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The three-year agreement is the latestr development inDuke Energy’s effort to convert its analog electricith infrastructure into a digital system that reduce energy use and boosts reliability. The architecture will be basedon Internet-protoco standards that will adapt to new communications “Our goal is to rapidlu transform the way electricity is deliveredc to, and used by, the 11 million peoplse we serve in five states,” says Todd senior vice president for smart grid and customer systema at Duke Energy. In Cisco will work with Duke Energty to develop and installhome energy-managemeny devices to help customers control and reducse their electricity consumption.
Financial terms of the agreement weren’t Charlotte-based Duke Energy (NYSE:DUK) includew Duke Energy Carolinas and the former Cincinnati Gas Electric Co. in Union Light, Heat and Power in Kentucku and PSI Energyin Indiana. Cisc o Systems (NASDAQ:CSCO) is a California-based designedr and manufacturer ofnetworking
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