David Slump, CEO
of Energy Management
Solutions, Landis+Gyr
 
Dallas, TX, U.S.A. --- (METERING.COM) --- May 27, 2008 – Texas utility Oncor has signed a four-year advanced metering contract with Landis+Gyr, a provider of energy management systems, whereby Oncor will deploy a next-generation Landis+Gyr advanced meter system (AMS) to its three million customers. The new system will allow electric users to independently manage their energy consumption, cut their energy bills and protect the environment.

This project is the largest AMS rollout undertaken in Texas, and one of the largest in the U.S. The national demand for electricity is growing three times faster than power resources are being added.

Oncor CEO Bob Shapard noted the company went through a vigorous review process that included technological capability, service quality and cost, before ultimately choosing Landis+Gyr. "Our evaluation of possible vendors convinced us that Landis+Gyr's metering and communications technology is the best fit for our system," said Shapard.

"This is a significant win and confirms yet again our presence as a global industry leader in smart metering," said Landis+Gyr CEO Cameron O'Reilly. "Energy conservation is the critical 'fifth fuel' – after coal, gas, nuclear and alternative energy – that must be harnessed to secure our energy future. Through this contract Texas will now be able to manage energy better."

With significant technological progress and encouragement from lawmakers and regulators, smart metering is expected to revolutionize energy management and grid reliability across the globe. Smart metering solutions provide utilities with a two-way flow of data required to manage energy use, efficiency and demand response and network protection. Consumers benefit from lower energy costs, and, crucially, a reduced carbon footprint.

"You cannot fix what you can't measure," said David Slump, CEO of Landis+Gyr Energy Management Solutions in the U.S. "Our technology will allow Oncor consumers to see real-time pricing in their bills, such as time of use, time of year, time of day. That gives consumers control, so that they can make more informed decisions to use power efficiently and effectively. We are committed to helping Oncor deliver this enabling technology to their consumers."