These new power meters will be installed by DTE Energy, who also received millions in grant money from the same department to accelerate installation of the meters. These meters allow them to remotely monitor residential power use and respond more quickly to outages.
Supposedly, they will create more jobs in the field of meter manufacturing and save energy by reducing carbon emissions and fuel consumption.
In addition to federal funding, Whirlpool will likely also participate in a cash-for-clunkers program. Sponsored by the Obama administration, this program will give consumers incentives to buy new energy efficient appliances.
This is a classic example of how business grants given to one or two major corporations can stimulate the economy for everyone, and even create potential business opportunities for small businesses.
