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No taxes for BGE, Pepco on fed Smart-Grid grants
March 10, 2010 20:01 EST
BALTIMORE (AP) -- The Department of Energy says Baltimore Gas & Electric and Pepco won't have to pay taxes on federal grants they are receiving to promote smart-grid technology.
DOE said Wednesday that the decision will allow it to move quickly to finalize the grants and ensure their full impact is felt in the communities where the investments are being made.
BGE received the maximum $200 million allowed under the stimulus program aimed at modernizing the nation's power grid. Pepco received $168 million for efforts in the Washington area and at its Atlantic City Electric utility in New Jersey.
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BUSINESS NEWS
WORLD MARKETS
BANGKOK (AP) -- Asian stock markets posted tepid gains today as China's burst of inflation tempered confidence in the regional economic rebound.
CONSUMER INFO
La. senator: Are deaths linked to Chinese drywall?
NEW ORLEANS (AP) -- U.S. Sen. David Vitter is calling on federal officials to do a thorough probe into the deaths of several people who lived in homes built with suspect Chinese drywall. ...
NEW ORLEANS (AP) -- U.S. Sen. David Vitter is calling on federal officials to do a thorough probe into the deaths of several people who lived in homes built with suspect Chinese drywall. ...
SCIENCE/TECH NEWS
IN THE NEWS: A CASE OF THE .XXX
NAIROBI, Kenya (AP) -- A virtual red-light district for the Internet -- a good thing or a bad thing?
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GAY MARRIAGE-ICE CREAM
WASHINGTON (AP) -- Jerry -- of Ben & Jerry's fame -- plans to add a sweet touch to a wedding in the nation's capital today.
