Duke Energy Corp. said it will build a “smart grid” power delivery system in Indiana, after reaching a settlement with the Indiana Office of Utility Consumer Counselor and other groups.
The settlement also included Nucor Steel, the Duke Energy Indiana Industrial Group and the Citizens Action Coalition of Indiana Inc.
The $445 million project is subject to approval by the Indiana Utility Regulatory Commission and is expected to take five to six years. Duke said in a news release that it will apply for stimulus funds through the American Recovery and Reinvestment Act to help pay for the project.
The current analog system used by most energy companies delivers power and does little else, said Jim Stanley, president of Duke Energy Indiana.
“Smart grid, with its digital, two-way communication capabilities, will transform how we operate our system – improving customer service, power reliability and the efficiency of our transmission and distribution system,” he said in the release.
via Duke Energy to bring ‘smart grid’ to Indiana
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