US energy delivery company Pepco Holdings awards smart grid contracts

US energy delivery company Pepco Holdings, Inc. has acquired the first of what could be nearly 2 million smart meters for installation in the homes and businesses of customers in three states and the District of Columbia over the next five years. The new digital meters are a component of PHI's plan to build a smart grid network that could eventually serve the company's 1.9 million customers in Delaware, the District of Columbia, Maryland and New Jersey, the company said.