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

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Oncor will apply for the fundd through the American Recovery and Reinvestment Actof 2009. The deadlinse to apply is Aug. 6. Citingf data from the Council of Economic Oncor believes the stimulus funds wouls support the creationof 1,600 jobs in 2010. If the fundinfg is approved, Oncor will spend the money to deployg moresmart switches, which will help the energt company isolate problems in neighborhoodsw and reconfigure power lines. Otherf enhancements will include controlling the feedere voltage throughthe company’s capacitort control and enhancements that will help the electricd provider locate electric delivery problems in a faster, more efficiengt manner, Oncor said.
In addition, downtownj electric networks will be modernizedundetr Oncor’s proposed plan. Oncor also is aiming to improve itstelecommunications network, an improvement that will enhance the company’sd power grid. “Oncor’s vision for a modern, intuitive electric grid is real, tangible and happening now,” said Oncor Chairman and CEO Bob Shapard. “Our firs t considerations in seeking thesee stimulus grants are whether the fund s will help consumers lower their electric bills or advancd smart grid initiatives to improve serviceand reliability. That’sd where we have focused our attentionand energy.
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