Southern Company Completes $363 Million Smart Grid Investment

Southern Company (NYSE: SO  ) announced today that it has fully completed its $363 million smart-grid-investment project. Southern Company has been working on the improvements since 2009, when it received a $165 million Department of Energy grant to kick-start the initiative.

Smart-grid technology has allowed the utility to improve reliability while saving money. This technology is crucial to decentralized power-generation systems, and also aids in the preservation and/or swift recovery of power systems after disturbances like last week's polar vortex.

"As an industry leader in developing and deploying new technologies, Southern Company is committed to advancing our critical infrastructure and providing value to our customers," said Kimberly Greene, president and CEO of Southern Company Services. "The projects funded through the Smart Grid Investment Grant are enhancing our ability to efficiently and reliably meet customers' needs."

According to the report, the upgrades have already saved Southern 84,900 truck trips for service calls, contributing to more than $5 million in cost savings.

link


Read/Post Comments (0) | Recommend This Article (3)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2793201, ~/Articles/ArticleHandler.aspx, 10/23/2014 6:01:49 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Apple's next smart device (warning, it may shock you

Apple recently recruited a secret-development "dream team" to guarantee its newest smart device was kept hidden from the public for as long as possible. But the secret is out. In fact, ABI Research predicts 485 million of this type of device will be sold per year. But one small company makes Apple's gadget possible. And its stock price has nearly unlimited room to run for early-in-the-know investors. To be one of them, and see Apple's newest smart gizmo, just click here!


Advertisement