Honeywell and power management company Stor Generation Ltd. launched a new smart grid program in the U.K. The companies will use Honeywell technology to temporarily trim energy use in commercial and industrial facilities, combining the excess power to help stabilize the electrical grid, and address country-wide carbon reduction and renewable energy commitments. Under the program, Stor Generation will pay facility owners to lower consumption when the call for electricity starts to outpace what power plants and renewable resources are able to produce.

South Carolina Electric & Gas (SCE&G) and Santee Cooper established an agreement for SCE&G to acquire from Santee Cooper a 5 percent ownership interest in the two new nuclear units which are currently under construction at V.C. Summer Station in Jenkinsville, S.C. Under the terms of the transaction, SCE&G will own 60 percent of the new nuclear units and Santee Cooper, 40 percent. The purchase price is anticipated to be approximately $500 million for the entire 5 percent interest based on current project cost.

EDF Renewable Energy announced a 20-year PPA with Southern California Edison (SCE), contracted through the California Renewable Auction Mechanism (RAM) competitive procurement program, for 19.8 MW wind project. The Patterson Pass Wind Project is a repowering effort whereby older technology is upgraded allowing for increased generation of clean energy with fewer wind turbines. Approximately 300 Nordtank and Bonus 65kW turbines, originally installed in 1985, will be removed as part of the development process.

Salt River Project (SRP) signed a long-term agreement with Landis+Gyr to update and expand its advanced metering and prepay technology in a phased, 10-year installation across their service territory. The utility plans to deploy Landis+Gyr's Gridstream RF network beginning this summer to support ongoing improvements to the technology used by its 142,000 prepay customers. SRP will begin installing more than one million Landis+Gyr E350 AX-SD meters to provide both credit and prepayment options for all their customers.