NRECA applauds Agriculture Department investment in co-op projects

National Rural Electric Cooperative Association (NRECA) CEO Jim Matheson recently issued a statement, applauding the U.S. Department of Agriculture’s (USDA) $2.5 billion investment in rural electric infrastructure announced last week.

“We are extremely pleased that USDA is making such a major investment in rural development and infrastructure through new loans to America’s electric cooperatives,” Matheson said. “USDA is an important partner helping us illuminate rural America and empower the communities we serve. That partnership is critical to co-ops’ ability to maintain, expand and improve rural electric infrastructure.”

USDA’s Rural Development’s Electric Program is providing the loans for projects in 27 states. The projects involve building new lines, smart grid enhancements, and other system improvements.

“These loans will allow co-ops all across the country to maintain and strengthen reliability of the electric grid through a wide range of projects, from the construction of new transmission and distribution lines to smart grid improvements and technology integration,” Matheson said. “As policymakers consider ways to improve the country’s aging infrastructure, it is critical that rural America not be left behind. We greatly appreciate USDA’s substantial investment in rural communities.”