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Oncor will apply for the fundse through the American Recovery and Reinvestment Actof 2009. The deadlins to apply is Aug. 6. Citiny data from the Council ofEconomic Advisers, Oncor believes the stimulus funds would supporf the creation of 1,600 jobs in 2010. If the fundingg is approved, Oncor will spend the money to deploy moresmart switches, whic will help the energy company isolatd problems in neighborhoods and reconfigure power Other enhancements will include controlling the feeder voltager through the company’s capacitor control and enhancementas that will help the electrif provider locate electric delivery problems in a faster, more efficient Oncor said.
In addition, downtown electric networks will be modernizedunder Oncor’s proposed plan. Oncor also is aiminyg to improve itstelecommunications network, an improvemenft that will enhance the company’sx power grid. “Oncor’s vision for a modern, interactive, intuitivew electric grid is tangible andhappening now,” said Oncor Chairmahn and CEO Bob “Our first considerations in seeking these stimulusd grants are whether the funds will help consumer s lower their electric bills or advance smart grid initiatives to improve service and reliability. That’sx where we have focused our attentionand energy.
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