Liberty Lake, Wash., April 11, 2011 — BC Hydro chose Itron, Inc. to be the utility's metering system provider to supply about two million new electric meters over the next two years as part of its smart metering program.
The smart metering program will keep rates lower than they would have otherwise been in B.C. through savings of about $70 million in the first three years of implementation and a net benefit to customers of more than $500 million in the long term.
Itron will provide its OpenWay smart meters, run over a multi-application communication network powered by Cisco. The associated system software and meter data management system are included in the agreement, providing a cost effective, end-to-end solution. The contract is worth about $270 million.
"Itron is a top tier metering system 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 smart metering program will make BC Hydro's grid more reliable; increase public and employee safety; provide immediate savings helping to keep rates low; and cut down on energy theft.