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$200 Million Investment to Develop Smart Electric Grid in Carolinas and Florida

Thu, 10/29/2009 - 11:22am
WASHINGTON – U.S. EPA Administrator Lisa P. Jackson visited Raleigh recently to announce a $200 million grant for a smarter, stronger and more efficient electric system in North Carolina, South Carolina and Florida.

The funding, announced at a press conference with Lieutenant Governor Walter Dalton and Raleigh Mayor Charles Meeker, is part of President Barack Obama’s announcement of the largest single energy grid modernization investment in U.S. history - $3.4 billion in Smart Grid Investment Grant Awards under the American Recovery and Reinvestment Act that will be matched by industry for a total investment worth more than $8 billion.

“A cornerstone of our new foundation for prosperity is the growth of the American clean energy economy,” said EPA Administrator Lisa P. Jackson. “Investments in innovative Smart Grid technology will create new jobs, lower energy bills for consumers and businesses, promote more efficient and reliable energy delivery, and set the stage for affordable clean energy across the country.”

An analysis by the Electric Power Research Institute estimates that the implementation of smart grid technologies could reduce electricity use by more than 4 percent by 2030. That would mean a savings of $20.4 billion for businesses and consumers around the country, and $500 million for North Carolina alone – or $51 in utility savings for every man, woman and child in North Carolina.

More information on EPA and the recovery act: http://www.epa.gov/recovery/

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