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|Secretary Vilsack Announces Funding to Improve Rural Electric Service in Eight States|
|News Releases - Civic News & Info|
|Written by USDA Office of Communications|
|Monday, 22 October 2012 13:21|
WASHINGTON, Oct. 19, 2012 – Agriculture Secretary Tom Vilsack today announced funding to modernize and improve the efficiency of rural electric generation and transmission systems. Several of the loans contain support for smart grid projects.
"USDA and the Obama Administration continue to fund electric projects to improve system reliability and efficiency for rural businesses and residential consumers," Vilsack said. "A strong American economy is contingent upon a strong rural economy. Infrastructure investments like these will promote job growth."
Secretary Vilsack announced in August that USDA had met its goal to finance $250 million in smart grid technologies in fiscal year 2012. Today's $107.5 million in loan guarantees includes nearly $3 million in smart grid technologies. The loan guarantees are provided by USDA Rural Development's Rural Utilities Service. USDA also funds energy conservation and renewable energy projects.
The following is a list of rural utilities that will receive USDA funding, which is contingent upon the recipient meeting the terms of the loan agreement.
Arizona, California and New Mexico
For information on Rural Development projects throughout the country, please visit the agency's new interactive web map at: http://www.rurdev.usda.gov/
President Obama's plan for rural America has brought about historic investment and resulted in stronger rural communities. Under the President's leadership, these investments in housing, community facilities, businesses and infrastructure have empowered rural America to continue leading the way – strengthening America's economy, small towns and rural communities. USDA's investments in rural communities support the rural way of life that stands as the backbone of our American values. President Obama and Agriculture Secretary Tom Vilsack are committed to a smarter use of Federal resources to foster sustainable economic prosperity and ensure the government is a strong partner for businesses, entrepreneurs and working families in rural communities.
USDA, through its Rural Development mission area, administers and manages housing, business and community infrastructure programs through a national network of state and local offices. Rural Development has an active portfolio of more than $174 billion in loans and loan guarantees. These programs are designed to improve the economic stability of rural communities, businesses, residents, farmers and ranchers and improve the quality of life in rural America.
USDA is an equal opportunity provider and employer. To file a complaint of discrimination, write: USDA, Office of the Assistant Secretary for Civil Rights, Office of Adjudication, 1400 Independence Ave., SW, Washington, DC 20250-9410 or call (866) 632-9992 (Toll-free Customer Service), (800) 877-8339 (Local or Federal relay), (866) 377-8642 (Relay voice users).
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