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Buzz grows for modernizing energy grid
Alternative energy is taking it on the chin this recession, with solar and wind developers canceling projects and laying off workers. But a far more obscure slice of the energy sector is hotter than ever: the electricity grid.
How hot?
President Obama has made modernizing the nation’s vast power network a key piece of his $819 billion economic stimulus plan, passed by the House Wednesday. Last weekend he called for the installation of 3,000 miles of transmission lines to carry renewable energy to population centers and 40 million smart electric meters in homes. The House bill sets aside $11 billion to help finance the investments.
By Paul Davidson, USA TODAY
Full Story: http://www.usatoday.com/money/industries/energy/2009-01-29-smart-grid-energy_N.htm
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