Facebook
Fark
Digg
Reddit
Stumble
Labor Secretary Hilda Solis answers a question from a reporter following a tour of a NV Energy facility Wednesday, Oct. 28, 2009. Solis announced the award of $138 million in federal stimulus funds to NV Energy for smart grid technology. The money will fund a three-year project to replace electric meters with “smart” meters. Behind Solis is Michael Yackira, president and CEO of NV Energy.
Wednesday, Oct. 28, 2009 | 2:12 p.m.
Labor Secretary Hilda Solis is confident that the clean energy economy will create tens of thousands of jobs, most of which will be long-term careers, she said today in Las Vegas.
Solis was in town to tour an NV Energy building before announcing $138 million in stimulus funds awarded to the utility.
NV Energy was one of 100 companies to receive a portion of $3.4 billion in stimulus funds directed toward smart grid investment. The utility will match the funds with $160 million to install smart meters and develop a smart grid in the state.
NV Energy CEO Michael Yackira said he expects installation of the smart meters to start late next year. He expects the company to hire about 200 workers to install the 1.45 million meters.
“Our project will enable our customers to have more control over their energy usage and provide real-time information on energy pricing and consumption,” he said. “This has the potential to provide dramatic change in the way we interact with our customers and the way we run our operations.”
The grant and the smart grid installation will have to be approved by the state’s Public Utilities Commission.
During the tour, Solis was shown a dispatch center that monitors the Las Vegas Valley’s electrical grid, as well as a space where electricians and apprentices refurbish old electrical meters, and test digital and new smart meters.
“America can’t build a 21st century clean energy economy without a smart, strong and secure electricity delivery system,” Solis said following the tour. “It’s a good message to be able to tell homeowners and people, senior citizens and disabled, and young families, you know, there’s going to be a turnaround here shortly. We’re going to try to help you reduce your energy consumption, and the cost, so that you can continue to have a quality of life.”
Because workers will be needed to install not only the smart grid technology, but also renewable energy infrastructure throughout the U.S., she said her department is working closely with the Energy Department to get workers trained.
“(Smart metering) is going to create more jobs, better jobs, and hopefully incentivize other states that haven’t participated to get on the ball,” Solis said, adding that the $3.4 billion investment in smart grid technology is the largest of its kind in U.S. history. She said she expects to see job creation related to this investment as early as February.
All but one state, Alaska, will be receiving some portion of the $3.4 billion set aside by the Recovery Act.
The biggest threat to America's power grid?
See:
http://notionscapital.wordpress.com/2009...
smart meters?
will they control your electricity...will NV be able to control your thermostat...
more govt control over your life....its coming..
Free money. Thank you Mr. President. All this free money is fixing the economy in Nevada. Thank you harry Reid and your partner in this great economy Nancy Pelosi.
We are so grateful for all the free money coming in to help us all.
As the next election draws closer, people will see these 'gifts' (gimmicks for buying votes) become more visable in anticipation of supporting "Dirty Harry". It's been in the plans. Don't take the bait. Vote Independant
Criminals on parade
Sorry wizard. I don't know either. Ask Obama! He wasn't joking when he declared "Change".
"Labor Secretary Hilda Solis is confident that the clean energy economy will create tens of thousands of jobs"
Every "new" job is a result of losing 2 or 3 "old" This is Obama math.
What i would like from the PUC is a gurantee that NV engery will not be able to even ask for a rate increase for the 160 million that NV engery has to put up
Look at the numbers, follow the monies, see the salaries, rose colored or not it still is ruse. A ruse is a ruse, a ruse of any other color is still a ruse and just as nice.
NV Energy, Inc., formerly Sierra Pacific Resources, incorporated on December 12, 1983, is an investor-owned holding company. The Company has six primary, wholly owned subsidiaries: Nevada Power Company (NPC), NV Energy, Sierra Pacific Power Company (SPPC), Sierra Pacific Communications, Sierra Pacific Energy Company, and Lands of Sierra. NPC and SPPC are referred to collectively as the Utilities.
"The stimulus grants included $138 million for NV Energy, which plans to match it with $160 million and make smart-grid infrastructure improvements and install more than a million smart meters". "NV Energy CEO Michael Yackira (salary 4,000,000) said he expects installation of the smart meters to start late next year. He expects the company to hire about 200 workers to install the 1.45 million meters".
Grant 138 mil. plus match 160 mil. equals investment 298 mil.
200 worker at 3,000 per month equals 600,000 per year salary expense
Two workers per team divide 200 equals 100 teams
Three conversions of meters per day equal 300 meters
300 meters times five days equals 1500 meters per week
1.45 mil metter divided bt 1500 metter per week equals 966 weeks work
966 weeks divided by 52 weeks equals 18.6 years
600,000 salary per year times 18.6 years equals 11,160,000 mill
1.45 mil. Meters times 10 dollars cost of each meter equals 14,500,000 meter expense
11,160,000 worker wage plus 14,500,000 meter product expense equals 25,660,000 programme cost
298 mil. minus 25,660,000 equals 272,340,000 gross profit for the programme
272,340,000 divided by 18.6 years equals 14,641,935 per year return
Cut the pie eight ways, one for each subsidiary and two for NV Energy, Inc boys in LV.
Two mil. per year each subsidiary, LV NV Energy CEO Michael Yackira and boys four mil. per year split.
I would go on, but Greed, for lack of a better word is just business as use-u-all.
http://www.reuters.com/finance/stocks/co...
http://www.reuters.com/finance/stocks/co...
It would even be cheaper if we use illgals to do the work.
It's not the illegals eatting away at America it is being done from the inside.
Have a nice day