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.
About FortisBCFortisBC is an integrated energy solutions provider focused on providing safe and reliable energy, including natural gas, electricity, propane and thermal energy solutions, at the lowest reasonable cost. FortisBC employs more than 2,300 British Columbians and serves approximately 1.1 million customers in more than 135 B.C. communities. FortisBC is indirectly wholly owned by Fortis Inc., the largest investor-owned distribution utility in Canada. FortisBC owns and operates four regulated hydroelectric generating plants, approximately 7,000 kilometres of transmission and distribution power lines and approximately 47,000 kilometres of natural gas transmission and distribution pipelines. FortisBC Inc., FortisBC Energy Inc., FortisBC Energy (Vancouver Island) Inc., and FortisBC Energy (Whistler) Inc. do business as FortisBC. Fortis Inc. shares are listed on the Toronto Stock Exchange and trade under the symbol FTS. Additional information can be accessed at www.fortisinc.com or www.sedar.com. 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 one hundred 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.