CenterPoint Energy (CNP) Granted $200 Million Award From U.S. Dept of Energy
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CenterPoint Energy, Inc. (NYSE: CNP) announced that its electric transmission and distribution subsidiary, CenterPoint Energy Houston Electric LLC, has been notified by the U.S. Department of Energy (DOE) that it has been granted a $200 million award for its advanced metering system and intelligent grid projects. This award is contingent on successful negotiation with the DOE.
CenterPoint Energy Houston Electric will use $150 million of the grant to accelerate its current smart meter and associated equipment installation that make up its Advanced Metering System (AMS). The remaining $50 million will be used to accelerate the installation of the first phase of CenterPoint Energy Houston Electric's Intelligent Grid that utilizes the AMS and other technologies to build a self-healing grid, and improve operational efficiency and reliability.
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