US regulatory boards are following the footsteps of some of the European and Pacific Rim nations in modernization of Electric power system into Power Grid. Government and Private sector is coming together and collaborating in this effort. It is estimated that this conversion would take 20 to 25 years. This process would require the total restructuring of the power system. Power Grid is one the 20th century’s important engineering achievement. During the past decade some of the grid’s physical component has been upgraded and wired. Electricity today is generated at large centrally located plants and then distributed and redistributed to reach consumer homes. The conversion to gird is going to be a tedious process.