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WASHINGTON, D.C. – U.S. Senators Blanche Lincoln and Mark Pryor and U.S. Representative Marion Berry (AR-01) today announced that Woodruff Electric, in Forrest City, Arkansas will receive $2,357,520 in funding from the American Recovery and Reinvestment Act of 2009. The funding will be used to install smart meters for more than 13,000 electric cooperative customers that will provide time-of-use data, help monitor demand, and reduce outages.
“Conservation and energy efficiency are critical first steps toward energy independence and a cleaner environment,” Lincoln said. “Investment in SmartGrid technology will update Arkansas’s current transmission system to make energy use and production more efficient and environmentally friendly, while also enhancing reliability for consumers. These funds are exactly the kind of priorities the economic recovery bill should provide, and I am proud they are making their way to our state to strengthen our communities.”
“Smart Grid technology is an integral part of the transition towards a more energy efficient economy, and companies like Woodruff Electric are helping lead the way. I am pleased the economic recovery package provides significant funding for programs to help Arkansas families make ends meet through energy conservation and efficiency,” Pryor said.
"Modernizing our electric grid will give consumers better control of their energy use and costs, which is helpful for many Arkansans on fixed incomes who often find it difficult to pay their energy bills," said Berry. “This funding will encourage development of a newer, more efficient energy infrastructure for our rural areas, and most importantly support the creation of additional jobs.”
Recently, the White House announced a $3.4 billion investment in Smart Grid technology. This is the largest single Smart Grid modernization investment in U.S. history, funding a broad range of projects that will ease the nation’s transition to a smarter, stronger, more efficient and reliable electric system. The $3.4 billion are part of the American Reinvestment and Recovery Act, and will be matched by industry funding for a total public-private investment worth over $8 billion.
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