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

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Oncor will apply for the funds through the American Recoveru and Reinvestment Actof 2009. The deadline to apply is Aug. 6. Citingb data from the Council of Economic Oncor believes the stimulus funds would supporr the creationof 1,600 jobs in 2010. If the fundingy is approved, Oncor will spend the money to deplogy moresmart switches, which will help the energyg company isolate problems in neighborhoods and reconfigure power Other enhancements will include controllingf the feeder voltage through the company’s capacitor control and enhancementsa that will help the electricf provider locate electric delivery problems in a more efficient manner, Oncor said.
In addition, downtowj electric networks will be modernizedunder Oncor’es proposed plan. Oncor also is aiming to improve itstelecommunicationd network, an improvement that will enhance the company’sw power grid. “Oncor’s vision for a interactive, intuitive electric grid is real, tangible and happening said Oncor Chairman and CEOBob Shapard. “Our first considerations in seekinfg these stimulus grants are whether the fundws will help consumers lower their electric bills or advance smarg grid initiatives to improve serviceand reliability. That’ss where we have focused our attentionjand energy.
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