STOCK TITAN

Advanced Metering Deployment at LG&E, KU Reaches Halfway Point

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
Landis+Gyr, in partnership with Utility Partners of America, has reached over 50% completion of the advanced metering project at Louisville Gas and Electric Company and Kentucky Utilities Company. The project aims to provide interval energy usage data to customers and is expected to be finished by the end of 2025, creating job opportunities and investments for the community.
Landis+Gyr, in collaborazione con Utility Partners of America, ha completato oltre il 50% del progetto di misurazione avanzata presso la Louisville Gas and Electric Company e la Kentucky Utilities Company. Il progetto mira a fornire ai clienti dati sull'uso dell'energia per intervalli e si prevede che sarà terminato entro la fine del 2025, creando opportunità di lavoro e investimenti per la comunità.
Landis+Gyr, en asociación con Utility Partners of America, ha alcanzado más del 50% de finalización del proyecto de medición avanzada en la compañía Louisville Gas and Electric y Kentucky Utilities Company. El proyecto tiene como objetivo proporcionar datos de consumo de energía por intervalos a los clientes y se espera que esté terminado para finales del 2025, creando oportunidades de empleo e inversiones para la comunidad.
Landis+Gyr은 Utility Partners of America와 함께 Louisville Gas and Electric Company 및 Kentucky Utilities Company에서 진행 중인 고급 검침 프로젝트를 50% 이상 완료하였습니다. 이 프로젝트는 고객에게 에너지 사용량 데이터를 제공하는 것을 목표로 하며, 2025년 말까지 완료될 예정이며, 커뮤니티에 일자리 기회와 투자를 창출할 것입니다.
Landis+Gyr, en partenariat avec Utility Partners of America, a atteint plus de 50% de l'achèvement du projet de comptage avancé chez Louisville Gas and Electric Company et Kentucky Utilities Company. Le projet vise à fournir aux clients des données de consommation d'énergie par intervalles et devrait être terminé d'ici la fin de 2025, créant des opportunités d'emploi et des investissements pour la communauté.
Landis+Gyr hat in Partnerschaft mit Utility Partners of America über 50% des fortgeschrittenen Zählerprojektes bei der Louisville Gas and Electric Company und der Kentucky Utilities Company erreicht. Das Projekt zielt darauf ab, den Kunden Energieverbrauchsdaten in Intervallen zu liefern und soll bis Ende 2025 abgeschlossen sein, wodurch Arbeitsplätze und Investitionen für die Gemeinschaft geschaffen werden.
Positive
  • None.
Negative
  • None.

Landis+Gyr and partner Utility Partners of America are on track to complete the AMI project by the end of 2025

ATLANTA, April 22, 2024 /PRNewswire/ -- Landis+Gyr (SIX: LAND) announced the advanced metering project at Louisville Gas and Electric company and Kentucky Utilities Company is now more than 50-percent complete, on the way to delivering benefits, such as interval energy usage data, to customers.

Landis+Gyr and its partner Utility Partners of America (UPA), began deploying Gridstream® network infrastructure, advanced electric meters and gas meter modules in the fall of 2022 and reached the halfway milestone in February. The project, which includes replacing over a million electric meters and retrofitting more than 300,000 gas meters, is scheduled to be complete by the end of 2025.

"The teams working on this project – from Landis+Gyr, UPA and our utility customers – have stayed on schedule despite initial supply constraints and a challenging service territory to meet and exceed customer goals," said Jay Lasseter, Vice President of Customer Delivery for the Americas at Landis+Gyr. "This will assist the utilities in realizing the planned benefits from the AMI network."

Additionally, the AMI project has created 135 deployment-related jobs and other investments for the community. "Long-term projects like this are always an investment in the community as we work to hire locally and invest in facilities and equipment to support our partners and our customers," said Steve Rudd, Vice President of Business Development at UPA. "As we move into the second half of this deployment, we look forward to assisting the utility in delivering benefits for their customers."

About Landis+Gyr
Landis+Gyr is a leading global provider of integrated energy management solutions. We measure and analyze energy utilization to generate empowering analytics for smart grid and infrastructure management, enabling utilities and consumers to reduce energy consumption. Our innovative and proven portfolio of software, services and intelligent sensor technology is a key driver to decarbonize the grid. Having avoided more than 9.5 million tons of CO₂ in FY 2022, Landis+Gyr manages energy better – since 1896. With sales of USD 1.7 billion in FY 2022, Landis+Gyr employs around 7,800 talented people across five continents. For more information, please visit our website www.landisgyr.com.

About UPA
Utility Partners of America (UPA) is a leading and well-respected National Utility Contractor that builds, inspects, maintains, and upgrades our nation's utility infrastructure.  UPA provides Meter Services, Overhead and Underground Line Construction Services, EVSE Installation & Maintenance, Street & Area Lighting Services, Utility Locating Services, Material Management, Call Center Services and Billing Administration on behalf of Investor-Owned Utilities, Municipal Utilities and Energy Cooperatives.  UPA employs more than 1,000 highly trained, highly qualified, hardworking, and dedicated professionals focused on providing exceptional service to both UPA's customers and its employees.  UPA is consistently recognized for excellence in operations, safe work practices, quality control, brand management, customer experience, and the ability to meet or exceed stringent schedules, KPIs, SLAs and data security requirements. For more information, please visit www.utilitypartners.com.  

Contact
Dan Jacobson | Regional Contact North America
Senior Marketing Communications Manager
Dan.Jacobson@landisgyr.com
320-307-7486

Investor inquiries: ir@landisgyr.com
Media inquiries: pr@landisgyr.com

Logo - https://mma.prnewswire.com/media/2287017/4657327/Landis_Gyr_Logo.jpg

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/advanced-metering-deployment-at-lge-ku-reaches-halfway-point-302121063.html

SOURCE Landis+Gyr

FAQ

What is the progress status of the advanced metering project at LG&E and KU?

Landis+Gyr and Utility Partners of America have completed over 50% of the project.

When is the expected completion date for the AMI project at LG&E and KU?

The project is scheduled to be finished by the end of 2025.

How many electric meters are being replaced in the project?

Over a million electric meters are being replaced as part of the project.

How many gas meters are being retrofitted in the AMI project?

More than 300,000 gas meters are being retrofitted in the project.

How many deployment-related jobs have been created by the project?

The project has created 135 deployment-related jobs.

LANDIS GYR GROUP AG U/ADR

OTC:LDGYY

LDGYY Rankings

LDGYY Latest News

LDGYY Stock Data

2.52B
23.55M
0.01%
Electromedical and Electrotherapeutic Apparatus Manufacturing
Manufacturing
Link
United States of America
Zug