CSA Z462 Arc Flash Training – Electrical Safety Compliance Course

Our customized live online or in‑person group training can be delivered to your staff at your location.

  • Live Online
  • 6 hours Instructor-led
  • Group Training Available
Regular Price:
$249
Coupon Price:
$199
Reserve Your Seat Today
-- Itron Inc., today announced the signing of an agreement to acquire Regional Economic Research, Inc. (RER), a San Diego, California based company specializing in energy consulting, analysis and forecasting services and software. The acquisition is expected to close by September 30, 2002. Privately-held RER provides forecasting services and software products to improve system operation, scheduling, risk management and financial performance. RER also offers consulting and analysis services including planning and evaluation of energy efficiency and renewable energy and distributed generation programs, analysis of energy usage patterns (including load research and load profile development), and management consulting in the area of retail competition. “The acquisition of RER is another key step in our mission to broaden the solutions we provide and value we deliver to participants throughout the energy and water marketplace,” commented LeRoy Nosbaum, chairman and CEO of Itron. Earlier this year, Itron acquired LineSoft, which provides software tools and engineering services to optimize utility transmission and distribution systems, and eMobile Data, which provides web-based software solutions for management of utility field workforces. “Balancing the supply and demand of energy is critical for the health of our economy and our environment. RER’s experience, analytical resources and software tools, together with Itron’s data collection and communication expertise and customer base, results in a powerful combination for our customers, and theirs, to help them predict and achieve that delicate balance,” Nosbaum said. “RER has earned a solid reputation as the leader in energy forecasting and has a long and outstanding record of assisting clients in energy efficiency and analysis. The addition of their management group and employees will make our Itron team broader and deeper.” Founded in 1979, RER’s worldwide client base is comprised of many of the major energy utilities, energy marketers, research organizations, industrial and corporate clients, and government agencies. RER has an experienced staff of economists, statisticians and engineers with over 40 employees. Corporate headquarters are in San Diego, CA with additional offices in Boston, MA and Vancouver, WA. Revenues for RER for the fiscal year ended May 31, 2002 were approximately $7.7 million. Details about the Transaction and Expected Financial Impact • The total purchase price is $14 million, all of which will be paid in cash. • The purchase price is subject to additional earnout payments totaling $4 million, $2 million in each of 2003 and 2004 in the event revenue hurdles in those years are exceeded. • The acquisition does not result in a change to Itron’s previously issued earnings guidance for 2002 and 2003.

For More Information Contact: Mima Scarpelli Vice-president, Investor Relations and Corporate Communications (509) 891-3565 www.itron.com mima.scarpelli@itron.com

Related News

Ontario will not renew electricity deal with Quebec

Ontario-Quebec Electricity Trade Agreement ends as Ontario pivots to IESO procurement, hydropower alternatives, natural gas…
View more

Ukraine's parliament backs amendments to electricity market law

Ukraine Electricity Market Price Caps empower the regulator, the National Commission, to set marginal prices…
View more

DOE Announces $34 Million to Improve America?s Power Grid

DOE GOPHURRS Grid Undergrounding accelerates ARPA-E innovations to modernize the power grid, boosting reliability, resilience,…
View more

Should California Fund Biofuels or Electric Vehicles?

California Biofuels vs EV Subsidies examines tradeoffs in decarbonization, greenhouse gas reductions, clean energy deployment,…
View more

Gulf Power to Provide One-Time Bill Decrease of 40%

Gulf Power 40% One-Time Bill Decrease approved by the Florida Public Service Commission delivers a…
View more

Doug Ford ‘proud’ of decision to tear up hundreds of green energy contracts

Ontario Renewable Energy Cancellations highlight Doug Ford's move to scrap wind turbine contracts, citing electricity…
View more

Sign Up for Electricity Forum’s Newsletter

Stay informed with our FREE Newsletter — get the latest news, breakthrough technologies, and expert insights, delivered straight to your inbox.

Electricity Today T&D Magazine Subscribe for FREE

Stay informed with the latest T&D policies and technologies.
  • Timely insights from industry experts
  • Practical solutions T&D engineers
  • Free access to every issue

Live Online & In-person Group Training

Advantages To Instructor-Led Training – Instructor-Led Course, Customized Training, Multiple Locations, Economical, CEU Credits, Course Discounts.

Request For Quotation

Whether you would prefer Live Online or In-Person instruction, our electrical training courses can be tailored to meet your company's specific requirements and delivered to your employees in one location or at various locations.