Certain utilities to receive millions from government for improvements
SUBNET Solutions Inc | Wednesday, August 31, 2011
The U.S. Department of Agriculture recently announced that it would provide funding to electric cooperatives utilities in rural areas to help them improve transmission and generation facilities.
Agriculture Secretary Tom Vilsack also said that the utilities would receive funding to invest in smart grid technologies. In total, the utilities will receive about $900 million in loans, which is expected to go to companies in 14 different states that provide power for 19,000 people.
Vilsack said that the loans will allow these utilities to control costs and better manage power.
"By financing electrical system improvements USDA and the Obama Administration helps ensure sustainable growth and business job creation," he said. "Investments in smart grid technologies will give rural electric utilities and their consumers one more tool to better manage use of electricity, increase reliability and lower costs."
Hoosier Energy Rural Electric Cooperative, Inc. - which operates a 1,500-mile transmission network in Indiana and Illinois - will receive a $462.5 million loan for transmission line improvements, smart grid technology investment and to improve reliability.
Other utilities that will receive the loans are located in Delaware, Georgia, Kansas, Michigan and Iowa, among others.
SUBNET works with electric cooperatives utilities by providing solutions that enable utilities to manage their substation devices efficiently and easily. SUBNET's smart grid solutions help utilities to diagnose disturbances, access both operational and non-operational device data remotely and provide data gateways that are designed specifically for multi-vendor devices. Learn more.
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