Bolivar Energy Authority Selects Elster for Smart Grid Deployment

Elster (NYSE: ELT) announced that Tennessee's Bolivar Energy Authority (BEA) has selected the Elster EnergyAxis® Smart Grid solution to deliver an advanced metering infrastructure (AMI) system, delivering improved operational efficiencies and empowering its electric customers to better manage energy usage and lower energy costs.

BEA services more than 11,000 households and businesses in the utility's service area. Elster's Smart Meters will be installed by BEA at residential and commercial locations with a project completion date of September 2012.

Elster's EnergyAxis and Smart Meters will enable BEA to modernize its electric infrastructure and provide customers with clear pricing and usage information, enabling customers to better manage, monitor and control energy consumption and costs.

BEA is one of 155 Tennessee Valley Authority (TVA) power distributors, and an active member of the Tennessee Valley Public Power Association (TVPPA). TVPPA represents utilities who receive power from the TVA, a federally owned corporation providing electricity for nine million people across the southeastern U.S.

"We chose Elster EnergyAxis' field-proven technology to deliver the benefits of the Smart Grid to our customers," said John Fortune, President and CEO at BEA.

"With Elster's experience across the TVPPA, the company was the only choice for our AMI deployment. Elster EnergyAxis will serve as the foundation for a Smart Grid project that will eventually feature upgrades to our billing infrastructure, further helping our customers control energy consumption and costs," Fortune added.

Using Elster EnergyAxis, BEA is rolling out advanced metering and communications technologies to provide more customer information and future payment options (prepay), giving the utility's consumers greater control of their energy use and costs. BEA is the seventh TVA power distributor to partner with Elster as part of the TVA's move toward delivering improved operational efficiencies to customers. Elster will work with its partners CalAmp, ElectSolve, WESCO and Apex CoVantage on the BEA Smart Grid deployment.

"Elster's work with TVA members such as BEA is helping the Tennessee Valley Public Power Association achieve its mission to meet Smart Grid initiatives and deliver value to customers," said Mark Munday, President and CEO of Elster Solutions.

"Elster looks forward to working with BEA as the utility honors its commitment to deliver greater electric grid efficiency to its customers. Elster continues to work with leading utilities across the globe to make Smart Grid benefits more tangible to energy consumers," Munday added.

About Elster

Elster (NYSE: ELT) is one of the world's largest electricity, gas and water measurement and control providers. Its offerings include distribution monitoring and control, advanced smart metering, demand response, networking and software solutions, and numerous related communications and services - key components for enabling consumer choice, operational efficiency and conservation. Its products and solutions are widely used by utilities in the traditional and emerging Smart Grid markets.

Elster has one of the most extensive installed revenue measurement bases in the world, with more than 200 million metering devices deployed over the course of the last 10 years. It sells its products and services in more than 130 countries across electricity, gas, water and multi-utility applications for residential, commercial and industrial, and transmission and distribution applications.

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