This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
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
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

BC Hydro Enters Next Phase Of Smart Grid Network Deployment With Itron

Itron, Inc. (NASDAQ:ITRI) announced today that BC Hydro, which serves 1.9 million electricity customers throughout British Columbia, Canada, has entered the next phase of network migration for its Smart Metering Program. BC Hydro has passed a major milestone in the testing of Itron and Cisco’s jointly developed IPv6 network architecture, bringing the utility one step closer to realizing the benefits of an open IP-based multi-application network.

BC Hydro will begin the transition from Itron’s RF Mesh smart meter architecture to the smart grid IPv6 network, ensuring interoperability of applications and distribution automation devices over a secure, enterprise-class network infrastructure. After successful back office migration testing, BC Hydro will now commence validation for the broader scale migration to the IPv6 network using close to 40,000 of the over 1.8 million meters currently installed. Following validation, migration of the remaining network connected meters via over-the-air firmware download, will take place in 2014.

BC Hydro has installed 97 percent of the meters throughout the province. The utility is using Itron’s industry-leading meter data management system to acquire detailed data from Itron’s smart meters. The utility also successfully converted 1.75 million customers to automated billing.

BC Hydro says the Smart Metering Program is already delivering clear benefits. The technology has helped increase customer awareness of energy use and costs, improved employee safety and provided immediate operational savings to help keep electricity rates low and reduce energy theft.

“Itron has delivered advanced technology and has been a trusted partner to BC Hydro throughout our Smart Metering Program deployment. Itron’s dedication to our success and their expertise has been extremely valuable as we’ve deployed this key smart grid project,” said Fiona Taylor, BC Hydro's Director of the Smart Metering Program. “We are pleased with all the accomplishments to date and the benefits we are already seeing, including streamlined operations, improved system visibility, and revenue recovery. We look forward to realizing the full benefits of the IPv6 network architecture in 2014.”

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
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

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
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,132.70 -81.72 -0.45%
S&P 500 2,104.50 -6.24 -0.30%
NASDAQ 4,963.5270 -24.3630 -0.49%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs