San Mateo, CA – September 9, 2010 – In an effort to encourage further Smart Grid pilot deployments across the country, eMeter, a leader in Smart Grid management software, and representatives from the D.C. Public Service Commission (PSC) will present a final report on the PowerCentsDC Program in a press conference also attended by White House officials at the National Press Club in Washington, D.C. The report on the PowerCentsDC program, which tested demand response and dynamic pricing responses from Pepco customers in the District of Columbia, will be utilized by the White House as a best practices example for other states considering their own Smart Grid deployments. PowerCentsDC, which is managed by eMeter Strategic Consulting and overseen by Smart Meter Pilot Program, Inc. (SMPPI), allowed 90% of participating customers to save money over the course of the pilot.

“PowerCentsDC proves that the Smart Grid can deliver solid benefits to all consumers, regardless of income level,” said George Arnold, National Coordinator for Smart Grid Interoperability for the National Institute of Standards and Technology. “The results of this pilot are helping our national efforts on the Smart Grid to learn from best practices.”

Today’s presentation followed a July meeting with members of the Executive Office of the President, the Department of Energy, and the National Institute for Science and Technology (NIST), during which time SMPPI Board members and consultants presented the initial results of PowerCentsDC. Chris King, Chief Regulatory Officer of Smart Grid management software provider eMeter and Rick Morgan, commissioner on the D.C. Public Service Commission (PSC), delivered the initial results of the PowerCentsDC pilot program. Federal officials were particularly struck by the unprecedented response from participating customers when given multiple pricing options. Members of the EoP asked that King and Morgan provide recommendations from the pilot’s implementation process for engaging consumers and effectively reducing power consumption.

“We’ve already seen the federal government take steps to promote demand response at a national level but many were not aware that this innovative program was happening in their own backyard,” said King. “PowerCentsDC not only reinforces results from many other Smart Grid pilot programs across the country, but presents new and compelling data on just how much consumers can save on their bills when given genuine insight and choice on their energy usage practices.”

PowerCentsDC – the first pilot in the electric utility industry to test an integrated Smart Grid combination of dynamic pricing, multi-faceted consumer engagement practices, and smart appliance control – included about 1,000 Pepco customers in the District of Columbia for two summers and one winter, from mid-2008 to late 2009. Participating residential customers were tested on hourly pricing, critical peak pricing, and critical peak rebates. This program was the first smart metering program in the country to test these three dynamic pricing methods at the same time. Customers also received monthly energy reports; in-home display of real-time pricing and month-to-date cost and usage data; and online access to detailed energy consumption and conservation information via eMeter’s consumer engagement web portal.

“The results from PowerCentsDC will help to inform the District’s policymakers as we move forward with smart grid technology,” said Morgan. “With Pepco’s ongoing deployment of advanced metering, our nation’s capital is poised to be among the first jurisdictions in the country to put smart meters to work helping consumers.”

All customer segments responded to the dynamic pricing model. Consumers participating in the PowerCentsDC program reduced summer peak demand by up to 50%, with the greatest reductions occurring when dynamic prices were combined with automated air conditioner control via smart thermostats. All three pricing groups – Critical Peak Pricing, Critical Peak Rebate, and Hourly Pricing – had statistically valid peak demand reductions. The Critical Peak Rebate pricing group was the most popular among customers, yet customers in the Critical Peak Pricing group exhibited the strongest response. Hourly pricing saved customers the most money, but was the least effective in reducing customers’ power consumption.

The analysis by Dr. Frank Wolak, Professor of Economics at Stanford University, determined that customers with low income not only reduced their peak usage by an unprecedented 30 percent, but also enrolled in the program at proportionally higher rates than other customers. Many program participants received lower bills as a result of dynamic pricing and preferred their pricing to Pepco’s Standard Offer Service (SOS) conventional rate structure. The results are generally consistent with other smart metering pilot programs and are expected to inform District officials with regard to Smart Grid policy moving forward.

“Due in part to the success of the PowerCentsDC Program, the District of Columbia Public Service has recently approved Pepco’s plans for a full deployment of smart meters throughout the district within 18 months,” said King. “Our hope is that with the strong support of the federal government, utilities across rest of the country will use this pilot as a model for achieving similar successes.”

