CenterPoint Energy installs one millionth smart meter

Houston, February 23, 2011 – Less than two years after beginning the installation of smart electric meters in the Houston area, CenterPoint Energy, Inc.’s electric transmission and distribution unit, CenterPoint Energy Houston Electric has installed its one millionth meter.

The company began installing Itron OpenWay smart meters in March 2009 and is on schedule to complete the installation of more than 2 million system-wide by mid-2012.

Electric smart meters are part of Energy InSight, CenterPoint Energy‘s system of integrated smart technologies, designed to give consumers more control over their energy consumption while improving electric reliability and power restoration.

Smart meters are read remotely, minimizing the need to go house-to-house. Smart meters will also automatically notify CenterPoint Energy about outages to help the company restore power more efficiently.

In addition, consumers who have already received their smart meter no longer have to wait for their bill to access their electric consumption information.

In addition to smart meters, Energy InSight’s system of technologies also includes a self-healing intelligent grid that will use smart meters, power line sensors, remote switches and other automated equipment to improve power reliability and restoration in central Houston.

CenterPoint Energy has received and put to use more than $100 million of the $200 million stimulus grant from the U.S. Department of Energy awarded in March 2010 to help fund the deployment of its advanced metering system and the development of the intelligent grid.

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