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Paragon Offshore plc Message Board

  • wareham2620 wareham2620 Oct 28, 2009 7:44 PM Flag

    Good or bad for the div.

    Is our dividend still safe ?

    Progress Energy has won $200 million in federal stimulus money to help fund development of a $520 million electric “smart grid” in the Raleigh-based utility company’s Carolinas and Florida territories.

    The award was among dozens announced Tuesday by President Barack Obama.....

    ...Each of the awardees was required to match (or spend more than) the government handouts....

    A second question, though, is more difficult to answer. Since many of the killer apps of a smarter grid are still unknown, it's hard to know what technologies to implement now. A number of utilities are breathing a sigh of relief that they didn't install previous generations of smart meters, since the current ones offer many more capabilities. But today's meters may become obsolete in a few years, like the original IBM PC did—and utilities may not be able to afford the normal cycle of upgrades and replacement common in the information technology world. The question: Will the benefits be large enough to spur continued innovation and investment?

0.83+0.07(+9.21%)Jul 29 4:05 PMEDT