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Officials in Leesburg, Fla., have renegotiated a contract with GE for the city's smart grid deployment, which has been hobbled with problems and criticism for the last two years.

According to the Orlando Sentinel, city officials voted to extend GE's contract with Leesburg until 2026 - five years longer than originally specified - in order to afford the company more time to roll out the full complement of services associated with advanced metering infrastructure (AMI). In turn, GE has cut $2 million off the project's price tag, which will ultimately cost about $22 million.

All of the city's smart meters were installed by July 2012, which was still two years later than originally anticipated.

Read the full article here.

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