ROCKVILLE, Md., July 11, 2011 (GLOBE NEWSWIRE) -- Telvent (Nasdaq:TLVT), the leading real-time IT solutions and information provider for a sustainable world, announced today that PECO has selected Telvent smart grid solutions to upgrade its electrical network, reduce power losses and operational costs, and improve power quality and reliability.
PECO, a Pennsylvania-based electric and gas distribution company that provides energy to the greater Philadelphia area, will implement Telvent's advanced distribution management system (ADMS) to monitor and control its electric network using one integrated system. With this system, the utility will have access to real-time information to control load management, fault analysis and network optimization. In addition, PECO will leverage Telvent's OASyS Dynamic Network of Applications (DNA) supervisory control and data acquisition (SCADA) system to immediately pinpoint potential trouble spots within the network, increasing customer satisfaction by addressing issues, such as service outages, more quickly and efficiently.
PECO selected Telvent's solutions because of their rich functionality and ability to grow with the company to meet future smart grid needs. As additional initiatives are implemented, Telvent's solutions will adapt to provide a detailed, integrated system that maximizes efficiencies and performance.
According to Telvent's chairman and CEO, Ignacio Gonzalez, "PECO went through a rigorous selection process and our solutions proved to be the best fit for their current needs and growth opportunities, which is a true testament to our position as a leader in the utility industry. We look forward to working with PECO to address its evolving smart grid needs."
PECO is working to upgrade its metering technology for its 1.6 million electric customers during the next 10 years -- 5 years earlier than required under Pennsylvania law, thanks to a $200 million stimulus grant awarded by the US Department of Energy.
This project began in May 2011 and will be completed in 2013. PECO also employs Telvent's OASyS DNA SCADA solution to optimize operational efficiencies and cut costs for its gas distribution network.
About Telvent
Telvent (Nasdaq:TLVT) is a global IT solutions and business information services provider dedicated to helping improve efficiency, safety and security for the world's leading companies. Telvent serves markets that are critical to the sustainability of the planet, including the energy, transportation, agricultural and environmental sectors. (www.telvent.com)
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