With the assistance of federal ARPA funds, the Pepco is scheduled to deploy advanced meters for all customers in the District by the end of 2011, consistent with a PSC ruling. A dynamic pricing plan proposed by Pepco is also currently under consideration by the PSC.

About eMeter
eMeter provides essential software that enables electric, gas and water utilities to realize the full benefits of Smart Grid. Leading utilities worldwide depend on eMeter Smart Grid Management software to reduce operational costs, improve customer service, and drive energy efficiency. With the most large-scale deployments in the industry and strategic partnerships with Accenture, IBM, Logica, and Siemens, eMeter has built a reputation for unparalleled expertise that ensures customer success.

Media Contacts:
Kyle Arteaga
(415) 218-5569
kyle.arteaga@emeter.com

Siemens Energy, Inc. has completed the installation of the first full-scale roll-out of eMeter’s Energy Engage customer web portal on-site at Bluebonnet Electric Cooperative (Bluebonnet) in Bastrop, Texas. The portal was deployed on top of the eMeter EnergyIP Meter Data Management platform in order to provide Bluebonnet’s consumers easily accessible and understandable daily usage and cost information. With the information collected, the customer will be able to assess the implications of variable-rate pricing as regulators consider moving to time-of-use (TOU) and event-based rates in the future.

“Energy Engage is an instrumental piece of our Sustainable Grid program. We feel it empowers our members to make smart economic decisions relating to their energy usage and will increase member satisfaction,” said Mark Rose, CEO, Bluebonnet Electric.

Leveraging a multi-channel communications approach, Energy Engage provides a comprehensive exchange of information on an exceptionally cost-effective basis. The result is that Bluebonnet will have transparency into consumer cost savings derived from using Energy Engage. In addition, the service also enhances the consumer experience by enabling proactive consumer engagement and by providing advice from respected sources for best practices and cost-saving tips related to electricity usage.

“In addition to implementing the meter data management system at Bluebonnet, Siemens was eager to help Bluebonnet truly “engage” its end-use consumers by supplying the eMeter web portal that allows them to actively monitor and adjust their usage habits, and thus ultimately save money,” said Paul A. Camuti, Siemens Energy, Inc., president, USA Smart Grid Applications.

Siemens understands the complete energy conversion chain and is able to transform today’s grid into a living infrastructure that is smart enough to respond quickly, flexibly and comprehensively to society’s energy needs. Siemens also incorporates solutions for commercial and industrial applications as well as smart homes, including building automation, IT systems integration, advanced lighting technology and energy efficient appliances for a comprehensive Smart Grid solution.

About Bluebonnet
Bluebonnet Electric Cooperative serves more than 80,000 meters and owns and maintains about 11,000 miles of power lines, located across more than 3,800 square miles within 14 central Texas counties. Bluebonnet’s service area stretches from Travis County to Washington County and from Milam County down to Gonzales County. The Company’s vision is to provide the power that unlocks the potential of its employees to transform the lives of its members. For more information visit: www.bluebonnetelectric.coop or follow Bluebonnet on Facebook and Twitter.

The Siemens Energy Sector is the world’s leading supplier of a complete spectrum of products, services and solutions for the generation, transmission and distribution of power and for the extraction, conversion and transport of oil and gas. In fiscal 2009 (ended September 30), the Energy Sector had revenues of approximately EUR25.8 billion and received new orders totaling approximately EUR30 billion and posted a profit of EUR3.3 billion. On September 30, 2009, the Energy Sector had a work force of approximately 85,100. Further information is available at: www.siemens.com/energy.

About eMeter
eMeter provides essential software that enables electric, gas and water utilities to realize the full benefits of Smart Grid. Leading utilities worldwide depend on eMeter Smart Grid Management software to reduce operational costs, improve customer service, and drive energy efficiency. With the most large-scale deployments in the industry and strategic partnerships with Accenture, IBM, Logica, and Siemens, eMeter has built a reputation for unparalleled expertise that ensures customer success. For more information visit: www.emeter.com.

