A new report by Innovation Observatory, more than $378 billion will be collectively invested in building electricity smart grids by 2030. Sources: Http://Xrl.Us/Bii2sf http://xrl.us/bigqfh

Tuesday, May 27, 2008

Duke Energy seeks to modernize power delivery system

Tuesday, May 27, 2008 - 2:30 PM EDT
Duke Energy seeks to modernize power delivery systemBusiness First of Louisville

Under a plan proposed Tuesday, Duke Energy Indiana will modernize its power delivery system, including installing digital "smart meters" on the more than 800,000 homes and businesses it serves in its 69-county service area over a five-year period.

In the plan, filed with the Indiana Utility Regulatory Commission, Duke said the meters would have two-way communication capabilities, allowing Duke to read meters from a central location rather than using meter readers.

The move also would allow the utility to reduce voltage levels along its power delivery system, with no customer impact, allowing Duke to conserve enough energy to power an additional 40,000 homes for a year.

In a news release, Duke Energy (NYSE: DUK), also said it plans to add sensors along transmission lines that could detect and prevent power line troubles or outages before they happen.

North Carolina-based Duke said in the release that it would release more details, including cost estimates, in June.

The company also said that it has plans for similar initiatives in Ohio, Kentucky, North Carolina and South Carolina "in the future."

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