CHICAGO--(BUSINESS WIRE)--In the recently released 2014 Grid Modernization Index (GMI), Illinois ranked as the number three state in the nation based on its progress in modernizing its electric systems with smart grid technologies. The report, produced by the GridWise® Alliance and the Smart Grid Policy Center, evaluates and ranks states based on their progress in modernizing their electric systems with smart grid technologies. The GMI applies a clearly defined set of criteria to evaluate the p