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Press Relations:
Monika Wood
Phone: 407-736-4197
E-mail: monika.wood@siemens.com
Siemens Energy, Inc.
4400 Alafaya Trail, Orlando, FL 32738

Media Contact:
Kyle Arteaga
eMeter
Phone: (415) 218-5569
E-mail: kyle.arteaga@emeter.com

San Mateo, CA – September 2, 2010 – eMeter, a leading provider of Smart Grid management software, today announced it has been named a “Leader” in GTM Research’s “The Emergence of Meter Data Management (MDM): A Smart Grid Information Strategy” report. According to the report, eMeter is recognized as the overall leader of the fast-emerging MDM market, ahead of both Oracle and Itron. Referring to eMeter earning the number one position, the report cited “the strength of its overall MDM platform” and that the company is “rapidly building out a line of related software products.”

“We’re pleased that Greentech Media has recognized eMeter as having the strongest product in the market. This is further validation by yet another internationally-recognized analyst firm that eMeter has the leading Smart Grid information platform,” said Gary Bloom, CEO of eMeter. “ We look forward to working even more closely with our customers to ensure they and their consumers receive the benefits that can be gained from the Smart Grid.”

eMeter ranked in the top two positions in eight of the nine categories reported by GTM Research, including vendor criteria, meter data repository, meter data management platform, AMI management functions, customer-facing applications, energy management and utility operations. The report noted that eMeter’s EnergyIP “has clear advantages in the open market where multiple entities need flexible access to centralized system-wide meter data.” EnergyIP is the centerpiece of eMeter’s Smart Grid Management Software Suite that has the most large-scale, mass-market deployments in the industry. EnergyIP not only enables utilities like Westar Energy (profiled in the report) to rapidly deploy meter-to-cash, but also serves as a flexible platform upon which utilities can add other applications such as deployment planning, automated provisioning and asset tracking. Other key eMeter customers mentioned in the report include CenterPoint Energy and Ontario Independent Electricity System Operator (IESO).

Chet Geschickter, analyst-at-large at GTM Research and author of the report, said, “The MDM market continues to grow at a rapid pace, thanks to planned smart meter rollouts and enhanced product offerings from MDM vendors. eMeter stands out in the market with its best-of-breed technology approach and best practices for utilities to adopt as they deploy their unique Smart Grids to their customers.”

eMeter’s “Leadership” ranking in the GTM Research report follows the “Positive” rating the company earned in leading industry analyst firm Gartner’s “MarketScope for Meter Data Management Products” report earlier this year.

About GTM Research
GTM Research, a Greentech Media Company, provides economic and strategic analysis for the global renewable energy industry. Our goal is to deliver critical intelligence and advisory services that improve business operations and facilitate informed decision making for our clients. Our analyst team includes experts across the green technology value chain and contains diverse backgrounds in energy, economics, finance, policy analysis, and information technology. Visit www.gtmresearch.com for more information.

About eMeter
eMeter provides essential software that enables electric, gas and water utilities to realize the full benefits of Smart Grid. Leading utilities worldwide depend on eMeter Smart Grid Management software to reduce operational costs, improve customer service, and drive energy efficiency. With the most large-scale deployments in the industry and strategic partnerships with Accenture, IBM, Logica, and Siemens, eMeter has built a reputation for unparalleled expertise that ensures customer success. For more information visit: www.emeter.com.

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Media Contact:
Kyle Arteaga
(415) 218-5569
kyle.arteaga@emeter.com

San Mateo, CA and Taipei, Taiwan – August 12, 2010 – eMeter, the global leader in Smart Grid Management software, today announced that The Industrial Technology Research Institute (ITRI), a Taiwanese research organization that serves to strengthen the technological competitiveness of Taiwan, has selected eMeter’s EnergyIP information platform and customer Web portal for use in its upcoming Smart Grid pilot program.

Energy IP was chosen for its reliability and scalability, and proven success in the market. “eMeter is definitely one of the global leaders in providing information management software for the Smart Grid and that’s why ITRI invites eMeter to join this pilot project”, said the project leader, Dr. Eager Huang, of ITRI.

ITRI will implement its AMI demonstration for domestic industry and regulation development. Government funding for the AMI pilot project was secured, and plans to involve 300-500 customers. The pilot includes a basic functional test that may contribute to AMI regulation and standards in Taiwan. The communication architecture and system interfaces will also be evaluated.

