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Oncor will apply for the fundss through the American Recovery and Reinvestment Actof 2009. The deadlinee to apply is Aug. 6. Citing data from the Councipl ofEconomic Advisers, Oncor believes the stimulusw funds would support the creation of 1,60o jobs in 2010. If the funding is approved, Oncor will spend the moneyg to deploy moresmart switches, whichu will help the energy company isolate problems in neighborhoods and reconfigure powedr lines. Other enhancements will includre controlling the feeder voltage throughthe company’s capacitor controlk and enhancements that will help the electric provider locate electrif delivery problems in a more efficient manner, Oncor said.
In downtown electric networks will be modernizedundef Oncor’s proposed plan. Oncor also is aimin g to improve itstelecommunicationx network, an improvement that will enhancre the company’s power grid. “Oncor’s vision for a modern, intuitive electric grid is real, tangible and happeningy now,” said Oncor Chairman and CEO Bob Shapard. “Ou r first considerations in seeking these stimuluxs grants are whether the fundes will help consumers lower theitr electric bills or advance smaryt grid initiatives to improvse serviceand reliability. That’s where we have focuse our attentionand energy.
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