Money Monday: Smart Grid Funding

The U.S. Department of Agriculture (USDA) on October 11 announced funding to modernize and improve the efficiency of rural electric generation and transmission systems. The announcement includes additional loan support of $134 million in Smart Grid technologies in 16 states. The selected projects are located in Alabama, California, Iowa, Minnesota, Mississippi, Missouri, Montana, Nebraska, New Mexico, New York, North Dakota, Ohio, Oklahoma, Texas, Washington, and Wyoming. 

In September, the USDA reportedthat it had met its goal to finance $250 million in Smart Grid technologies in fiscal year 2012.

USDA also announced nearly $264 million in loans to partially finance wood-burning plants in Colorado, Hawaii, and Texas that are expected to generate 69 megawatts (MW) of electricity. Additionally, $14,565,000 was announced to finance the construction of a 5.5 MW solar-powered generating facility in Maryland.

In California, Kirkwood Meadows Public Utility District received $50,000,000 to build or improve 40 miles of lines for distribution and transmission, and to make other improvements to their aging system.  

To learn more link to the USDA press release here. 

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Photo credit: KMPUD.com