CoServ Electric will receive $17.2 million in federal support to give consumers more control over their electric usage.
The electric cooperative serving Lantana and other areas of Denton county was recently notified by the U.S. Department of Energy that its Smart Grid Investment Grant application was one of only 100 selected nationwide.
CoServ officials said that the grant money is aimed at modernizing the power grid, including the installation of smart meters, a two-way communication network, and computer systems dedicated to distributing accurate information about electricity consumption.
“The stimulus funds were offered to advance smart grid technology, and we are privileged to have the opportunity to help develop tools that allow CoServ members and other electric consumers nationwide to manage their energy use and save money,” said CoServ Senior Vice President Curtis Trivitt.
The funds are part of $3.4 billion in Smart Grid grants across the nation – the largest awards made in a single day from this year’s American Reinvestment and Recovery Act.