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SMALL BUSINESS
Okla. utility announces $130M in federal funds
AP ONLINE
posted: 32 DAYS AGO
OKLAHOMA CITY (AP) — An application by Oklahoma Gas and Electric to install new digital electric meters has been approved for $130 million in federal stimulus funds.
The Oklahoma City-based utility announced the award for its "smart-grid" program on Tuesday.
OG&E, a subsidiary of OGE Energy Corp., applied in August for the matching funds to speed up the deployment of its smart-grid technology across its 30,000-square-mile territory in Oklahoma and western Arkansas.
A smart grid requires the installation of digital electric meters at customer locations to replace existing electric meters.
The meters transmit information about electricity use to the utility company via a newly installed wireless communications network.
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