Posted: Aug 15, 2010 1:03 PM
Source: Associated Press
Cleco Corp. says its 277,000 customers will have a better idea of where they're spending their energy budget once "smart" meters are installed.
President and Chief Executive Officer Mike Madison tells The Town Talk that the Pineville-based utility wants to put $52.9 million of its own money and a $20 million federal grant into the
The company is waiting for word from the Louisiana Public Service Commission, which was sent an application on June 9.
The meters are designed to keep track of daily usage. That means that if someone thinks a bill is too high, service representatives can show them which days their usage spiked.
They also send signals during power outages, helping to identify the cause and showing which customers don't have power once it is restored to an area.