Southern Company (NYSE: SO) has been awarded a $165 million stimulus funds as part of Obama's plan to invest $3.4 billion to begin the transition to a smarter energy grid. Southern Company received the grant to integrate smart-grid technology into its transmission and distribution system. This will enable the reduction of the loss of electricity as it moves from the generating plant to homes and businesses, better locate the area of an outage before dispatching crews, and improve monitoring and control capabilities of the system while enhanced proven grid reliability.
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About Southern Company
With 4.4 million customers and more than 42,000 megawatts of generating capacity, Atlanta-based Southern Company (NYSE: SO) is the premier energy company serving the Southeast. A leading U.S. producer of electricity, Southern Company owns electric utilities in four states and a growing competitive generation company, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and retail electric prices that are below the national average. Southern Company is consistently listed among the top U.S. electric service providers in customer satisfaction by the American Customer Satisfaction Index (ACSI).
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