August 12, 2019

Southern Indiana REMC Gets $15.5M Federal Loan For Upgrades

Associated Press
stock photo

stock photo

CORYDON, Ind. (AP) — A southern Indiana REMC is receiving a $15.5 million federal loan to upgrade its network.

The U.S. Department of Agriculture announced Friday that Corydon-based Harrison REMC will use the financing to connect 1,445 new consumers, build 78 new miles of distribution lines and improve 122 miles of distribution lines. The loan includes $1.1 million to finance smart grid technologies that improve system operations and monitor grid security.

Harrison REMC serves about 23,000 consumers over nearly 2,500 miles of lines in Harrison, Floyd, Crawford, Clark and Washington counties.

The loan is among $181 million in financing the USDA is making to upgrade rural electric systems in 10 states.

Tags:electricityU.S. Department of AgricultureHarrison CountyFloyd CountyClark CountyWashington County
Support independent journalism today. You rely on WFYI to stay informed, and we depend on you to make our work possible. Donate to power our nonprofit reporting today. Give now.

 

Related News

Rokita touts work opposing illegal immigration in trip to southern U.S. border
Public Affairs / May 21, 2025

Rokita touts work opposing illegal immigration in trip to southern U.S. border

Indiana Attorney General Todd Rokita touted his work fighting illegal immigration Wednesday during a trip to the United States' southern border.
Read More
Indiana's unemployment rate improves for fourth month, drops below national average
Public Affairs / May 21, 2025

Indiana's unemployment rate improves for fourth month, drops below national average

Indiana's unemployment rate has steadily improved over the last four months, according to the latest preliminary labor data. The state's unemployment rate fell below 4 percent for the first time since last June.
Read More
Southern Indiana business owners in Trump country react to tariffs
Public Affairs / May 21, 2025

Southern Indiana business owners in Trump country react to tariffs

For weeks, there was a 145 percent tariff between China and the U.S. Now, for the next 90 days, they stand at 30 percent on Chinese goods and 10 percent on U.S. goods. Kyle Anderson, an economist with IU’s Kelley School of Business said the soybean industry may need to find new buyers for its goods fast or risk wasting tons of materials or selling at a loss.
Read More