posted by GeoT
Oct. 27– President Barack Obama today will announce $3.4 billion in government grants for equipment to improve the efficiency of the nation’s electrical transmission network.The grants, ranging in size from $400,000 to $200 million, will be used to develop and install “smart-grid” technology to make electricity transmission more reliable and aid the transmission of energy generated from sources like wind and solar power.
“The current system is outdated and dilapidated,” Carol Browner, the White House’s top energy adviser, said in a conference call with reporters late yesterday. “Today’s grants “will give us a transformational impact on how electricity is generated, delivered and consumed,” she said.
The money comes from the $787 billion economic stimulus legislation approved by Congress in February. Jared Bernstein, chief economic adviser to Vice President Joe Biden, said during the conference call the grants will “save or create tens of thousands” of jobs.
Bernstein said Oct. 15 the stimulus legislation has created or saved about 1 million jobs since it was enacted. The nation’s unemployment rate rose to 9.8 percent last month, and the president has said he expects it to exceed 10 percent before it starts coming down.
Solar Power Plant
Obama will announce the grants today in Arcadia, Florida, at one of the nation’s largest solar power generating facilities. Florida Power & Light Co.’s DeSoto Next Generation Solar Energy Center will generate enough power for 3,000 homes when it is completed