Aclara Meters Selected by Consolidated Edison, Inc. to Provide Electric Smart Meters for Advanced Metering Infrastructure Project

Project Will Enhance Utility Operations and Improve Customer Experience; Contract Win Follows Acquisition of GE Meters Business by Aclara in December 2015

Feb 11, 2016, 15:40 ET from Aclara

ST. LOUIS, Feb. 11, 2016 /PRNewswire/ -- Aclara Meters announced today that it has been awarded a contract by Consolidated Edison Company of NY, Inc. and Orange and Rockland (O&R) Utilities, Inc., both regulated operating companies of Consolidated Edison, Inc. to supply electric smart meters for an Advanced Metering Infrastructure (AMI) project covering New York City and Westchester County, and Orange & Rockland counties.

Pending regulatory approval by the New York Public Service Commission, Aclara Meters will provide electric smart meters that will connect 3.9 million customers to the new AMI system. These meters feature leading-edge technology that will enable Con Edison and O&R to optimize voltage levels, reduce manual meter-reading, reduce energy consumption and minimize greenhouse gas emissions.

Importantly, the electric smart meters benefit customers by enhancing network reliability and enabling the utilities' outage management systems to automatically detect problems and determine the scope and location of outages to speed restoration of service.

Awarding of the contract comes approximately two months after the acquisition of Aclara Meters, GE Energy Management's Grid Solutions electricity meters business, by Aclara Technologies LLC ("Aclara"), a world-class supplier of smart infrastructure technologies to electric, water and gas utilities globally.

"We are proud that Aclara Meters has been selected by one of the largest and leading utilities in the United States to provide advanced metering technology to one of the largest systems in the country. Aclara Meters is known for its leading edge meters and its team has worked tirelessly to secure this contract," said Ed Myszka, Senior Vice President – Meters, of Aclara.

About Aclara

Aclara is a world-class supplier of smart infrastructure technologies to water, gas and electric utilities globally. Over 700 utilities in nine countries rely on proven Aclara solutions to connect with their customers. Aclara Technologies LLC is owned by an affiliate of Sun Capital Partners. Visit us at Aclara.com and follow us on Twitter @AclaraSolutions.

About Consolidated Edison, Inc.

Consolidated Edison, Inc. is one of the nation's largest investor-owned energy companies, with approximately $13 billion in annual revenues and $45 billion in assets. The company provides a wide range of energy-related products and services to its customers through the following subsidiaries: Consolidated Edison Company of New York, Inc., a regulated utility providing electric, gas, and steam service in New York City and Westchester County, New York; Orange & Rockland Utilities, Inc. a regulated utility serving customers in a 1,350-square-mile area in southeastern New York state and adjacent sections of northern New Jersey and northeastern Pennsylvania; Consolidated Edison Solutions, Inc., a retail energy-services company; Consolidated Edison Energy, Inc., a wholesale energy- services company; Consolidated Edison Development, Inc., a company that develops, owns and operates renewable energy infrastructure projects, and Con Edison Transmission, Inc., which invests in electric and natural gas transmission projects.

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SOURCE Aclara



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