The Trump Administration today announced that the United States Department of Agriculture is investing over $61.5 million to build and improve critical electric infrastructure in rural Kentucky.
The Department of Agriculture is making these loans through the Electric Loan Program to build and improve over 135 miles of line.
“Leveraging last-mile broadband is becoming more and more important to our electric coops in order to increase efficiency and reliability through smart grid technology,” said Legg. “Strong partnerships like this one with Jackson Purchase Energy will help rural Kentucky keep the lights on for years to come.”
Jackson Purchase Energy Corporation will use a $61,543,000 million loan to connect 1,718 consumers. The loan includes over $1.9 million in smart-grid technologies.
USDA Rural Development provides loans and grants to help expand economic opportunities and create jobs in rural areas. This assistance supports infrastructure improvements; business development; housing; community facilities such as schools, public safety and health care; and high-speed internet access in rural areas. For more information, visit www.rd.usda.gov.