U.S. electrical grid gets $3.4 billion jolt of stimulus funding

President Obama stepped up his promotion of the job-creating potential of the $787 billion economic stimulus package Tuesday, announcing $3.4 billion in grants to improve the nation's electrical grid. The federal money will pay for "smart meters," updated transformers and other devices to make the transmission of power more efficient and reliable. Obama called the grants the largest investment in energy-grid modernization in U.S. history.

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