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MODERN GRID
S T R A T E G Y
Smart Grid: Enabling the 21
st
Century Economy
Presented by Steve Pullins, Modern Grid TeamDecember 2008
1
Funded by the U.S. Department of Energy,Office of Electricity Delivery and Energy ReliabilityConducted by the National EnergyTechnology Laboratory
Governor’s Energy SummitWest Virginia
 
Powering the 21
st
Century Economy
Office of ElectricityDelivery and EnergyReliability
MODERN GRID
S T R A T E G Y
2
This material is based upon work supported bythe Department of Energy under AwardNumber DE-AC26-04NT41817
This presentation was prepared as an account of work sponsoredby an agency of the United States Government. Neither the UnitedStates Government nor any agency thereof, nor any of theiremployees, makes any warranty, express or implied, or assumesany legal liability or responsibility for the accuracy, completeness,or usefulness of any information, apparatus, product, or processdisclosed, or represents that its use would not infringe privatelyowned rights. Reference herein to any specific commercial product,process, or service by trade name, trademark, manufacturer, orotherwise does not necessarily constitute or imply its endorsement,recommendation, or favoring by the United States Government orany agency thereof. The views and opinions of authors expressedherein do not necessarily state or reflect those of the United StatesGovernment or any agency thereof.
 
Powering the 21
st
Century Economy
Office of ElectricityDelivery and EnergyReliability
MODERN GRID
S T R A T E G Y
3
Changing World
Cost of new generation and deliveryinfrastructure is climbing sharply
Changing prices in electricity andnatural gas are challenging the basicutility model
A changing consumer (political) base isreshaping the interaction at the meter
A changing society is generating newpriorities for the entire energy sector
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