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Consumers Power Participates in Smart Grid Investment Grant with DOE CPI will participate in a U.S. Department of Energy (DOE) smart grid investment grant award through PNGC Power, headquartered in Portland.
PNGC and 10 of its electric utility cooperative members have agreed to implement a smart grid system and CPI’s share of the project is valued at just under $8.7 million. CPI's project will include installation of 22,368 smart meters and other equipment and is expected enhance operations and reduce costs.
“We are pleased to embark on this project,” said CPI President/CEO Roman Gillen. “This is a unique opportunity for investment in our infrastructure and we anticipate the project to result in more efficient and integrated operations and to position us for future success.”
The total project value for all 10 cooperatives is $39.1 million, reflecting a partnership between PNGC Power, the member cooperatives and the DOE. The project will span five years, the first phase characterized by equipment installation and the second phase focused on data collection and reporting.
The PNGC Power - DOE grant is a part of $3.4 billion in grant awards that are made available by the federal American Reinvestment and Recovery Act, or “Stimulus Package,” that became law in 2009. Federal funding will be matched by industry funding. |
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