The initiative, called "Energy Smart Miami," would help Miami-Dade County consumers save money by giving them more choices over how they consume and conserve electrical power.

It would also generate near-term demand for "green collar jobs" to support its implementation, while further solidifying Miami's national leadership in championing the responsible environmental practices needed to address the longer-term challenge of addressing climate change, which poses a significant threat to Florida and its coastal regions.

Energy Smart Miami has the potential to be the most extensive and holistic Smart Grid implementation in the country. The backbone of Energy Smart Miami will be the deployment of more than 1 million advanced wireless "Smart Meters" to every home and most businesses in Miami-Dade County.

These meters will give Florida Power and Light Company (FPL) customers more information and control over their electricity usage while also providing FPL with information that will enhance system efficiency and reliability. Implementation of the Smart Meters will be based on open network architecture, allowing other providers to develop and deploy new applications that could, for example, help consumers better manage the electricity usage of their air conditioning and appliances.

"The Energy Smart Miami Initiative is an investment in the future of our city, our residents and our neighborhoods, and is an important step toward creating the green jobs of the future and building a clean energy economy," Mayor Diaz said.

"This initiative will contribute to the Obama administration's goals of investing in alternative and renewable energy, ending our addiction to foreign oil, addressing the global climate crisis and creating millions of new green jobs. I look forward to working with our partners in the private sector to create a model of putting the economic stimulus plan in action and breaking ground right away."

The project's sponsors are proud to have the support of South Florida native Carol Browner, the former Environmental Protection Agency Administrator who now serves as President Barack Obama's point person on energy and climate change and U.S. Representative Kendrick Meek of Miami, among others.

"With the Recovery Act, President Obama demonstrated his commitment to developing a bigger, smarter, stronger electric grid that will not only reduce our energy costs but also reduce our energy use," Browner said.

"There's no time to waste. It's time for action. I commend Mayor Diaz for creating a plan that will put these recovery dollars to work and make Miami a Smart Grid model for cities across our country. With projects like Energy Smart Miami, we can stimulate the economy today and build a brighter, cleaner tomorrow. It's truly a win-win for Miami and for America."

"The benefits of the federal stimulus are two fold here in Florida; it will help revive our state's economy by assisting families who are facing unprecedented financial challenges. It will also lay the foundation for a more prosperous future," Meek said.

"By investing economic stimulus funds in Smart Grid technology, Energy Smart Miami is breaking new ground. Miami-Dade County consumers will be equipped with information that can ultimately help them save money while also giving them more control over their electricity usage."

Energy Smart Miami represents an alliance of local government and nationally recognized energy leaders. Joining the Mayor at Miami Dade College's downtown campus for the announcement today were FPL Group Chairman and CEO Lewis Hay III, GE Chairman and CEO Jeffrey R. Immelt, Cisco Systems Chairman and CEO John T. Chambers and Silver Spring Networks Chairman, CEO and President Scott Lang.

Florida Power and Light Company, a subsidiary of FPL Group and the nation's No. 1 utility in energy efficiency programs, is leading the strategy and deployment of Smart Grid technologies for the project. Florida Power and Light provides electricity to 4.5 million customer accounts in the state of Florida, including more than 1 million in Miami-Dade County.

GE, a world leader in power generation, distribution, and management technology, will supply key components of the project, which include Smart Meters and may extend to advanced applications and smarter control systems. Silver Spring Networks, a leading provider of networking solutions for the electric grid, will provide field proven, open standards-based, secure wireless network communications.

Cisco, the worldwide leader in networking technologies, will help design and implement a secure and intelligent communications platform within the county's transmission and distribution grid and provide customers with home energy management information and controls.

"Through Energy Smart Miami, FPL will significantly accelerate and expand our capital investment program to help Miami-Dade County customers more quickly realize the benefits of an intelligent electrical infrastructure. The City of Miami is a natural focal point given the Mayor's longtime environmental advocacy and leadership," said FPL Group's Lew Hay.

"However, Energy Smart Miami represents the beginning, not the end, as it is the cornerstone of a $700 million investment in Smart Meters to every residential FPL customer in Florida."

"GE is committed to delivering energy-efficient technologies to ensure a more sustainable energy future. Energy Smart Miami will be an outstanding example of 21st century technology enabling our vision of a more diverse energy portfolio supported by a dynamic, flexible and smarter energy grid. We congratulate the mayor and citizens of Miami for committing to a cleaner, energy-efficient future. This is a great example for cities across America - and the world," said GE's Jeff Immelt.

"An intelligent energy infrastructure can accelerate American leadership, create jobs, help increase our standard of living and drive sustainable growth," said John Chambers of Cisco.

"Cisco believes that as the U.S. builds out a smart, secure energy grid for the 21st century, networking technology will serve as the platform and public-private partnerships will be key to the success. We are proud to be part of this important effort in Miami."

"Silver Spring Networks has built the leading open networking platform for the Smart Grid, and we are honored to broaden the scope of an already successful partnership with Florida Power and Light through Energy Smart Miami," said Silver Spring Networks' Scott Lang. "Through the leadership of Mayor Diaz and Mr. Hay, Energy Smart Miami will empower the people of Miami for years to come."

Energy Smart Miami is estimated to generate demand for 800 to 1,000 jobs, both directly and indirectly involved in the deployment, during the two-year implementation period. The initiative includes a wide range of technologies that improve electricity delivery and help customers better manage their electricity usage. Highlights include:

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