CenterPoint Energy, Inc. (NYSE: CNP) announced that their electric transmission and distribution subsidiary, CenterPoint Energy Houston Electric LLC, will receive a $200 million award for its advanced metering system and intelligent grid projects. The federal stimulus grant was given to CenterPoint from the U.S. Department of Energy. CenterPoint Energy Houston Electric will use $150 million of the grant to accelerate the smart meter and associated equipment installation that make up the Advanced Metering System. The remaining $50 million will be used to accelerate the installation of their Intelligent Grid that utilizes the AMS and other technologies to build a self healing grid.
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About CenterPoint Energy
CenterPoint Energy, Inc., headquartered in Houston, Texas, is a domestic energy delivery company that includes electric transmission & distribution, natural gas distribution, competitive natural gas sales and services, interstate pipelines, and field services operations. The company serves more than five million metered customers primarily in Arkansas, Louisiana, Minnesota, Mississippi, Oklahoma, and Texas. Assets total nearly $19 billion. With about 8,800 employees, CenterPoint Energy and its predecessor companies have been in business for more than 135 years.
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