“eMeter welcomes ITRI to our portfolio of global customers,” said Gary Bloom, CEO of eMeter. “This is truly a great moment for eMeter as we look forward to extending our Smart Grid expertise in Asia, and specifically into the Chinese market.”

eMeter’s EnergyIP is the industry’s leading information platform that delivers event-driven information and automation in real-time to integrate utility operations and manage the smart grid. As part of the eMeter Smart Grid Management Suite, EnergyIP enables electric, gas and water utilities to realize the full benefits of their AMI and Smart Grid initiatives. eMeter’s Energy Engage is a next-generation customer Web portal that empowers utilities and consumers to work together to drive sustainable energy conservation and cost reduction.

eMeter has successfully worked on a number of Smart Grid implementation projects including the PowerCents DC pilot in Washington D.C., the first pilot in the electric utility industry to test the response of residential customers to three distinct dynamic pricing options under one program which resulted in dramatic reductions in consumer energy use and cost savings.

About ITRI
The Industrial Technology Research Institute (ITRI) is a nonprofit R&D organization engaging in applied research and technical services. Founded in 1973, ITRI has played a vital role in transforming Taiwan’s economy from a labor-intensive industry to a high-tech industry. Numerous well-known high-tech companies in Taiwan, such as leaders in the semiconductor industry TSMC and UMC, can all trace their origins to ITRI.

About eMeter
eMeter provides essential software that enables electric, gas and water utilities to realize the full benefits of Smart Grid. Leading utilities worldwide depend on eMeter Smart Grid Management software to reduce operational costs, improve customer service, and drive energy efficiency. With the most large-scale deployments in the industry and strategic partnerships with Accenture, IBM, Logica, and Siemens, eMeter has built a reputation for unparalleled expertise that ensures customer success. For more information visit: www.emeter.com.

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Media Contact:
Kyle Arteaga
(415) 218-5569
kyle.arteaga@emeter.com

San Mateo, CA – July 8, 2010 – eMeter Corporation, a leader in Smart Grid management software, today announced the close of a $12.5 million round of private financing led by longtime investors Sequoia Capital and Foundation Capital, and joined by new investor Northgate Capital looking to leverage eMeter’s leadership providing software solutions to enable successful Smart Grid implementations. Given the exponential growth of the Smart Grid industry over the past year, eMeter will use the new funding to expand eMeter’s sales and marketing efforts in key markets, enhance services to current customers and continue investing in new products.

Since the last round of funding almost a year ago, the company has hired industry-recognized enterprise software veteran Gary Bloom as CEO, while continuing to show tremendous growth working with leading technology partners, such as IBM, Intergraph, SAP and Siemens, and signing new utility customers including Bluebonnet Electric Cooperative, Burbank Water and Power, Centerpoint Energy, Silicon Valley Power, Westar Energy, and most recently Central Vermont Public Service here in the U.S. Internationally, eMeter inked deals with Ontario, Canada’s Independent Electricity System Operator, Germany’s EnBW Ostwurttemberg Donau Ries AG and Umetriq, and Vattenfall AB, Europe’s fourth largest generator of electricity and the largest producer of heat, and is responsible for over 6 million utility customers across Finland, Sweden, Germany, Poland and the Netherlands. Finally, leading analyst firm Gartner gave eMeter a “positive” ranking in its latest “Marketscope for Meter Data Management Products” report, while The Wall Street Journal recognized the company as one of the top 10 venture-backed clean technology companies.

Gary Bloom, CEO of eMeter, said, “As a result of our maniacal focus on the customer, the eMeter platform is being used in the most successful Smart Grid deployments around the world. I’m pleased to welcome Northgate Capital to our growing list of investors at a time when more and more utilities and consumers are embracing Smart Grid technology. With this additional capital, and the continued support of both Sequoia and Foundation, we have further strengthened the company for continued growth and momentum working with and educating utilities and consumers worldwide about eMeter’s unique approach to enabling the Smart Grid.”

About eMeter
eMeter provides essential software that enables electric, gas and water utilities to realize the full benefits of Smart Grid. Leading utilities worldwide depend on eMeter Smart Grid Management software to reduce operational costs, improve customer service, and drive energy efficiency. With the most large-scale deployments in the industry and strategic partnerships with Accenture, IBM, Logica, and Siemens, eMeter has built a reputation for unparalleled expertise that ensures customer success. For more information visit: www.emeter.com.

