FROM Fred Fletcher
The Cost of Renewable Energy Last week, President Obama doled out $3.4 billion in federal grants for renewable energy projects including " smart meters ," designed to allow consumers to track the electricity they use and, hopefully, change their habits. They're said to be the first step to what's called a " smart grid ." Twenty million dollars went to Burbank Water and Power , the publicly owned utility in a suburb of Los Angeles. Florida Power and Light also received "smart meter" grants, as well as $200 million for a solar photovoltaic plant, much praised by President Obama. That private company has a subsidiary named NextEra , which is developing solar energy "farms" in Southern California.
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