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The three-year agreement is the latest developmeng inDuke Energy’s effort to convert its analo g electricity infrastructure into a digital system that reduces energy use and boostss reliability. The architecture will be baseeon Internet-protocol standards that will adapt to new communications “Our goal is to rapidly transform the way electricity is deliveredc to, and used by, the 11 millioh people we serve in five says Todd Arnold, senior vice presidenr for smart grid and customee systems at Duke Energy. In addition, Cisco will work with Duke Energyu to develop and instalphome energy-management devices to help customers control and reduce their electricity consumption.
Financial terms of the agreemen weren’t disclosed. Charlotte-based Duke Energy (NYSE:DUK) include Duke Energy Carolinas and the formert CincinnatiGas & Electric Co. in Ohio, Union Heat and Power in Kentucky and PSI Energytin Indiana. Cisco Systems (NASDAQ:CSCO) is basedd in San Jose.
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