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Itron Awarded One Of The Nation’s Largest Natural Gas Metering Contracts

Itron, Inc. (NASDAQ:ITRI) announced today that Southern California Gas Company (SoCalGas) will install nearly 1.5 million Itron gas meters and more than 600,000 gas regulators as a part of its advanced metering project. Meter installation will begin in the fourth quarter of 2012.

“Itron is proud to work with SoCalGas, a leader in natural gas distribution, as it upgrades its natural gas metering system,” said Philip Mezey, Itron president and chief operations officer of Energy. “Itron’s gas metering expertise and depth of industry knowledge helps natural gas utilities like SoCalGas meet their business needs.”

The contract includes a minimum of 1.2 million residential gas meters, 200,000 residential curb meters and 50,000 light commercial meters for accurate measurement of gas usage as well as 500,000 regulators and 105,000 curb regulators. Itron designed its curb meters and regulators, which are suitable for installation in a pit environment, to meet SoCalGas’ specifications. The innovative meter is a modern solution to curb metering with improved design for efficient deployment.

About Itron

Itron is a global technology company. We build solutions that help utilities measure, monitor and manage energy and water. Our broad product portfolio includes electricity, gas, water and thermal energy measurement and control technology; communications systems; software; and professional services. With thousands of employees supporting nearly 8,000 utilities in more than 100 countries, Itron empowers utilities to responsibly and efficiently manage energy and water resources. Join us in creating a more resourceful world; start here: www.itron.com.



Copyright Business Wire 2010

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