The latest news from IBM (NYSE: IBM):

The company that runs much of the electric distribution system in Vermont is joining with IBM to build a fiber optic control system designed to make the electric system more efficient and reliable.

IBM and the Vermont Electric Power Co. announced Tuesday that they had reached an agreement to build what they call an intelligent fiber optic communications and control network across the state.

“This network will increase grid reliability, enable smart grid communications and help build the economic development platform necessary to create sustainable jobs,” Gov. Peter Shumlin said. “It’s another concrete step toward our long-term goal to make Vermont a national model for energy policy.”

The companies say IBM will provide project management and networking services. The system will provide two-way communications capability to relay information back to the utility about electrical usage, existing or potential outages and equipment performance.

The system will span more than 1,000 miles and connect transmission substations to distribution utilities.

The companies didn’t say how much the project would cost, when construction would begin or how long it would be before it is operational.

In other IBM news:

  • IBM teams with smartphone maker HTC to bring Android phones to businesses.

Read more details here.

  • IBM rolls out Netezza Analytics appliance geared to retailers.

Read more details here.

IBM employs some 10,000 people across North Carolina.

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