Utility Selects Financing Solution for Automation Project; Meter-reading Efficiency, Revenue Generation to be Enhanced by $11 Million Financing Project.Business Editors
SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Feb. 18, 2002
Clark County Clark County is the name of twelve counties in the United States of America:
Koch Financial is financing the purchase of 150,533 automatic meter reading Automatic meter reading, or AMR, is the technology of automatically collecting data from water meter or energy metering devices (water, gas, electric) and transferring that data to a central database for billing and/or analyzing. (AMR (1) (Adaptive Multi-Rate) A variable rate speech codec selected by the 3GPP for the 3G evolution of the GSM cellphone system (WCDMA). Using the Algebraic CELP (ACELP) compression technology, AMR provides toll quality sound at transmission rates from 4.75 to 12. ) electric modules and associated software and data collection equipment from Clark Public Utilities' AMR provider, Itron Inc. The financing will also cover costs to install the equipment and train the district's workforce to use Itron's data-collection systems.
"We were pleased to be able to provide the financing to help CPUD meet its objective of improving efficiencies," said Jeffrey Ray, senior vice president of sales and marketing for Koch Financial. "Pairing our financing solutions with equipment and technology packages from vendor partners like Itron is one way that we can help public service providers grow and better serve their customers."
The Itron meter modules will convey consumption and tamper To meddle, alter, or improperly interfere with something; to make changes or corrupt, as in tampering with the evidence. information from CPUD's electric meters via radio signals to Itron radio data collection systems installed at the utility's offices.
Clark Public Utilities is a customer-owned public utility district providing power generation and electric, water and wastewater service in Clark County, Wash. The utility is a municipal corporation organized under the laws of the state of Washington. More information is available at www.clarkpublicutilities.com.
Itron Inc. (www.itron.com) is a leading technology provider and source of knowledge to the energy and water industries for collecting, analyzing, and applying critical data about electric, gas, and water usage. Itron technology touches more than $200 billion in energy and water transactions annually. Today, Itron systems are installed at approximately 2,000 utilities in over 45 countries around the world and are being used to collect data from 275 million electric, gas, and water meters. Of those, more than 850 customers use Itron's radio- and telephone-based technology to automatically collect information from more than 20 million meters.
Koch Financial Corporation (www.kochfinancial.com) provides customized financing solutions for state and local governments to acquire equipment, including computer hardware and software, telecommunications and energy-management systems, emergency vehicles and other essential assets. Companies providing equipment or services to states and municipalities can also take advantage of Koch Financial's vendor financing Vendor Financing
The lending of money by a company to one of its customers so that the customer can buy products from it. By doing this, the company increases its sales even though it is basically buying its own products. programs. Koch Financial, a Koch Industries Koch Industries, Inc. (pronounced "koke") is a private corporation based in Wichita, Kansas. According to Forbes Magazine, it is the largest privately owned company in the world by revenue (surpassing Cargill in 2005 with the acquisition of Georgia-Pacific), with subsidiaries , Inc. subsidiary, is based in Scottsdale, Ariz., and has regional offices in Chicago; Dallas; Nashville, Tenn.; and San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden .