The table below describes the current funding profile for OE's ARRA programs.
• Table 1: ARRA Funding Amounts by GRPA Unit
| ||GPRA Unit Name||Funding ($M)|
|New|| Grid Modernization||4,500|
The balance, $490M, is currently unallocated while the proposed activities are being fully developed.
Making investments to modernize the Nation’s electricity grid, securing a diverse and stable supply of reliable energy, and increasing efficiency are central to the Administration's effort to increase energy and economic security. OE is building upon its established program with new activities designed to support the implementation of “Smart Grid” technology. These activities, described below, work together synergistically to maximize the impact on the Nation’s grid and advance the Administration’s goals. The final activity is “Program Direction”, which provides the cost-effective framework for the execution of the other activities.
Smart Grid Investment Grant Program [Energy Independence Security Act (EISA, Sec. 1306)]: $3.3 billion is currently targeted for a competitive, merit-based matching grant program to stimulate investments by electric utilities and other entities for the deployment of Smart Grid technology.
Smart Grid Regional and Energy Storage Demonstration Projects (EISA, Sec. 1304): $700 million is currently targeted to fund competitively awarded financial assistance projects for 1) regionally unique Smart Grid demonstration projects, 2) phasor measurement system demonstration and testing for a wide area, real time measurement and control network, 3) electrical energy storage demonstration and development projects and 4) demonstration and development projects for Smart Grid technologies.
Interoperability Standards and Framework (EISA, Sec. 1305): $10 million will support the development of interoperability standards and a framework to ensure effective and consistent application of Smart Grid technologies.
Program Direction: $22.5 million will be spent by OE in order to fully manage, oversee, and properly execute the Recovery funds as intended and according to the OMB and DOE reporting requirements. Until the enactment of the Recovery Act, OE has operated under an annual funding of approximately $137 million. The Recovery Act provides an additional $4.5 billion in FY 2009, which is about 33 times more than OE’s annual appropriation. For Program Direction, OE has prioritized a number of Smart Grid initiatives to be funded by the Recovery Act that leverage existing departmental and office resources and systems, and ensures maximum effectiveness and transparency.