By Austin Business Journal

Austin Energy plans to buy $330,369 worth in software to upgrade its 400,000 electric smart meters.

Austin city council members approved the purchase during their meeting Thursday. The technology will allow the utility provider to receive a signal when a customer has lost power, when power returns and to check if electricity is flowing to a particular meter.

Officials said the software will help restore power faster after an outage and is one of the first steps in testing and developing a self-reporting grid, or one meant to eliminate the need for customers to report power outages.

The software, provided by Denver-based GE Energy Management Services, is expected to be installed and operational within a year.

Copyright 2010 American City Business Journals
Copyright 2010