Virginia Co-op Receives Improvements Financing - 47 ABC - Delmarva's Choice

Virginia Co-op Receives Improvements Financing

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RICHMOND, Va. (AP) - An electric cooperative serving Virginia's Eastern Shore and Smith Island in Maryland has received a $30 million federal loan guarantee to make improvements.

The U.S. Department of Agriculture says Tasley-based A & N Electric Cooperative plans to build or improve 196 miles of line and make other improvements to its system. The loan guarantee includes $3.5 million for smart grid projects.
    
The financing is among $540 million in loan guarantees announced Tuesday by Agriculture Secretary Tom Vilsack for projects in 18 states.

 

(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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