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For Immediate Release
DOE Secretary Chu Announces Award During Visit to Rockville Service Center
WASHINGTON - T he U.S. Department of Energy (DOE) has awarded $4.4 million in federal stimulus funds to Pepco Holdings, Inc. (NYSE:POM) as part of the Smart Grid Workforce Training Grant. This award accelerates PHI toward our goal of establishing a well-trained power sector workforce with the requisite knowledge, expertise and capabilities to not only implement, operate and enhance the Smart Grid, but also to provide sound energy advice to our customers. The awarding of these funds, along with the Smart Grid Investment Grants totaling $168 million, recognizes PHI's position as a leader in Smart Grid deployment.
Joseph M. Rigby, Chairman, President and CEO of Pepco Holdings welcomed the grant saying, "This award represents a continued commitment to accelerate the delivery of Smart Grid benefits to our customers and enables us to more quickly contribute to job creation, job retention and economic recovery through 21st century skills training of PHI employees living and working in the District of Columbia, Delaware, Maryland, and New Jersey."
Specifically, the Smart Grid Workforce Training Grant will be used in three areas: 1) advanced metering infrastructure and customer care training for more than 700 new and existing employees, 2) retraining workers to support Smart Grid technology and 3) creating more than 50 jobs due to the Smart Grid implementation. These efforts will enable PHI employees to manage the full capabilities of the Smart Grid and help customers take advantage of the information and energy opportunities provided by the Smart Grid.
PHI will use the grant to train employees in new roles as energy specialists and energy advisors, as well as to provide enhanced or supplementary training for existing roles such as customer service representatives, billing specialists and distribution engineers. Topics that will be covered in this training include interval billing and dynamic pricing, emerging renewable technologies and energy efficiency opportunities.
P HI's Smart Grid will use intelligent grid sensors and two-way communications to enhance grid reliability, enable customers to move toward energy reduction and improved energy management, optimize asset operations and maintenance, as well as lay the groundwork for wide-scale distributed renewable energy generation, electric vehicle adoption, carbon footprint reduction and less dependency on foreign oil.
Pepco Holdings, Inc. (NYSE: POM) is one of the largest energy delivery companies in the Mid-Atlantic region, serving about 1.9 million customers in Delaware, the District of Columbia, Maryland and New Jersey. PHI subsidiaries Pepco, Delmarva Power and Atlantic City Electric provide regulated electricity service; Delmarva Power also provides natural gas service. PHI provides competitive wholesale generation services through Conectiv Energy and retail energy products and services through Pepco Energy Services.