Smart Grid technology could be coming if the Lincoln Electric System receives $33.5 million in stimulus funds from the U.S. Department of Energy.

Smart Grid technology uses specialized software and meters to collect data on how - and when - customers use electricity in their homes and businesses.

Customers then receive information in their homes - via a small LCD screen - and can adjust their electricity use to save money.

A utility also can use the data to conserve energy, and hopefully, delay construction of new power plants.

"Smart Grid technology is the future for electric utilities," said LES administrator and CEO Doug Curry. "Our consumers can make more informed choices about their use of energy so they can reduce their costs and their impact on our environment."

Todd Hall, vice president of consumer services for LES, said the technology creates a "more dynamic relationship" between a utility and its customers.

Hall emphasized LES would not control the energy use of any household or business. He said the system empowers customers to make their own choices.

The U.S. Department of Energy is making $4 billion available in stimulus money through a nationwide competitive grant process to help utilities implement Smart Grid technology.

LES plans to submit an application soon for a system that would cost $67 million. The federal agency would pay half; LES would have to pay $33.5 million.

Hall asked the LES board to authorize the utility's management to submit an application with the understanding the utility is not obligated to participate in the program. The board did so Friday. He said LES is just getting in line for funding.

If LES gets the stimulus money, it plans to integrate technology over three years, Hall told the board.

Hall said it would cost about $11 million per year and represent about a 20 percent increase in the utility's annual capital improvement budget.

LES plans to ask the City Council and Mayor Chris Beutler for their support. LES has assembled a 12-member in-house team to work on the application, which it will submit Aug. 6.

Reach Algis J. Laukaitis at 402-473-7243 or alaukaitis@journalstar.com.