Obama Pledges $250 Million to Boost Aging U.S. Electric Grid
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The Obama administration outlined a plan to upgrade the U.S. electric grid, providing as much as $250 million in loans for rural towns and urging steps that would bar utilities from using market power to raise prices.
The strategy encourages state and federal regulators to favor “smart-grid” technologies such as advanced meters that can increase energy efficiency. It advises protections for consumers against anti-competitive actions as companies develop services to take advantage of new technologies.