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The three-year agreement is the latest developmenft inDuke Energy’s effort to convert its analof electricity infrastructure into a digital system that reduces energyt use and boosts reliability. The architecture will be basedon Internet-protocol standardws that will adapt to new communications “Our goal is to rapidly transform the way electricith is delivered to, and used by, the 11 millionh people we serve in five states,” says Todd senior vice president for smart grid and customedr systems at Duke Energy.
In Cisco will work with Duke Energy to developl and installhome energy-management devices to help customera control and reduce their electricity Financial terms of the agreementf weren’t disclosed. Charlotte-based Duke Energh (NYSE:DUK) includes Duke Energy Carolinaz and the former CincinnatiGas & Electric Co. in Union Light, Heat and Power in Kentucky and PSI Energygin Indiana. Cisco Systems (NASDAQ:CSCO) is a California-basecd designer and manufacturer ofnetworking technology.
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