NC To Share 200 Million Dollar Energy Grant

A federal agency has announced a $200 million for a new electric system in the Carolinas and Florida.

Environmental Protection Agency Administrator Lisa P. Jackson made the announcement alongside Lt. Gov. Walter Dalton at a news conference Thursday in Raleigh.

The grant will fund equipment upgrades through Progress Energy. The Raleigh-based utility will contribute an additional $300 million and install 160,000 smart meters.

President Barack Obama announced on Tuesday $3.4 billion in federal funding for 100 projects aimed at modernizing the power grid. The projects include installing better electric meters in homes and installing thousands of new digital transformers and grid sensors.

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  • by B Location: NC on Oct 29, 2009 at 12:46 PM
    Progress energy installed a smart meter at my house and my bill doubled!! Now they are going to take our tax dollars to increase our bills, how that change working for you!!!
  • by Kimo Location: Belhaven on Oct 28, 2009 at 05:09 PM
    I believe these meters are smart enough to figure out how much power you use during various times of day (such as during periods of high demand) so they can charge extra for that usage.

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