Washington, D.C., May 9, 2011 — Pepco Holdings, Inc. welcomes officials from the U.S. Department of Energy to discuss progress on the utility's effort to deploy smart grid, including advanced metering infrastructure — commonly known as smart meters.
"PHI is dedicated to providing its customers with reliable and affordable power," said Joseph M. Rigby, president and chief executive officer of PHI. "With new digital smart meters and the smart grid, PHI's utilities will be able to provide up-to-date energy information and tools that will empower customers to manage their usage while lowering energy costs. Our partnership with DOE has also allowed us to drive new business and jobs in our communities while reducing the cost of this investment to our customers."
PHI has committed over $500 million in capital investments dedicated to the deployment of smart grid technology. PHI received a grant of $168 million from DOE as part of the American Recovery and Reinvestment Act.
The smart grid and smart meters will allow customers to benefit from increased information allowing for better energy management, savings and positive environmental impacts. Of critical importance, it will also allow customers to benefit from better outage detection and faster outage recovery.
Meetings between PHI's leadership and DOE officials will last for two days and cover topics such as PHI's smart grid plans and implementation status, field visits to distribution automation and smart meters installations and a progress report on the Smart Grid Investment Grants.