Itron Signs $62 Million Contract with Public Service Co. of Colorado to Expand AMR System

Strategic Insights -

Itron, a leading supplier of energy information and communications solutions, has announced a $62 million contract with Public Service Co. of Colorado (PSCo) to expand its automatic meter reading (AMR) system. This expansion will include the installation of an additional 1 million ERT(R) radio meter modules, bringing the total number of modules to 1.3 million. PSCo serves approximately 1.9 million customers in Colorado and the Cheyenne, Wyo., area.

Key Takeaways:

  • The contract is valued at $62 million and will expand PSCo's AMR system to include an additional 1 million ERT(R) radio meter modules.
  • The installation of the additional ERTs is scheduled to be completed over a two-year time frame and will completely automate the reading of gas and electric meters in the Denver area.
  • The project is ahead of schedule and is expected to be completed by the end of 1995.
  • The expansion is expected to result in the largest AMR installation in the world.
  • The Genesis by Itron(R) AMR system has improved PSCo's meter reading efficiency and overall customer service by 100%.
  • Itron has over 1,275 customers in over 40 countries and has manufacturing facilities in Spokane and Minnesota, as well as subsidiaries in the United Kingdom, France, and Australia.
  • The company's revenues for the 12-month period ended June 30, 1995, were $141 million.

Statistics:

  • 1.3 million: Total number of ERT(R) radio meter modules to be installed, including the additional 1 million modules under the contract.
  • 1.9 million: Number of customers served by PSCo in Colorado and the Cheyenne, Wyo., area.
  • $141 million: Itron's revenues for the 12-month period ended June 30, 1995.
  • 2 years: Time frame for the installation of the additional ERTs.
  • 1995: Expected completion year for the project.
  • 40 countries: Number of countries where Itron has customers.
  • 1,275: Number of customers served by Itron worldwide.
  • 509-891-3565: Phone number for Mima Scarpelli, Treasurer of Itron.

Sources:

  • Press Release: Itron Signs $62 Million Contract with Public Service Co. of Colorado to Expand AMR System (PRNewswire, Oct. 10, 1995).
  • Company Overview: Itron, Inc. (NASDAQ: ITRI).