About Sequoia Capital
Sequoia Capital provides venture capital funding to founders of startups who want to turn business ideas into enduring companies. As the “Entrepreneurs Behind the Entrepreneurs”, Sequoia Capital’s Partners have worked with innovators such as Steve Jobs of Apple Computer, Larry Ellison of Oracle, Bob Swanson of Linear Technology, Sandy Lerner and Len Bozack of Cisco Systems, Dan Warmenhoven of NetApp, Jerry Yang and David Filo of Yahoo!, Jen-Hsun Huang of NVIDIA, Michael Marks of Flextronics, Larry Page and Sergey Brin of Google, Chad Hurley and Steve Chen of YouTube, Dominic Orr and Keerti Melkote of Aruba Wireless Networks and Jonathan Kaplan of Pure Digital. To learn more about Sequoia Capital visit www.sequoiacap.com.

About Foundation Capital
Founded in 1995, Foundation Capital is a venture capital firm committed to supporting entrepreneurs and their companies, targeting innovative opportunities in cleantech, consumer Internet, and infrastructure; telecommunications and networking; and enterprise software and on demand services. Foundation Capital funds total more than $2.4 billion. For more information, visit www.foundationcapital.com.

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Media Contact:
Kyle Arteaga
(415) 218-5569
kyle.arteaga@emeter.com

“The PowerCents DC program clearly demonstrates that dynamic energy pricing and demand response will lead to significant changes in consumer behavior,” said King. “eMeter is thrilled that this administration is taking a closer look at successful demand response programs and what the federal government can do to drive energy efficiency through the Smart Grid.”

PowerCents DC, managed by eMeter Strategic Consulting and overseen by SMPPI, tested about 1,000 Pepco customers in the District of Columbia for two summers and one winter, from mid-2008 to late 2009. Participating residential customers were tested on hourly pricing, critical peak pricing, and critical peak rebates. To help them better understand and manage their energy use, participants received monthly energy reports; in-home display of real-time pricing and month-to-date cost and usage data; and online access to detailed energy consumption and conservation information via eMeter’s consumer engagement software solution, Energy Engage.

“This pilot shows that smart meters combined with smart prices and good energy information gives consumers meaningful energy saving opportunities,” said Rick Morgan, Commissioner of the DC PSC. “In the pilot, over 90% of the customers saved money – and over 90% said they would recommend it, with its features of dynamic prices, information, and smart meters, to their family and friends.”

Consumers participating in the PowerCents DC program reduced summer peak demand by up to 50%, with the greatest reductions occurring when dynamic prices were combined with automated air conditioner control via smart thermostats. All three pricing groups – Critical Peak Pricing, Critical Peak Rebate, and Hourly Pricing – had statistically valid peak demand reductions. The analysis by Dr. Frank Wolak, Professor of Economics at Stanford University, determined that low income customers not only reduced their peak usage as well, but also enrolled in the program at higher rates than other customers. Critical Peak Pricing and Critical Peak Rebate customers who saved money saved an average of $44 per year.

King is a nationally recognized authority on energy regulation and competitive energy markets. He is widely recruited by regulators and legislators to consult on technology issues in electric restructuring and grid management. Chris has testified before Congress and was instrumental in crafting the smart grid provisions of the Energy Policy Act of 2005 that paved the way for advanced metering initiatives in the US. In addition, Chris met with Speaker of the House Nancy Pelosi and other members of Congress at the United Nations Climate Change Conference in Copenhagen and presented global Smart Grid benefits to delegations at the UN Business for Environment Summit in Seoul last April.

About eMeter
eMeter provides essential software that enables electric, gas and water utilities to realize the full benefits of Smart Grid. Leading utilities worldwide depend on eMeter Smart Grid Management software to reduce operational costs, improve customer service, and drive energy efficiency. With the most large-scale deployments in the industry and strategic partnerships with Accenture, IBM, Logica, and Siemens, eMeter has built a reputation for unparalleled expertise that ensures customer success.

“Energy Engage is an instrumental piece of our Sustainable Grid program. We feel it empowers our members to make smart economic decisions relating to their energy usage and will increase member satisfaction,” said Mark Rose, CEO, Bluebonnet Electric.

Leveraging a multi-channel communications approach, Energy Engage provides a comprehensive exchange of information on an exceptionally cost-effective basis. The result is that Bluebonnet will have transparency into consumer cost savings derived from using Energy Engage. In addition, the service also enhances the consumer experience by enabling proactive consumer engagement and by providing advice from respected sources for best practices and cost-saving tips related to electricity usage.

