CPFL’s Tauron Program was created to improve grid reliability, speed up response time, optimize on-site operations, and protect group revenues. During this phase of the program, CPFL is already seeing the initial results, including:
- Performance and reliability of its network based on Silver Spring’s IPv6 platform is providing unparalleled success rates of 99.8%
- Reductions in the volume of fraud and number of faults, which can now be rapidly identified and corrected by transferring data of the smart metering system every 15 minutes
- Heightened consumer control and management of their energy usage particularly during peak power usage
- Upon the project’s anticipated completion in 2014, CPFL expects to have eliminated 25,000 truck rolls per month, which are currently required to read legacy meters
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By sales, it has a 10% share of the free energy market. In the generating segment, it has consolidated its domestic position as the second largest private company in Brazil and has adopted a growth strategy based on clean and renewable energy sources. In 2011, it created CPFL Renováveis, which generates an entry from alternative renewable sources, such as hydroelectric power stations, wind farms, biomass thermoelectric stations and, more recently, the Tanquinho solar power station, the first of its kind in the state of São Paulo and one of the biggest in Brazil.Since its 2004 IPO, CPFL Energia has been listed on the BM&FBovespa New Market and is also listed on the New York Stock Exchange as ADR Level III, both markets offering the highest levels of corporate governance. For the eighth consecutive year, the company's stock have been included in the BM&FBovespa Business Sustainability Index portfolio and in 2012, celebrating his 100th anniversary, the Group was included on the Dow Jones Index of Emerging Markets. About Silver Spring Networks Silver Spring Networks is a leading networking platform and solutions provider for smart energy networks. Silver Spring’s pioneering IPv6 networking platform, with 17 million Silver Spring enabled devices delivered, is connecting utilities to homes and business throughout the world with the goal of achieving greater energy efficiency for the planet. Silver Spring’s innovative solutions enable utilities to gain operational efficiencies, improve grid reliability, and empower consumers to monitor and manage energy consumption. Silver Spring Networks customers include major utilities around the globe such as Baltimore Gas & Electric, CitiPower & Powercor, Commonwealth Edison, CPFL Energia, CPS Energy, Florida Power & Light, Jemena Electricity Networks Limited, Pacific Gas & Electric, Pepco Holdings, Progress Energy and Singapore Power, among others. To learn more, please visit www.silverspringnet.com. Forward-Looking Statements This press release contains forward-looking statements about Silver Spring Networks’ expectations, plans, intentions, and strategies, including, but not limited to statements regarding the scope and timing of Silver Spring’s engagement with CPFL Energia, including CPFL Energia’s anticipated residential metering and distribution automation projects. Statements including words such as “anticipate”, “believe”, “estimate”, “expect” or “future” and statements in the future tense are forward-looking statements. These forward-looking statements involve risks and uncertainties, as well as assumptions, which, if they do not fully materialize or prove incorrect, could cause our results to differ materially from those expressed or implied by such forward-looking statements. The risks and uncertainties include those described in Silver Spring Networks' 10-Q for the quarter ended June 30, 2013 filed with or furnished to the Securities and Exchange Commission. All forward-looking statements in this press release are based on information available to Silver Spring Networks as of the date hereof. Silver Spring Networks assumes no obligation to update these forward-looking statements.