Xcel Energy continues smart-grid project
The utility has installed about 15,000 residential "smart meters" in Boulder and is looking for 10,000 more households willing to let Xcel put in more of them. The meters provide two-way communication to the utility and to customers.
Customers with smart meters can monitor their energy use and, when combined with programmable thermostats and other energy-saving devices, control their use. Xcel Energy plans to set up an Internet portal in April or May so customers can better manage their electricity use.
Xcel has strung more than 100 miles of fiberoptic cable over power lines in Boulder for broadband transmission.
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Hydro One Q2 profit plunges 23% as electricity revenue falls, costs rise
TORONTO - Hydro One Ltd.'s (H.TO 0.25%) second-quarter profit fell by nearly 23 per cent from last year to $155 million as the electricity utility reported spending more on tree-trimming work due to milder temperatures that also saw customers using less power.
The Toronto-based company - which operates most of Ontario's power grid - says its net earnings attributable to shareholders dropped to 26 cents per share from 34 cents per share when Hydro One had $200 million in net income.
Adjusted net income was also 26 cents per share, down from 33 cents per diluted share in the second quarter of 2018.
Revenue was $1.41 billion, down from…
