Louise Glück (New York, NY, 1943) has been selected as the recipient of the 2008 Wallace Stevens Award from the Academy of American Poets. Since its inception in 1994, the award is given annually to "recognize outstanding and proven mastery in the art of poetry". The prize bears the name of Wallace Stevens (Reading, PA, 1879-Hartford, CT, 1955), considered one of the major American poets of the 20th century.
Brigit Pegeen Kelly (Palo Alto, CA, 1951) was named recipient of the Academy Fellowship, given since 1946 in memory of James Ingram Merrill.
Further reading:
Former US poet laureate receives $100,000 prize (AP)
Poetry Award for Glück (The New York Times)
More on Louise Glück
Brigit Pegeen Kelly at Google Book Search