Saturday, September 3, 2011
Transformation Continues: USDA To Dish Out $900 Million In Loans For Rural Smart Grid
The Obama Administration is utilizing every Government Agency to push forward his plan to Transform the U.S. economy from an 'Oil' Based one to a 'Green' Based one.
A large part of this Transformation is the creation of the 'Smart Grid'. The Smart Grid will allow the utilities and the Government to track everything about your life through your energy use,from what you watch on TV to your medical records and even how much carbon you create.
But this Transformation to a 'Smarter Grid' takes money. That is why, according to an Article in renewgridmag.com, the United States Department Of Agriculture (USDA) is issuing $900 Million Dollars in Loans to push the expansion of the Rural Smart Grid:
"Rural electric cooperative utilities in 14 states will receive $900 million in loans for smart grid technologies and improvements to generation and transmission facilities, the U.S. Department of Agriculture (USDA) has announced. These funds are expected to benefit more than 19,000 rural consumers.
"Rural electric cooperatives provide direct jobs and support economic growth in our rural communities," says Agriculture Secretary Tom Vilsack.
Among the rural electric cooperative utilities that will receive funding are Hoosier Energy Rural Electric Cooperative Inc., which serves Indiana and parts of Illinois. Hoosier's $462.5 million loan will fund system projects to improve reliability and comply with environmental requirements. The loan will also finance smart grid technologies and transmission line improvements.
Northeast Oklahoma Electric Cooperative Inc. will receive a $23.5 million loan to build or improve nearly 250 miles of distribution lines and make other system improvements. The loan includes $1.2 million for automated metering.
Cooperatives in Delaware, Georgia, Iowa, Indiana, Kansas, Michigan, Minnesota, Wisconsin, Missouri, Montana, Texas and South Dakota will also receive funds to build new distribution lines, improve existing ones, upgrade existing generation and transmission facilities, and make other system improvements."
Isn't it nice to see the Obama Administration continue to give out money that we don't have all in the name of controlling...er.. I mean making the U.S. a "Greener" place to live?