Schlumberger RMS expands information services contract with Puget Sound Energy

NORCROSS, Ga., April 19, 2001 — Schlumberger Resource Management Services Inc. (RMS), a business segment of Schlumberger Ltd , announced today an agreement with Bellevue, Wash.-based Puget Sound Energy, the utility subsidiary of Puget Energy, to expand the existing Network Meter Information Services Agreement to cover an additional 70,000 gas and electric consumers, bringing the total number of communication points under contract to 1,395,000, or about 95 percent of PSE’s customer meters.

JACKSON, Miss., April 17, 2001 — SmartSynchâ„-, a provider of end-to-end wireless data solutions to the energy and utility market, today announced that it has raised $23 million in venture capital funding. Beacon Group Energy Funds, an affiliate of JPMorgan Partners, LLC, led the investment round.

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