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The ink is now dry on an agreement between the DOE and CenterPoint Energy (CNP) for a whopping $200 million grant to accelerate the deployment of their advanced metering system and intelligent grid.  You guys better put that kind of money to good to use!  We’ll all be watching.

“We are very pleased to have finalized this agreement with the DOE to help accelerate the deployment of our advanced metering system and fund the first phase of an intelligent grid,” said Tom Standish, group president of Regulated Operations for CenterPoint Energy. “These funds will help deliver the benefits of smart meters and the intelligent grid to Houston-area electric consumers sooner while reducing the amount that they will have to pay for this significant upgrade to the electric grid.”

The company will use $150 million to continue to deploy smart meters and another $50 million to begin building a self healing Intelligent Grid.  They have installed 267K smart meters so far in the past year and with the DOE funds by 2012 instead of the original plan of 2014.  The hope to complete their intelligent grid by 2013.