SRP applies for stimulus funds for smart projects
Officials with the Tempe-based utility say the extra money would not diminish the need for an 8.8 percent electric rate increase pending before SRP's board of directors, but it might reduce the size of future rate hikes.
SRP officials say the projects being sought for stimulus funding would give customers more options for controlling their energy use, improve reliability and promote clean energy.
Smart meters can send data via radio signals back to the utility, allowing the meter to be read automatically by a computer at an SRP control center.
SRP has already deployed more than 400,000 smart meters and wants to install another 540,000 by the fall of 2011, when every customer would have one.
Related News
First Nuclear Reactors Built in 30 Years Take Shape at Georgia Power Plant
GEORGIA - Construction is ongoing for two new nuclear reactors, Units 3 and 4, at Georgia Power's Alvin W. Vogtle Electric Generating Plant in Waynesboro, Ga. the first new nuclear reactors to be constructed in the United Stated in 30 years that will provide electricity to more than 500,000 homes and businesses once operational.
Construction on Unit 3 started in March 2013 with an expected completion date of November 2021. For Unit 4, work began in November 2013 with a targeted delivery date of November 2022. Each unit houses a Westinghouse AP1000 (Advanced Passive) nuclear reactor that can generate about 1,117…
