In New York State, up to 10% of total electrical energy generated is lost in transmission and distribution networks before getting to the customer. Over the past 10 years, electric utilities operating in New York State have spent $17 billion to maintain its electric power grid. That cost is predicted to jump to $30 billion over the next decade. Investments in smart grid technologies can improve efficiency and delivery, reduce the severity of unplanned outages, and accommodate a diverse supply of clean energy generation sources and transportation. A smart grid is systematically modernized with advanced equipment and automated data collection and communications technologies.