|
|
Article: PHI Awarded $168.1 Million for Smart Grid Projects.
- Article from:
- Energy Weekly News
- Article date:
- November 13, 2009
CopyrightCOPYRIGHT 2009 NewsRX. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
The U.S. Department of Energy announced that Pepco Holdings, Inc., (NYSE:POM) has been selected to receive $168.1 million dollars in federal stimulus funds to help build the smart grid in the District of Columbia, Maryland and New Jersey. The grants will be finalized in the coming weeks through negotiations with DOE.
PHI will use the money to help offset the cost to customers for installing meters and modernizing the electric grid. The smart grid will create new green jobs, boost the economy and lay the technological groundwork for customers to better manage their energy use and reduce carbon emissions generated by fossil-fueled power plants.
"Pepco ...