Itron Awarded One of the Nation's Largest Natural Gas Metering Contracts
LIBERTY LAKE, Wash.—October 3, 2012—Itron, Inc. (NASDAQ: ITRI) announced today that Southern California Gas Company (SoCalGas) will install nearly 1.5 million Itron gas meters and more than 600,000 gas regulators as a part of its advanced metering project. Meter installation will begin in the fourth quarter of 2012.
"Itron is proud to work with SoCalGas, a leader in natural gas distribution, as it upgrades its natural gas metering system," said Philip Mezey, Itron president and chief operations officer of Energy. "Itron's gas metering expertise and depth of industry knowledge helps natural gas utilities like SoCalGas meet their business needs."
The contract includes a minimum of 1.2 million residential gas meters, 200,000 residential curb meters and 50,000 light commercial meters for accurate measurement of gas usage as well as 500,000 regulators and 105,000 curb regulators. Itron designed its curb meters and regulators, which are suitable for installation in a pit environment, to meet SoCalGas' specifications. The innovative meter is a modern solution to curb metering with improved design for efficient deployment.
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