“In addition to implementing the meter data management system at Bluebonnet, Siemens was eager to help Bluebonnet truly ‘”engage”‘ its end-use consumers by supplying the eMeter web portal that allows them to actively monitor and adjust their usage habits, and thus ultimately save money,” said Paul A. Camuti, Siemens Energy, Inc., president, USA Smart Grid Applications.

Siemens understands the complete energy conversion chain and is able to transform today’s grid into a living infrastructure that is smart enough to respond quickly, flexibly and comprehensively to society’s energy needs. Siemens also incorporates solutions for commercial and industrial applications as well as smart homes, including building automation, IT systems integration, advanced lighting technology and energy efficient appliances for a comprehensive Smart Grid solution.

About Bluebonnet

Bluebonnet Electric Cooperative serves more than 80,000 meters and owns and maintains about 11,000 miles of power lines, located across more than 3,800 square miles within 14 central Texas counties. Bluebonnet’s service area stretches from Travis County to Washington County and from Milam County down to Gonzales County. The Company’s vision is to provide the power that unlocks the potential of its employees to transform the lives of its members. For more information visit: www.bluebonnetelectric.coop or follow Bluebonnet on Facebook and Twitter.

The Siemens Energy Sector is the world’s leading supplier of a complete spectrum of products, services and solutions for the generation, transmission and distribution of power and for the extraction, conversion and transport of oil and gas. In fiscal 2009 (ended September 30), the Energy Sector had revenues of approximately EUR25.8 billion and received new orders totaling approximately EUR30 billion and posted a profit of EUR3.3 billion. On September 30, 2009, the Energy Sector had a work force of approximately 85,100. Further information is available at: www.siemens.com/energy.

About eMeter

eMeter provides essential software that enables electric, gas and water utilities to realize the full benefits of Smart Grid. Leading utilities worldwide depend on eMeter Smart Grid Management software to reduce operational costs, improve customer service, and drive energy efficiency. With the most large-scale deployments in the industry and strategic partnerships with Accenture, IBM, Logica, and Siemens, eMeter has built a reputation for unparalleled expertise that ensures customer success. For more information visit: www.emeter.com.

For More Information Contact:
Monika Wood
Press Relations
Siemens Energy, Inc.
+1-407-736-4197
www.siemens.com/energy
monika.wood@siemens.com

Siemens Energy and eMeter were selected to implement eMeter’s EnergyIP™ software platform and meter data management application to enable a single system capable of providing meter to cash and demand response across multiple customer information (CIS) and advanced metering (AMI) systems.

To read the full story go here: Wabash Press Release – “Wabash Valley Power Chooses Siemens and eMeter for Smart Grid Implementation”

San Mateo, CA – April 13, 2010 – eMeter, a leader in Smart Grid Management software, announced today that Westar Energy, Inc., the largest electrical energy supplier in Kansas, selected eMeter to provide the necessary Smart Grid software to commence its SmartStar program in Lawrence, KS. Designed to give customers better insight into electricity use and cost information, the SmartStar program became a reality with a $19 million grant from the Department of Energy’s Smart Grid Investment Grant program.

“Westar Energy is eager to work with an experienced and successful Smart Grid leader like eMeter to get it right,” said Bill Moore, Westar Energy president and chief executive officer. “Westar strongly believes that our customers should come first. For this reason, we are installing the Smart Grid software platform before meter deployment to deliver a reliable and scalable system that immediately provides customers with accurate information on their energy use.”

After a rigorous evaluation process, Westar Energy selected eMeter to provide the Smart Grid technologies that will engage Westar Energy’s customers and give them daily access into their electricity use and its costs. With eMeter’s Energy Engage customers can receive this information via the web, emails or even text alerts making it easy for them to adjust their energy use and focus on energy conservation. Additionally, the new technology will allow Westar Energy to better connect renewable energy sources into the grid and prepare the grid for future energy needs including the integration of electric vehicles.

“eMeter has the right products and experience to ensure successful Smart Grid deployments. We are excited about working with Westar Energy on a blueprint for achieving their business and customer goals,” said Gary Bloom, CEO at eMeter. “It’s clear that utilities are ready to put the DOE funding to work – now.”

