Article: CenterPoint Energy to Receive $200 Million Federal Stimulus Grant to Accelerate Current Smart Meter Project and Begin Building Intelligent Grid.

CenterPoint Energy, Inc. (NYSE: CNP) announced that its electric transmission and distribution subsidiary, CenterPoint Energy Houston Electric LLC, has been notified by the U.S. Department of Energy (DOE) that it has been granted a $200 million award for its advanced metering system and intelligent grid projects. This award is contingent on successful negotiation with the DOE.

"We are very pleased that the DOE has agreed to help fund the deployment of our advanced metering system and the development of the intelligent grid," said Tom Standish, group president of Regulated Operations for CenterPoint Energy. "These funds will reduce the amount that Houston-area ...

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