Itron Inc. (NASDAQ: ITRI) announced today that a recent study, requested by Public Utility Commission of Texas and performed by Navigant Consulting LLC, confirms the precision measurement of OpenWay smart meters. Of the thousands of meters examined during the test, all were found to be accurate by American National Standards Institute (ANSI) standards.
Consumer advocacy groups in Texas and other locations across the U.S. have raised concerns that incorrect data collected by smart meters leads to higher-than-expected utility bills. The testing and verification efforts undertaken by Navigant demonstrate that Itron smart meters are accurately and reliably delivering meter data to utilities.
Coinciding with the test results, Itron announced a deployment milestone of 3 million OpenWay smart meters at several industry-leading utilities across the nation.
CenterPoint Energy recently celebrated the installation of its 500,000th OpenWay smart meter, a significant milestone in its plan to deploy more than 2 million devices across the company’s entire electric service territory by mid 2012. Additionally, the company is building a self-healing Intelligent Grid that will utilize Itron smart meters and other technologies to improve electric reliability and power restoration.