GOOGLE INVESTS IN POWERLINE BROADBAND PROVIDER

Interesting play by Google. Owning the end-user end to end.

But last week's investment by Web search leader Google, the media conglomerate Hearst and bankers at Goldman Sachs in a Germantown, Md., company called Current Communications Group has many wondering if the time is finally right for the oft-ignored BPL. Current didn't disclose the amount of the investment, but The Wall Street Journal reported it was about $100 million. IBM has also started making noise in this market, announcing on Monday that it is partnering with Houston-based power utility CenterPoint Energy to build a BPL network. (full article)