Dive Summary:
- Itron announced that CenterPoint Energy Houston Electric has finished installing 2.2 million smart meters, giving costumers access to consumption data in 15-minute intervals with a 99.5% digital reading accuracy rate while simultaneously allowing the company to conduct remote troubleshooting and connection services.
- CenterPoint claims the smart meters have allowed them to prevent 3.5 million service visits since 2009 and that they have remotely executed 20,000 connect/disconnect orders in a one day.
- To motivate consumers to track and adjust their energy use, Itron, CenterPoint and Oncor started the Biggest Energy Saver contest in 2011 and received plaudits for the smart meter project from the Department of Energy, the Public Utility Commission of Texas and their customers.
From the press release:
"Itron, Inc. (NASDAQ: ITRI) announced today that CenterPoint Energy, Inc.’s (NYSE: CNP) electric transmission and distribution subsidiary, CenterPoint Energy Houston Electric, LLC, (CenterPoint Energy) has completed the installation of more than 2.2 million Itron smart meters. Itron’s smart meters are part of CenterPoint Energy’s smart grid initiative, designed to give consumers more control over their energy consumption and in the future, support improvements in electric reliability and power restoration. ..."