New smart grid deployment bucks slowdown trend
SUBNET Solutions Inc | Thursday, May 24, 2012
Despite talk that smart grid deployments - especially large, multi-million projects - have been slowing, one new deployment in Florida shows the smart grid market is still pushing forward.
According to Smart Grid News, Florida Power and Light is shrugging off the smart grid slowdown and beginning a $15.6 billion, five-year capital expenditure program, the largest in the company's history. The company will use $3.6 billion of the funds to improve antiquated grids, while another $4.1 billion will be spent to improve existing power plants.
"These investments collectively produce significant customer benefits in the form of lower fuel costs, better reliability and cleaner air; and they are key to our ability to keep our customers' electric bills the lowest in the state over the long haul," said CFO Moray Dewhurst told analysts during a conference call in April.
Since 2004, overall electric grid investments have doubled to $85 billion across the country, the media outlet stated.
SUBNET helps utilities in their endeavors to integrate substation automation and other smart grid technologies with existing power infrastructure, and ensures compliance with stringent NERC CIP rules and regulations.
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