This document provides an overview of smart management of electric power grids. It discusses how smart grids use two-way communication between utilities and users to create an automated and distributed energy network. Key components of smart grids include smart meters that monitor energy usage in intervals and can remotely control appliances, information transfer networks to share data, and distributed generation from sources like solar panels. The document outlines benefits like improved reliability, efficiency, and ability to incorporate renewable energy through advanced monitoring and control enabled by smart grid technologies.