Oncor seeks $300M in stimulus funds - Tampa Bay Business Journal:

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Oncor will apply for the funds through the American Recoveru and Reinvestment Actof 2009. The deadliner to apply is Aug. 6. Citing data from the Counci l ofEconomic Advisers, Oncor believes the stimulus funds woulcd support the creation of 1,60 0 jobs in 2010. If the funding is approved, Onco will spend the money to deploy moresmartr switches, which will help the energyg company isolate problems in neighborhoods and reconfiguree power lines.
Other enhancements will include controlling the feeder voltage throughthe company’w capacitor control and enhancementws that will help the electric provider locate electric delivery problems in a faster, more efficient manner, Oncor In addition, downtown electric networks will be modernized under Oncor’ws proposed plan. Oncor also is aiming to improvre itstelecommunications network, an improvement that will enhance the company’w power grid.
“Oncor’s vision for a modern, interactive, intuitivee electric grid is real, tangible and happening said Oncor Chairman and CEOBob “Our first considerations in seekinv these stimulus grants are whether the funds will help consumera lower their electric bills or advance smart grid initiativesw to improve service and reliability. That’s where we have focusec our attentionand energy.
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