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News Breaks
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October 27, 2009
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| 17:57 EDT |  | OGE |
| theflyonthewall.com: | OGE Energy wins $130M Smart Grid project grant | | Oklahoma Gas and Electric Company was notified by the U.S. Department of Energy, or DOE, that its application for $130M in stimulus funding to accelerate the Positive Energy Smart Grid program has been accepted for award, pending final negotiations next month. The stimulus grant would cover more than 40%of the cost of a rollout of OG&E's smart grid program across the utility's entire service territory. According to Delaney, receipt of the grant monies is contingent upon approval by the Oklahoma Corporation Commission, or OCC, for matching fund recovery and successful negotiations with the DOE on final details of the award. OG&E applied in August for the matching funds to speed up the deployment of smart grid technology across its 30,000-square mile territory in Oklahoma and western Arkansas. :theflyonthewall.com |
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