Duke Energy Accepts $204 Million in ARRA Funds to Support Grid Modernization

摘要

Duke energy, an electric utility for the Southeast and Midwest, has finalized an agreement with the Department of Energy (DOE) for $204 million in American Recovery and Reinvestment Act (ARRA) funds to support smart grid projects in the company's five-state service territory.rnThe DOE funds will support two projects: $200 million-the maximum allowed per project under the Smart Grid Investment Grant Program-will assist in modernizing Duke Energy's power distribution system; and $4 million will support the installation of digital equipment on the transmission system in the Carolinas.