RALEIGH, NC - January 14, 2008
A groundbreaking agreement between Southern Company and Sensus Metering Systems lays the foundation to provide 4.3 million Southern Company customers with next generation electricity service offerings. Over the next five years, Southern Company subsidiaries will deploy Sensus’ FlexNet AMI (Advanced Metering Infrastructure) solution when they launch their new Smart Meter programs to customers across the Southern Company footprint. The FlexNet system will read meters remotely and provide new data that will lead to electricity pricing options for Southern Company customers.
This contract culminates years of teamwork between Southern Company and Sensus to achieve the most technologically sound, customer-friendly AMI across the Southern Company service territory. Southern Company played an integral role in the development of Sensus’ FlexNet AMI solution by providing customer input and trials on both the Sensus iCon meter and the FlexNet communications technology that powers the system. The Southern Company decision came after successful large scale trial deployments of FlexNet involving more than 100,000 customer locations covering over 3,000 square miles at Alabama Power and Georgia Power.
“Before the term “AMI” was coined, Southern Company envisioned very specific and advanced features for their demanding topography and business case needs. Sensus created that system by following their blue print,” said Peter Mainz, Sensus’ Chief Operating Officer. “We worked diligently together until our system, meters and AMI communications technology, could provide a single solution for Southern’s varied and demanding topology.”
For instance, Southern Company was one of the first utilities to require features such as two-way communication capability that places pricing plans directly into the customers’ hands. Southern also required all ANSI standards, remote firmware upgrades and remote connect/disconnect features and support of Demand Response programs – items that are all part of the FlexNet AMI package.
“We plan to use the Sensus FlexNet system to launch our new Smart Meter program for our customers across the Southeast,” said Mike Garrett, President and Chief Executive Officer of Southern Company subsidiary Georgia Power, who serves as co-executive sponsor of the system wide deployment of the Smart Meter program . “Because of the terrain and demographic layout of our service territory, we needed an AMI system that performed according to our needs. Sensus went the extra mile to ensure that their FlexNet system does that. I am confident that our customers will reap the benefits of this project.”
FlexNet provides the utility industry’s most reliable and flexible two-way AMI fixed network. Utility customers benefit from the dependable, mission-critical performance of a dedicated, primary-use, FCC licensed and protected communications network combined with ANSI compliant metering, IP-based wide area communications, open standards home area networking, advanced smart grid products, and IP-based information systems. Sensus delivers timely and accurate AMI communications through crystal-clear and massively redundant RF data paths with double the RF power of competing systems. This empowers utilities to communicate with a complete range of endpoint devices including smart water, gas and electric meters, intelligent home devices, and distribution automation equipment in any mix of rural and urban terrain. Forward-thinking utilities confidently choose FlexNet to provide a single-technology solution that reduces cost, mitigates technology risk, enables pricing flexibility and demand response, and improves operational efficiency through reliable performance, industry standards, cross-vendor compatibility, system scalability and future-proof operation.
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 Southern Company
With 4.3 million customers and more than 40,000 megawatts of generating capacity, Atlanta-based Southern Company (NYSE: SO) is the premier energy company serving the Southeast, one of America’s fastest-growing regions. A leading U.S. producer of electricity, Southern Company owns electric utilities in four states and a growing competitive generation company, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and retail electric prices that are significantly below the national average. Southern Company has received the highest ranking in customer satisfaction among U.S. electric service providers for seven consecutive years by the American Customer Satisfaction Index (ACSI). Visit the Southern Company Web site at www.southerncompany.com.
All statements in this release, other than historical facts, are made in reliance on the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties and are subject to change at any time. These statements reflect the Company’s current expectations regarding its financial position, revenues, cash flow and other operating results, business strategy, financing plans, forecasted trends related to the markets in which the Company operates, legal proceedings and similar matters. The Company’s expectations expressed or implied in these forward-looking statements may turn out to be incorrect. The Company’s actual results could be materially different from its expectations because of various risks. These risks, some of which are discussed under the caption “Risk Factors” in the Company’s Annual Report on Form 10-K (SEC File No. 333-113658) for the fiscal year ended March 31, 2007 as filed with the Securities and Exchange Commission on May 16, 2007, include its dependence on new product development and intellectual property, and its dependence on independent distributors and third-party contract manufacturers, automotive vehicle production levels and schedules, its substantial financial leverage, debt service and other cash requirements, liquidity constraints and risks related to future growth and expansion. Other important risks that could cause actual events or results to differ from those contained or implied in the forward-looking statements include, without limitation, the Company’s ability to integrate acquired companies, general economic and business conditions, competition, adverse changes in the regulatory or legislative environment in which the Company operates, and other factors beyond the Company’s control.