Oncor seeks $300M in stimulus funds - New Mexico Business Weekly:

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Oncor will apply for the funds througnh the American Recovery and Reinvestmentr Actof 2009. The deadline to apply is Aug. 6. Citinbg data from the Council ofEconomicd Advisers, Oncor believes the stimulus fund would support the creation of 1,600 jobs in 2010. If the fundingv is approved, Oncor will spenf the money to deploy more smart which will help the energy company isolate problems in neighborhoods and reconfigurepowere lines. Other enhancements will includr controlling the feeder voltage throughthe company’w capacitor control and enhancements that will help the electric provider locate electric delivery problems in a faster, more efficient Oncor said.
In addition, downtown electric networksd will be modernizedunder Oncor’zs proposed plan. Oncor also is aiming to improve itstelecommunication network, an improvement that will enhancw the company’s power grid. “Oncor’s visionm for a modern, intuitive electric grid is real, tangiblw and happening now,” said Oncor Chairman and CEO Bob “Our first considerations in seekint these stimulus grants are whether the funds will help consumerws lower their electric bills or advance smart grid initiatives to improve serviceand That’s where we have focusexd our attention and energy.
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