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News Release
Release No. STELPRD4022601
ContactDawn Bonsell717-237-2286
Printable Version  Printable Version
(12/16/13) AGRICULTURE SECRETARY ANNOUNCES ELECTRIC SYSTEM IMPROVEMENTS IN 25 STATES
Bedford Rural Electric Coop Receives $4 Million Loan

WASHINGTON, Dec 16, 2013 -- Local Contact: Dawn Bonsell 717-237-2286

Agriculture Secretary Announces Electric System Improvements in 25 States

Bedford Rural Electric Coop Receives $4 Million Loan

   WASHINGTON, Dec. 16, 2013 – Agriculture Secretary Tom Vilsack recently announced more than $1.8 billion in funding for electric utility infrastructure projects in 25 states and one territory to improve service for more than 37,000 rural customers. The projects include more than $45 million for smart grid technology, $73 million for renewable energy projects and over $213 million targeted to benefit Native Americans. This funding will build or improve more than 6,500 miles of line to deliver electricity to rural America.

   “Rural electric cooperatives have provided reliable, affordable power to rural communities for more than 75 years. Today’s investments will help ensure our electric infrastructure continues to deliver reliable and affordable electricity for years to come,” Vilsack said. “This funding is part of the Obama Administration’s vision for a new rural energy economy and USDA’s commitment to creating economic opportunity in rural America. Investments in smart grid technologies will continue to modernize our nation’s electric system and improve operational efficiencies.”

The funding announcement is provided through the U.S. Department of Agriculture’s (USDA) Rural Utilities Service Program. Among the projects being funded is the Bedford Rural Electric Cooperative, Inc. Funds will be used to serve 340 consumers in Bedford, Fulton and Somerset Counties, build 109 miles of distribution line, and make other system improvements. The four million dollar loan amount includes $153,600 for smart grid projects.

Secretary Vilsack said that this announcement is another reminder of the importance of USDA programs rural America. A comprehensive new Food, Farm and Jobs Bill would further expand the rural economy, Vilsack added, saying that’s just one reason why Congress must get a comprehensive Bill done as soon as possible.

Look here for a list of rural electric utilities that will receive USDA funding, contingent upon the recipient meeting the terms of the loan agreement.

   President Obama's plan for rural America has brought about historic investment and resulted in stronger rural communities. Under the President's leadership, these investments in housing, community facilities, businesses and infrastructure have empowered rural America to continue leading the way – strengthening America's economy, small towns and rural communities. USDA's investments in rural communities support the rural way of life that stands as the backbone of our American values.

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Last Modified:08/21/2014 
 
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