The $1.2bn in funding is being awarded through USDA Rural Development’s Electric Program, which provides loans and guaranteed loans to electric utilities to upgrade, expand, maintain and replace rural America’s electric infrastructure.
USDA secretary Tom Vilsack said that the department is investing in electric infrastructure improvements to provide reliable and affordable power to homes and business in rural America.
“These guaranteed loans will enable cooperatives to deliver better service to rural customers,” Vilsack said.
