USDA Awards $14 million for Smart Grid Technology
October 30, 2013
The U.S. Department of Agriculture (USDA) on October 24 announced funding for rural electric utility system improvements, including more than $14.3 million to implement smart grid technology and nearly $11 million to improve electric service for Native Americans.
In Georgia, the Colquitt Electric Membership Corporation will receive a $9.8 million loan guarantee for smart grid projects. And in New Mexico, the Sierra Electric Cooperative's $4.3 million loan guarantee includes $536,000 for smart grid projects. With this latest announcement, the Obama Administration has invested $152 million in smart grid technologies nationwide during 2013. See the USDA press release.