Released: October 27, 2009

Millions of homes to get smart meters

Source: Steve Hargreaves, CNNMoney

Some 18 million smart meters are set to make their way into American homes as part of the economic stimulus plan focusing on energy efficiency, Energy Department officials said Tuesday.

The meters, which are designed to more effectively communicate with utilities and appliances, and help consumers manage their electricity more efficiently, are being distributed by utilities around the country with partial funding from the federal government that was allocated under the stimulus plan.

The smart meters are part of a wider government effort to upgrade the nation’s aging utility grid.

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