More Utilities Look to the DOE for Smart Grid Financing

By Camille Ricketts on August 5, 2009

Both Connecticut’s United Illuminating and Illinois’ Commonwealth Edison have filed applications to receive stimulus funds from the U.S. Department of Energy to accelerate their smart grid plans...The project, which will require installing new equipment in residential and commercial areas, as well as at substations and power plants, is slated to cost $75 million total and take a little less than three years to complete. From the description, it’s likely that advanced smart meters will be a main component of the shift, allowing energy consumers to view relevant data that could encourage conservation.

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