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The U.S. Department of Agriculture (USDA) has announced $207.9 million in new loan guarantees to build nearly 2,000 miles of line, fund more than $11 million in smart grid projects and make other system improvements in eight states. Since 2011, the USDA says it has invested more than $526 million in smart grid technologies nationwide.

The new loan guarantees, which are made available through the USDA rural utilities program, will be utilized in Kansas, Missouri, Iowa, North Carolina, New Mexico, Texas, Ohio and Virginia.

For example, the Central Virginia Electric Cooperative will use $22.1 million in funding to build 327 miles of distribution line and invest more than $1.1 million in smart grid technologies across 14 counties.

Ohio-based South Central Power Co. will use $64 million to build 558 miles of distribution line, 34 miles of transmission line and make other system improvements. The loan amount includes about $6.37 million for smart grid projects.

For a full list of the fund allocations, click here.


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