Press Release:Duke Energy Indiana Proposes Sweeping Modernization of Its Power Delivery System

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http://www.duke-energy.com/news/releases/2008052702.asp?sec=content

Duke Energy Indiana Proposes Sweeping Modernization of Its Power Delivery System

May 27, 2008
PLAINFIELD, IND. - Duke Energy Indiana today proposed a sweeping modernization of its power delivery system including the installation of more than 800,000 new digital “smart meters” – one for virtually every home and business in each of the 69 counties served by the state’s largest utility.

The five-year initiative – called “Smart Grid,” referring to the power delivery system – would employ extensive digital and other advanced technology to save energy, bolster system reliability and improve customer service.

The multi-pronged initiative would allow the company to reduce voltage levels along its power delivery system with no customer service impact, saving enough energy to power 40,000 homes for a year.

The initiative also would allow the company to potentially lessen the frequency and duration of power outages.

In addition, the Smart Grid initiative includes a proposed demonstration project that would place electricity-generating solar panels or other renewable energy sources on the property of interested customers.

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