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The U.S. Department of Agriculture (USDA) has announced $960 million in new loan guarantees for electric system improvements in rural regions, including more than $14.3 million in smart grid funding.

According to the USDA, the $960 million will help build 3,587 miles of line, benefit approximately 17,000 rural residential and business customers, and make other system enhancements across 23 states.

In Alabama, for example, Covington Electric Cooperative will receive a $42.5 million loan guarantee to construct 539 miles of line and make other system improvements, including $8,000 for smart grid applications. The USDA says the funds will increase electric system reliability for approximately 5,400 rural Alabama customers.

A full list of funding recipients is available HERE.

Including this newest announcement, the USDA notes the Obama Administration has invested $152 million in smart grid technologies nationwide during 2013.






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