Florida, Carolinas getting smart grids in $500M push
Progress Energy is moving forward with its plan to spend $500 million to upgrade two of its electric utilities in Florida and the Carolinas to a smart-grid system.
Together the two utilities provide electricity service to over 3.1 million customers. The Raleigh,N.C.-based company is paying for the upgrade in part with a $200 million grant from the U.S. Department of Energy (DOE). The grant came out of the American Recovery and Reinvestment Act of 2009, and is part of the high-profile push by the Obama administration and many state leaders to upgrade U.S. electric grids.… Read more