This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

FortisBC Selects Itron As Supplier Of Advanced Metering Solution

Itron, Inc. (NASDAQ: ITRI) announced today that FortisBC Inc. has selected Itron’s smart grid solution, consisting of advanced metering, network communications and software systems, to support the utility’s Advanced Metering Infrastructure (AMI) project. The solution will enable FortisBC, an integrated energy solutions provider serving approximately 162,000 electricity customers in the southern interior of British Columbia, to modernize its electrical grid to deliver electricity more efficiently and reliably.

The project, which still requires approval from the British Columbia Utilities Commission, includes 115,000 Itron advanced meters operated over a multi-application IPv6 communication network based on Cisco’s GridBlocks TM architecture. In addition, FortisBC will install Itron’s meter data management and data presentment software for the processing and analysis of meter and other utility-related data, providing a cost-effective, end-to-end solution from a single supplier. The contract is worth approximately $21 million and installation is expected to be complete by the end of 2015.

“At FortisBC, meter reading has largely been a manual process. Itron’s smart grid solution will help us build a more secure and reliable grid, enabling key programs for consumer engagement and grid efficiency,” said Mark Warren, director of customer service at FortisBC. “In addition, we see great value in the Itron-Cisco IPv6 architecture and its ability to adapt to future smart grid requirements.”

The smart grid solution is designed to address the challenges utilities are facing with their existing electrical grids. It will allow FortisBC to implement consumer engagement programs and give utility customers greater control of their energy use. Customer services representatives will have access to granular meter data, enabling them to more quickly and easily resolve billing disputes and improve customer satisfaction. Moreover, with capabilities such as outage notification and theft detection, FortisBC will realize operational savings and greater system efficiency.

“Itron is helping build the smartest grids in the world. We are excited to help FortisBC realize the benefits of a more intelligent electrical grid, ensuring efficient and reliable service to their customers and building sustainable operations for years to come,” said Mark de Vere White, senior vice president of Itron Energy Group in North America.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 16,790.19 +13.76 0.08%
S&P 500 1,979.92 -7.13 -0.36%
NASDAQ 4,748.3610 -32.9030 -0.69%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs