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News Release

HECO Expands Sensus AMI Deployment

Hawaiian Electric Company (HECO) and Sensus Metering Systems announced an agreement to expand the pilot deployment of the Sensus FlexNet advanced metering (AMI) solution for residential and commercial customers on the island of Oahu.

“The rapid success and reliability of the initial technical trial with Sensus confirmed our selection of the technology and the company,” said Karl Stahlkopf, HECO Senior Vice President Energy Solutions & Chief Technology Officer. “We are excited about the financial benefits and operational efficiencies that the “smart” metering system will provide to our customers, and we are taking the next logical expansion of the FlexNet system and the Sensus relationship.”

Under the expansion plan, HECO will grow the pilot deployment from approximately 500 to approximately 3000 installed meters in the Ocean Pointe Subdivision on Oahu in the first calendar quarter of 2007.

About Sensus Metering Systems

The Sensus Metering Systems companies are leading world-class providers of water, gas, heat and electric meters including comprehensive metering communications system solutions that comprise both automatic meter reading (“AMR”) and advanced metering infrastructure (“AMI”) systems. Additional linked businesses include Smith-Blair, Inc. a leading provider of pipe clamp & coupling products for the water, gas, and industrial markets; and Sensus Precision Die Casting a producer of complex, high quality die castings.

About About Hawaiian Electric Company

Hawaiian Electric Company (HECO) and its subsidiaries, Hawaii Electric Light Company (HELCO) and Maui Electric Company (MECO), provide electricity for 95% of Hawaii’s residents. Established in 1891, Hawaiian Electric remains one of the few locally owned and operated major companies in the state. More information about the company is available on the Internet at:

Issued 2/21/2007

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