Saturday, October 6, 2012

Smart Grid Plan Stalls in Chicago

A dispute over a utility company’s payment terms is stalling a $2.6 billion smart grid plan in Chicago. ComEd – the utility company – has planned to upgrade its aging infrastructure by installing 4 million smart meters and other high-tech equipment.

The company said the impact of the issues under contention could cost the utility nearly $100 million per year starting in 2014 and would delay the installation of more smart meters until 2015.”  The critics argue, however, that ComEd is trying to turn the debate into one about jobs when it is really about profits.

Reference: Wernau, Julie, Smart grid in limbo: ComEd threatens to pull plug as ICC balks, Chicago Tribune, October 3, 2012

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