Pennsylvania Coop to Use $40 Million in Loans for Grid Upgrades
Posted on Jul 31, 2012 in Financing, Grid & Infrastructure, Project Development, Regulation & Policy, Reliability | Comments Off on Pennsylvania Coop to Use $40 Million in Loans for Grid Upgrades
The Adams Electric Cooperative, which serves counties in southeastern Pennsylvania, plans to use $40 million in low-interest loans recently awarded from the federal government to build and improve 200 miles of distribution line and to upgrade several substations. A portion of the money will also go to smart grid projects, such as the installation of automated switches that will allow the cooperative to shift electricity when there is an interruption of service. The loan money is part of $287 million in loan guarantees being provided through the Department of Agriculture’s Rural Utilities Service to help utilities upgrade, expand, maintain and replace rural America’s electrical infrastructure. Click here for more.
