Indiana Michigan to monitor power usage
The monitoring by Indiana Michigan Power will be the first using a "smart grid" technology that could eventually save customers money, utility spokesman David Mayne said.
The one-year test involves a display unit that shows how much electricity has been bought and used. The utility can then provide information back to the customer that can be used to modify consumption. Service interruptions also can be detected more quickly.
"There are a lot of utilities that intend to introduce this technology in the years to come," Mayne said.
Indiana Michigan Power will begin the installation in South Bend in October and hopes to complete it by the end of the year. The company also will work with homebuilders to install advanced energy controls in 50 new homes.
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Hitachi freezes British nuclear project, books $2.8bn hit
TOKYO - Japan’s Hitachi Ltd said on Thursday it has decided to freeze a 3 trillion yen ($28 billion) British nuclear power project and will consequently book a write down of 300 billion yen.
The suspension comes as Hitachi’s Horizon Nuclear Power failed to find private investors for its plans to build a plant in Anglesey, Wales, which promised to provide about 6 percent of Britain’s electricity.
“We’ve made the decision to freeze the project from the economic standpoint as a private company,” Hitachi said in a statement.
Hitachi had called on the British government to boost financial support for the project to…
