
Smart Grid, Smart Move, Not-So-Smart Investment

By Daniel Dicker
About this article:
This story is being published as an exclusive preview for RealMoney readers; it will be published on TheStreet.com later today.
President Obama on Tuesday unveiled a $3.4 billion program of infrastructure spending for "smart-grid" technology. Let's talk about what this means for national energy policy and, of course, whether there's a trade in the offing to take advantage of this rather large investment of public capital.
"Smart grid" is a phrase used to describe the installation of meters and timers in homes and businesses, so that electricity usage can be monitored and more efficiently allocated. Right now, the domestic electricity consumer has very little idea where he's using his power and what it's costing him -- all he normally gets is a monthly bill, most often based on an averaged amount. Smart grids will inform the consumer where, precisely, he is spending his money and how he...

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