Itron reports it will replace Duquesne Light’s existing 625,000 analog electricity meters with its smart meters, “implement sophisticated back-office data collection software, supply critical network communications infrastructure, and provide comprehensive professional services.” In addition, Itron will be involved with all aspects of the full deployment, including consulting, meter exchange, project management, training, and support.
Duquesne Light Company director of technology Dave Wolfe says, “We rigorously evaluated smart grid vendors and their solutions, and Itron’s solution proved to be highly flexible and offered the most robust capabilities. We are confident Itron’s feature-rich and reliable technology will put us in the best position to meet our business objectives as well as the requirements of Act 129 and the PAPUC Smart Meter Implementation Order.”
Mark de Vere White, Itron’s president of electricity business line adds: “We’re proud to work in partnership with Duquesne Light as their smart metering program evolves into a full-scale deployment. We look forward to delivering the technology and services that will help Duquesne Light manage resources and provide reliable service to its customers.”
The deal comes on the heels of Itron’s financial results for its second quarter.
Philip Mezey, Itron’s president and chief executive officer notes, “Our second quarter results improved over first quarter in nearly every metric. We were encouraged by the revenue growth in our core electricity business and improved total gross margin. In addition, our bookings increased 15 percent year-over-year to the highest level in six quarters. We expect our results to strengthen further in the second half of this year and we will continue to focus on lowering our costs to drive additional earnings leverage in our business.”