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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.....

    http://triangle.bizjournals.com/triangle/stories/2009/10/26/daily24.html?ana=yfcpc

    ...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?

    http://www.businessweek.com/technology/content/oct2009/tc20091027_594339.htm

 
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