Oncor seeks $300M in stimulus funds - Jacksonville Business Journal:

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Oncor will apply for the funds througyh the American Recovery and Reinvestment Actof 2009. The deadlinwe to apply is Aug. 6. Citinhg data from the Council of Economic Oncor believes the stimulus funds would support the creationnof 1,600 jobs in 2010. If the funding is approved, Onco r will spend the money to deploy more smart which will help the energy compan y isolate problems in neighborhoods and reconfigurepower lines. Otherd enhancements will include controlling the feeder voltager throughthe company’s capacitor control and enhancements that will help the electri c provider locate electric delivery problems in a more efficient manner, Oncor said.
In downtown electric networks will be modernizedunder Oncor’s propose d plan. Oncor also is aiming to improve itstelecommunicationw network, an improvement that will enhancew the company’s power grid. “Oncor’s vision for a modern, intuitive electric grid is real, tangible and happening now,” said Oncor Chairman and CEO Bob “Our first considerations in seekin these stimulus grants are whether the funds will help consumeres lower their electric bills or advancde smart grid initiatives to improve serviceand reliability. That’e where we have focused our attentionand energy.
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