North Carolina to receive $13B electric grid boost
USA, North Carolina: Duke Energy has announced plans to invest $13 billion in modernizing North Carolina’s electric grid, which will also generate 14,000 new jobs over 10 years.
Investments include $2.2 billion on transmission upgrades, $3.5 billion on distribution level reconstruction, including retrofitting 400,000 transformers, and nearly $5 billion to bury certain power lines, reports Utility Dive.
The proposal also includes almost $1.3 billion for automation, control and connectivity enhancements. According to Duke, once the plan is fully executed, more than 80% of North Carolina customers will be connected to a “self-optimizing grid”.
The projects will also include physical and cyber security enhancements that will protect against hackers, animal intrusions and vandalism. The company will spend about $550 million on advanced metering, and roughly the same amount on communications upgrades, including upgrading its network from 2G/3G to 4G LTE for transmission and distribution line devices.
Source: Utility Dive