Tuesday, October 27, 2009

PECO Smart Energy Grid

From the inbox:

Today, Congressman Patrick Murphy (D-8th District) and Congresswoman Allyson Schwartz (D-13th District) praised the announcement by the White House that PECO (Philadelphia Energy Company) will receive a $200 million grant for Smart Energy Grid technology under the American Recovery and Reinvestment Act, which both Rep. Murphy and Rep. Schwartz proudly voted for. The funding will go toward PECO’s “Smart Future Greater Philadelphia” Smart Grid Investment Grant (SGIG), a project which will deliver the benefits of Smart Grid technologies to the more than five million residents of the Delaware Valley .

By creating jobs through long-term investments in critical infrastructure and providing customer benefits in terms of reliability, energy efficiency, emissions reduction, and economic development, the Smart Grid project will serve as a global model in promoting economic growth to an entire region. The Greater Philadelphia area is already a national leader in clean, green technology, and the deployment of innovative Smart Grid technologies available through this grant will continue to promote economic development in Delaware Valley communities. In addition, PECO customers will see everyday cost savings in lower electricity bills and more efficient power to their homes and businesses.

“This grant represents an enormous opportunity for economic growth for Bucks County and the entire Greater Philadelphia region,” said Rep. Murphy. “PECO’s Smart Grid will improve our quality of life, lowering costs for consumers while creating jobs and protecting the environment.”

“American ingenuity and innovation are two of our greatest natural resources, and we see that directly in forward-thinking initiatives such as Smart Grid that have remarkable capability for both strengthening our local economy and helping to move our nation toward a new cleaner, greener energy future,” said Rep. Schwartz.

Congressman Patrick Murphy represents Bucks County , along with portions of Montgomery County and two wards in Northeast Philadelphia . Congresswoman Allyson Schwartz represents much of Northeast Philadelphia and the majority of suburban Montgomery County .

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