USDA Approves $3.1 Billion in Loans to Coops
As part of its latest round of Electric Loan Program awards, the U.S. Department of Agriculture (USDA) has approved $3.1 billion in rural infrastructure loans for 45 electric cooperatives. The loans will go to projects in 25 states to upgrade or build transmission and distribution lines and to develop smart grid technology and digital communications to help detect and respond to outages.