Dive Brief:
- The U.S. Department of Agriculture unveiled on Thursday its latest list of recipients of loan guarantees to upgrade transmission and distribution systems in rural areas.
- The $960 million round of investment in 32 projects range from $4.3 million for Sierra Electric Cooperative in New Mexico to $271.8 million for Brazos Electric Cooperative in Texas.
Dive Insight:
The loan guarantees from the Rural Utilities Service will support the construction of 3,587 miles of power lines, make other system upgrades and finance new generation. The majority of the loan guarantees include funding to implement smart grid technologies.