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The electric grid of the future is required to become smarter so as to provide an affordable, reliable, and sustainable supply of electricity. Under such circumstances, considerable research activities have been carried out in the U.S. and Europe to formulate and promote a vision for the development of the future smart electric grid. However, how to achieve those smart features has been less reported. This article aims at identifying several specific areas of application of computational intelligence techniques in the smart electric grid of the future. The computational intelligence techniques that are capable of achieving certain favorable features of various components in a smart electric grid are elaborated.