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Silver Spring Networks, Inc. Message Board

  • chris_cs16 chris_cs16 Jan 31, 2014 3:55 PM Flag

    CPS Energy begins smart meter rollout - Solver Spring Networks

    SAN ANTONIO — Over the next four years, CPS Energy aims to replace or modify nearly all of the meters in its service area with equipment that will link customers' households directly to the utility's system.

    Officials say the new meters will allow CPS to save money, improve reliability and give customers the opportunity to better track and manage their energy usage.

    “This effort easily ranks as one of the largest, most complicated, most impactful changes in CPS Energy's recent history,” utility spokeswoman Lisa Lewis said in a written statement Thursday.

    The program has a price tag of $290 million, officials said. The meter rollout is expected to begin in the fall and be complete in 2018.

    CPS will replace about 700,000 electric meters with “smart meters” and will add a module to its more than 300,000 gas meters so they can transmit information as well.

    Currently, 40,000 customers have smart meters as part of a pilot program.

    Smart meters will communicate with the utility through a wireless network built by California-based Silver Spring Networks that will blanket the city. Installation of the network's nodes — essentially local relays for the system — on CPS light poles began in December and will continue through 2014.

    Sentiment: Strong Buy

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