Con Edison Expands Use of Itron's Customer Care Software Tools; Itron Customer Care Applications Used for New York's Mandatory Hourly Pricing Program. Check it out:
SPOKANE, Wash. --(Business Wire)-- Sept. 21, 2006 -- Itron, Inc. (Nasdaq:ITRI) announced today a purchase of additional licenses for Itron Customer Care software solutions by Con Edison, to meet a new requirement for mandatory day-ahead hourly pricing which was imposed by the New York State Public Service Commission.
Con Edison is one of the nation's largest investor-owned energy companies, based in New York City. Already a long-time Itron customer, the utility was looking to leverage its existing infrastructure and expand its software tools to meet the requirement to provide day-ahead hourly pricing. The new policy aims to stimulate a competitive energy market for large commercial and industrial customers by requiring them to take electric service under the utility's day-ahead hourly pricing tariff or consider purchasing power from a third-party energy retailer.
Eileen Egan-Annechino, a manager of marketing and sales for Con Edison, said commercial and industrial energy bills will now be based on hour-by-hour consumption, so that large commercial and industrial customers have the ability to view their energy usage and manage it more proactively. Con Edison expanded Itron's Customer Care software package to include consulting services, analysis, rate modeling and cost analysis. The affected customers include stadiums, large high-rise buildings and hospitals.
"Through the expansion of Itron's Customer Care software, we are able to provide information to our customers, enabling them to respond to mandatory day-ahead hourly pricing." said Egan-Annechino. "Itron helped us develop the appropriate rates for use and the Customer Care software is able to calculate and compare the various energy components of the bill. This will better reflect the cost of energy in our state."
Philip Mezey, senior vice president for Itron software solutions, said Itron has helped Con Edison identify customers affected by the new energy tariff imposed this year.
"With all the new complexities in rate structures and regulations, it is critical to have a partner that understands the market and the needs of utilities serving large C&I customers," said Mezey. "As the industry leader, we understand the importance of viewing energy usage, curtailing when necessary and managing energy loads. We are happy to work with Con Edison to meet those goals and policies."
About Itron
Itron is a leading technology provider and critical source of knowledge to the global energy and water industries. Nearly 3,000 utilities worldwide rely on Itron's award-winning technology to provide the knowledge they require to optimize the delivery and use of energy and water. Itron creates value for its clients by providing industry-leading solutions for electricity metering; meter data collection; energy information management; demand response; load forecasting, analysis and consulting services; distribution system design and optimization; web-based workforce automation; and enterprise and residential energy management. To know more, start here: www.itron.com
About Con Edison
Con Edison is a subsidiary of Consolidated Edison, Inc. (NYSE:ED), one of the nation's largest investor-owned energy companies, with $12 billion in annual revenues and $25 billion in assets. The utility provides electric, gas and steam service to more than 3 million customers in New York City and Westchester County, New York. For additional financial, operations and customer service information, visit Con Edison's Web site at www.coned.com.
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