On August 8, The New York Independent System Operator (NYISO) announced a $74 million “smart grid’’ project involving the installation of capacitor banks and phasor measurement units on the bulk transmission system throughout the state. The project, half of its funding coming from DOE, is expected to save the state $9 million in energy costs per year once finished by improving the efficiency of the transmission system thereby reducing the amount of electricity that is lost when carried over long distances. These phasor measurement units (PMU), used to detect abnormal waveforms in the transmission system, will improve the visualization capabilities and situational awareness of grid operators. DOE’s funding for these kinds of projects is allowing independent system operators, transmission companies, and other utilities across the U.S. to install over 800 networked PMUs. The smart grid initiative will coincide with the construction of a new NYISO control center outside of Albany.