Jonathan Adelstein, USDA Rural Development Rural Utilities Administrator joined Colorado Rural Development Director Jim Isgar and representatives from Colorado’s congressional delegation for a ceremonial presentation at Poudre Valley Rural Electric Association, Inc. in Windsor, Colorado.
The entity was recently awarded a $43 million Rural Electric Loan to connect 2,069 new consumers while building 54 miles of new distribution line. The funding is a win-win project for the co-op, the consumers are helped by offering a better and more reliable product and the co-op will be able to increase efficiency. The loan will allow the entity to make improvements to 186 miles of distribution lines. The project also includes $6.7 million in smart grid technologies, which will be used for technology, such as advanced metering and can provide data to consumers and utilities to better manage power use and costs.
The utility staff hopes the funding will not only increase efficiency of delivery but allow consumers the opportunity to lower their bills by being able to reduce peak hour usage.
For more information about USDA energy programs, click here.
