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4 NJ projects get smart grid grants

by: Jason Springer

Thu Oct 29, 2009 at 04:25:00 PM EDT



The US Department of Energy announced yesterday that 4 NJ projects will receive smart grid investment grants:
Among the grant recipients were Atlantic City Electric Co.; First Energy Service Co., the parent company of Jersey Central Power & Light; Consolidated Edison, of New York, an affiliate company of Rockland Electric; and PJM Interconnection LLC, the regional transmission organization serving New Jersey and parts of 12 other states and the District of Columbia.

"I want to thank President [Barack] Obama and Energy Secretary [Steven] Chu for today's grant awards, which take us one step closer to New Jersey's clean energy future," said Gov. Jon S. Corzine. "The projects they fund will improve reliability and efficiency for New Jersey's electricity customers while creating jobs."

"Smart Grid projects reduce energy bills and will help grow New Jersey's renewable energy generation," said state Board of Public Utilities President Jeanne M. Fox. "In addition, these projects will help us meet the goals of Governor Corzine's comprehensive energy master plan."

Altogether, the President announced $3.4 billion in power transmission spending. They said that doesn't include the $4.7 billion in private capital being including, so it's over an $8 billion investment. Here are some comments from White House Economic Advisor Jared Bernstein had to say about the smart grid investments:

Jason Springer :: 4 NJ projects get smart grid grants
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