Vancouver, BC, Canada and liberty Lake, WA, U.S.A. --- (METERING.COM) --- April 12, 2011 - BC Hydro has selected Itron to provide its OpenWay® smart meters and associated system software and meter data management system for its smart metering program.

Approximately two million new electric meters will be provided over the next two years as part of the program, which is set to keep rates lower than they would have otherwise been in the province through savings of about $70 million in the first three years of implementation and a net benefit to customers of over $500 million in the long term.

The smart meters will run over a multi-application communication network powered by Cisco.

“Itron is a provider with proven smart meter solutions, extensive utility experience, and a clear commitment to ensuring BC Hydro achieves our smart metering objectives,” said Gary Murphy, chief project officer, BC Hydro.

The contract is worth approximately $270 million.