OG&E (OGS) Selects GE Energy (GE) and Silver Spring Networks for Positive Energy Smart Program
OG&E (NYSE: OGE) announced today it has entered into agreements with General Electric Energy, a subsidiary of GE (NYSE:GE), and Silver Spring Networks to handle key aspects of its Positive Energy Smart Grid Program to begin with full deployment in Norman, Okla. next year.
GE will provide the 42,000 smart meters in Norman, Okla. The digital devices will measure electricity use in the home or business and transmit the information to OG&E for billing and service monitoring. The information will be communicated via Silver Spring Networks' Smart Energy Network, a secure, IP-based network. In the summer of 2008, OG&E began working with GE and Silver Spring Networks for its pilot study of smart grid technology with 6,600 customers in Oklahoma City.
OG&E received notice on Oct. 27 that its application for $130 million in smart grid stimulus funds has been approved, pending negotiations with the Department of Energy in November. The company will seek state regulatory approval for recovery of the remaining costs of the almost $300 million deployment across its entire service territory over the next three-five years.
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