This marks the reaching the goal of investing $250m in smart grid technologies, in the government’s efforts to modernize the nation’s electric system.
Commenting on the investments Agriculture Secretary Tom Vilsack remarked that modernization of the grid and deployment of smart grid technologies will the electricity systems reliability and efficiency.
"Providing reliable, affordable electrical service contributes to stronger rural economies and is the backbone for a prosperous rural America.
"These loans will help ensure that rural areas can retain existing businesses, support new ones and have reliable, up-to-date infrastructure," said Vilsack.
