The document discusses the smart grid, which represents an opportunity to improve reliability, availability, and efficiency of the energy industry. It will allow for more efficient transmission of electricity, quicker power restoration, and lower costs for utilities and consumers. A smarter grid can provide benefits like self-healing capabilities, predicting severe weather, detecting overloads, and making appropriate corrections. This can reduce operations, generation, and maintenance costs for utilities. Upgrades may save 3-7 times the initial investment within a few years due to lower emissions and savings of over $3 billion per coal power plant per year.