10.28.09 Obama Trumpets Energy Grants

 The Obama Administration unveiled $3.4 billion in stimulus grants for advanced electricity grid projects, reports The Wall Street Journal.

The administration Tuesday released a list of about 100 companies and communities in 45 states and territories that will receive federal subsidies to modernize the electric grid. The administration promised the projects would create “tens of thousands of jobs.”

Among the big winners are companies and communities in Florida, which received more than $267 million in grants, and North Carolina, which got more than $400 million, including more than $200 million for units of utility giant Duke Energy Corp., which has supported administration efforts to modernize technology and cap greenhouse-gas emissions.