President Barack Obama announced $3.4 billion of taxpayer investment in so-called smart grid projects during a visit to Florida today, and about $30 million of that is headed to Oregon.
Smart grid improvements are meant to make energy use more efficient and include things like meters that charge homeowners less for power that’s used when overall electricity demand is low.
The state-by-state list of projects that will receive the funding, which is part of the federal stimulus bill, has two entries for Oregon.
In Portland, the Pacific Northwest Generating Cooperative will get about $20 million to “implement a smart grid system, including more than 95,000 smart meters, substation equipment, and load management devices, that will integrate 15 electric cooperatives across four states.”
And the Central Lincoln People’s Utility District in Newport will receive nearly $10 million to install smart grid technology for its 38,000 customers.
Obama said the stimulus money would create thousands of jobs while building a “smarter, stronger and more secure electric grid,” the news agency Reuters reported from Florida.
“At this moment, there’s something big happening in America when it comes to creating a clean energy economy,” Obama said.
By Matthew Preusch, The Oregonian – http://www.oregonlive.com/environment/index.ssf/2009/10/oregon_gets_30_million_in_stim.html