PPL Electric Utilities continues to add smart grid automation on its system to increase reliability.
Smart grid improvements have been a major factor in allowing the utility to reduce the number of outages by 30 percent since 2007. The next five years are expected to bring another 15 percent improvement.
The company reports about 4,600 smart grid switches have been installed across its service area since 2012, when the first smart grid pilot project launched in the Harrisburg area. Now, there are smart grid devices nearly everywhere on the utility’s system which covers all or part of 29 counties in central and eastern Pennsylvania.
Humboldt Park Association members learned about the Greater Hazleton Chamber of Commerce’s 2017 Wage and Salary survey and Service Electric Cablevision’s business packages for phone, high-speed internet and cable during the association’s recent meeting at McCann School of Business and Technology in the Humboldt Industrial Park.
CAN DO, Inc., announced updated interest rate options for Pennsylvania Industrial Development Authority (PIDA) loans for the 2017 second quarter and program enhancements for machinery and equipment loans and financing for eligible real estate costs. The new rates are in effect for loan applications received through June 30, 2017.
The first program enhancement increases the lending limit for machinery and equipment loans funded from the PIDA-Machinery and Equipment Loan Fund (MELF) account from $400,000 to $1.5 million. The lending increase applies to projects where PIDA is financing machinery and equipment acquisitions for eligible manufacturing, industrial, biotechnology, and computer related service enterprises. A 50 percent match is required. Loans funded via the PIDA-MELF fund are subject to the job retention/creation requirements of one full-time job retained for every $35,000 loaned and/or one full-time job created for every $50,000 loaned.
The second enhancement involves loans that are used to finance eligible real estate costs such as acquisition, construction, or renovation projects. In addition to the customary 15-year term loans with a regular 15-year amortization, PIDA is now offering a 10-year loan term with payments based on a 20-year amortization period and a balloon payment due at the end of the 10-year term.
If a borrower chooses the 10-year term/20-year amortization option, the borrower will be required to pay off the loan in full at the end of the 10-year period or refinance the remaining balance with a lending institution outside of PIDA.
Located directly along the I-81 corridor in Northeast Pennsylvania and just minutes from I-80, Greater Hazleton offers an ideal location, just two hours to New York City and Philadelphia and within a day's drive of half the nation's population.