Westar Energy is one of several utilities to receive funding from the DOE’s Smart Grid grant under the American Recovery & Reinvestment Act. eMeter transmission and distribution utility customer, CenterPoint Energy also received $200 million in DOE funding to accelerate the deployment of its advanced metering system and begin its Intelligent Grid project.

eMeter’s EnergyIP software platform will enable Westar Energy to better integrate operations and manage the electrical grid by detecting outages, power loss and reducing peak demand as well as provide more detailed monthly bills to its customers. eMeter’s EnergyIP is the centerpiece of eMeter’s Smart Grid Management Software Suite that has the most large scale, mass-market deployments in the industry. It not only enables utilities like Westar Energy to rapidly deploy meter-to-cash, but also serves as a flexible platform upon which Westar Energy can add other applications such as deployment planning, automated provisioning and asset tracking.

About Westar Energy Inc.
Westar Energy, Inc. (NYSE: WR) is the largest electric utility in Kansas, providing electric service to about 684,000 customers in the state. Westar Energy has about 7,100 megawatts of electric generation capacity and operates and coordinates more than 35,000 miles of electric distribution and transmission lines. For more information about Westar Energy, visit us on the Internet at http://www.WestarEnergy.com.

About eMeter
eMeter provides essential software that enables electric, gas and water utilities to realize the full benefits of Smart Grid. Leading utilities worldwide depend on eMeter Smart Grid Management software to reduce operational costs, improve customer service, and drive energy efficiency. With the most large-scale deployments in the industry and strategic partnerships with Accenture, IBM, Logica, and Siemens, eMeter has built a reputation for unparalleled expertise that ensures customer success. For more information visit: www.emeter.com.

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Media Contacts:
Kyle Arteaga
(415) 218-5569
kyle.arteaga@emeter.com

San Mateo, California — March 23, 2010 – eMeter, the global leader in Smart Grid Management software, today announced that former VERITAS CEO and Symantec President, Gary Bloom, will be joining as the company’s new chief executive officer. Bloom brings more than two decades of senior executive experience in enterprise software to eMeter. This newest addition to the eMeter executive team not only reinforces the strong momentum of the company, but also demonstrates the undeniable potential for taking the Smart Grid mainstream. Under Bloom’s leadership as CEO and Chairman, VERITAS grew from approximately $1.2 billion in revenue in 2000 to over $2.0 billion in 2004 and became the global leader in storage software.

“The utility industry is in the midst of a major technology transformation as they upgrade to the Smart Grid and eMeter is delivering best-in-class Smart Grid software solutions. I am excited to combine my enterprise software experience with eMeter’s market-leading product set, world-class partners like Siemens and IBM, and an impressive roster of customers across the world,” said Bloom.

Bloom will be replacing Cree Edwards who will continue on as eMeter Chairman of the Board. “Adding Gary’s expertise in building high-growth global software companies will give eMeter a distinct advantage as we position ourselves for the future,” said Cree Edwards, eMeter Chairman. “We are confident he’ll not only advance eMeter, but Gary will further establish what the Smart Grid industry has long been discussing – that Smart Grids are the future of the electric, gas, and water infrastructure worldwide.”

Most recently, Bloom was Vice Chairman and President of Symantec where he led the company’s line of business and corporate development organizations. Bloom joined Symantec through the company’s merger with VERITAS Software, where he was Chairman, President and CEO. Prior to VERITAS, Mr. Bloom was executive vice president at Oracle Corporation. During his 14-year career at Oracle, Bloom led Oracle’s database business, worldwide marketing, support, education, and alliance organizations, and was responsible for mergers and acquisitions.

Mr. Bloom holds a bachelor’s degree in Computer Science from California Polytechnic State University where he currently serves on the President’s Cabinet and is the Chairman of the Board of the Cal Poly Foundation. Mr. Bloom also serves on the Board of Directors of BMC Software and Taleo Corporation.

About eMeter

eMeter provides essential software that enables electric, gas and water utilities to realize the full benefits of Smart Grid. Leading utilities worldwide depend on eMeter Smart Grid Management software to reduce operational costs, improve customer service, and drive energy efficiency. With the most large-scale deployments in the industry and strategic partnerships with Accenture, IBM, Logica, and Siemens, eMeter has built a reputation for unparalleled expertise that ensures customer success. For more information visit: www.emeter.com.

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Media Contact:
Kyle Arteaga
(415) 218-5569
kyle.arteaga@emeter.com