ARMONK, N.Y. and NEW YORK, Feb. 9, 2016 /PRNewswire/ --
IBM (NYSE: IBM) announced today that it has been selected by
Consolidated Edison Company of NY, Inc. and Orange and Rockland (O&R) Utilities, both regulated
operating companies of Consolidated Edison, Inc. (NYSE: ED) to
provide services to implement an Advanced Metering Infrastructure
(AMI) program with the installation of more than 3.9 million
electric meters and 1.3 million gas meters.
Smart meters provide customers more insight and greater control
over their individual energy usage and costs. In the future, such
usage data will be accessible online and through mobile devices,
providing customers with timely information and opportunities to
take action to better manage how much energy they are using. AMI
represents a new way for Con Edison and O&R to respond to
customer needs, modernize energy infrastructure, and improve grid
management.
Con Edison and O&R plans to deploy the AMI communications
system and smart meters, once regulatory approvals are fully
received, over a five-year period, beginning in 2017. In the first
phase of the project, IBM will provide services to create the IT
platform, support creation of critical business processes, and
manage the integration of two new systems that will support data
from approximately 5.1 million electric and gas meters across the
Con Edison and O&R service territories.
"This technology transformation involving the collection,
transfer and analysis of billions of data points will give Con
Edison, O&R, and their customers the tools to improve decision
making and reliable energy distribution," said Michael Valocchi, managing partner, IBM Global
Business Services. "Together we are creating an important
foundation, making New York City
and the surrounding region a world-class leader, while providing
customers with greater convenience and control of their energy
usage."
In addition, new programs could help ease the impact of a
customer's monthly energy bill. For example, smart meters will help
customers gain information that will allow them to benefit from
participation incentives, and take advantage of lower-priced
electricity during off-peak hours.
AMI's communications backbone will provide a protected,
cyber-secure communications link. Con Edison and O&R will be
able to better monitor and manage distributed energy resources,
such as solar, and would significantly improve outage detection,
speed up restoration time, and enable grid operation at optimum
voltage levels which will improve the environment by reducing
energy losses.
About Consolidated Edison, Inc.
Consolidated Edison,
Inc. is one of the nation's largest investor-owned energy
companies, with approximately $13
billion in annual revenues and $45
billion in assets. The company provides a wide range of
energy-related products and services to its customers through the
following subsidiaries: Consolidated Edison Company of New York, Inc., a regulated utility providing
electric, gas, and steam service in New
York City and Westchester County,
New York; Orange & Rockland Utilities, Inc. a regulated
utility serving customers in a 1,350-square-mile area in
southeastern New York state and
adjacent sections of northern New
Jersey and northeastern Pennsylvania; Consolidated Edison Solutions,
Inc., a retail energy-services company; Consolidated Edison Energy,
Inc., a wholesale energy- services company; Consolidated Edison
Development, Inc., a company that develops, owns and operates
renewable energy infrastructure projects, and Con Edison
Transmission, Inc., which invests in electric and natural gas
transmission projects.
About IBM
For more information about Energy at
IBM, please visit: www.ibm.com/energy and follow us on Twitter and
LinkedIn.
Jeannine Kilbride
IBM Media Relations
1 (860) 997-6277
jkilbri@us.ibm.com
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SOURCE IBM