AEP Texas Reaches Half-way point in Gridstream Advanced Metering Deployment; Expands Contract with Landis+Gyr to Cover 280,000 Meters in Rural Areas
ATLANTA, July 23, 2012 /PRNewswire/ -- AEP Texas recently expanded its agreement with Landis+Gyr to install Gridstream™ advanced meters across the utility's entire service territory.
The agreement comes after the AEP Texas smart grid project surpassed the half-way mark by successfully deploying more than 500,000 advanced meters. Landis+Gyr's original contract with AEP Texas covered about 720,000 meters. The expanded contract includes the remaining 280,000 meters located in rural areas of the utility's service territory.
"The proven success of the Gridstream RF mesh network in rural applications had a big influence on this contract extension," said Prasanna Venkatesan, Senior Vice President of Systems and Services at Landis+Gyr. "We're excited by this opportunity to extend a very successful project and position AEP Texas to enable energy management and grid automation solutions across the utility's service territory."
AEP Texas began deploying the Gridstream network and advanced meters in 2009, with a goal of replacing all meters by 2014. Gridstream is a single-network communications solution for advanced metering, grid automation and consumer energy management applications.
Headquartered in Corpus Christi, AEP Texas is a transmission and distribution utility delivering electricity to more than 1 million homes and businesses in a service territory of nearly 100,000 square miles. Major cities served include Corpus Christi, Abilene, McAllen, Harlingen, San Angelo, Vernon, Victoria and Laredo. AEP Texas is part of the American Electric Power system, one of the largest electric utilities in the United States, delivering electricity to more than 5 million customers in 11 states.
Landis+Gyr is the leading global provider of integrated energy management products tailored to energy company needs and unique in its ability to deliver true end-to-end advanced metering solutions. Today, the Company offers the broadest portfolio of products and services in the electricity metering industry, and is paving the way for the next generation of smart grid. With annualized sales of more than US$1.5 billion, Landis+Gyr, an independent growth platform of the Toshiba Corporation (TKY:6502) and 40% owned by the Innovation Network Corporation of Japan, operates in 30 countries across five continents, and employs 5,000 people with the sole mission of helping the world manage energy better. More information is available at landisgyr.com.
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