Vectren Seeks Regulatory Approval for Smart Grid Project, Awaits Potential Department of Energy Grant
Later this month or in early November, the DOE may award up to $4.5 billion in smart grid grants nationwide as part of the economic stimulus and infrastructure bill passed earlier this year. Vectren's proposal to the DOE includes a request for $45 million, or roughly 50 percent of the project's total cost.
"If awarded, the DOE would require implementation to begin almost immediately to ensure the funds are spent within the next three years," said Chapman. "We want to make sure we have the necessary regulatory approval in progress to capitalize on any awarded dollars and quickly initiate the project."
Friday, October 16, 2009
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