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White House Urges More Investment In US Electric Grid

By Keith Goldberg (August 12, 2013, 2:49 PM EDT) -- The Obama administration on Monday called for additional investment to upgrade the aging U.S. electric grid in order to protect it from power outages caused by natural disasters, saying weather-related outages have cost the U.S. economy between $18 billion and $33 billion annually over the last decade....

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