NewsPublic Affairs / November 12, 2018

2 Indiana REMCs Getting USDA Loans To Make Upgrades

stock photo

stock photo

INDIANAPOLIS (AP) — Two Indiana rural electric cooperatives are receiving federal loans to improve their systems.

The U.S. Department of Agriculture announced last week that Martinsville-based South Central Indiana REMC will use a $100 million loan to build 28 miles of line, improve 153 miles and make other system improvements. South Central Indiana REMC serves 33,500 residential and commercial consumers in Morgan, Monroe, Brown, Owen, Putnam, Clay, and Johnson counties.

Linden-based Tipmont REMC will use a $61 million loan to build 33 miles of line, improve 95 miles and make other system improvements. The loan includes $42 million for smart grid projects. Tipmont serves more than 27,000 consumers in Benton, Boone, Carroll, Clinton, Fountain, Montgomery, Tippecanoe and White counties in western Indiana.

Smart grid technologies improve system operations and monitor grid security.

At WFYI, our goal is to cover stories that matter to you. Our reporting is rooted in facts. It considers all perspectives and is available to everyone. We don't have paywalls, but we do need support. So if unbiased, trusted journalism is important to you, please join us. Donate now.

 

 

Related News

ArcelorMittal Sells Most Indiana Facilities To Ohio-Based Steel Company
7th Federal Inmate Executed This Year At USP Terre Haute
Indiana Union President Sentenced to 3.5 Years For 'Brutal Assault' On Workers