INDIANAPOLIS (AP) - Two Indiana rural electric cooperatives are receiving a combined $43 million in federal loans to build up and improve their infrastructures.
The U.S. Department of Agriculture says Southeastern Indiana REMC will receive a $20 million loan and Tipmont REMC will receive a $23 million loans. The loans include nearly $6 million for smart grid improvements at Tipmont REMC and nearly $1.9 million at Southeastern Indiana REMC.
Smart grid increases the reliability of electric power by helping utilities better manage the electric grid to improve efficiency.
People were interested in these podcasts
The loans were among a total of nearly $2.3 billion to 77 utilities and cooperatives in 31 states.
Please read our comment policy before commenting.