MINNEAPOLIS, Oct. 30, 2007 – Honeywell (NYSE: HON) today announced it has been selected by the City of Ponca City, Okla., to implement an advanced metering infrastructure (AMI) and energy-efficiency program that will help the city improve its utility services to residents while reducing its energy and operating spend, and impact on the environment.
Funded through a $15.5-million performance contract, with an additional $300,000 for equipment and maintenance, the work will increase city water revenue and save Ponca City an estimated $1.3 million in annual operating costs. These savings, which are guaranteed by Honeywell for 18 years, are expected to pay for the improvements with no additional costs to taxpayers. The projects also are expected to create a positive cash flow for the city of nearly $140,000 per year.
“This undertaking allows us to accomplish our meter infrastructure and energy conservation goals while preserving resources in our capital budget,” said Homer Nicholson, mayor of Ponca City. “We can redirect those dollars down the road to other important initiatives like sewer upgrades and city park enhancements.”
As part of the contract, Honeywell will implement a new electric and water meter reading system that will automate data collection, improving accuracy and minimizing the need to have meter readers visit customer properties. This includes the installation of more than 16,000 electric and 11,000 water meters from Sensus Metering Systems that are equipped with a digital register — instead of the traditional rotating dials — and wireless radio frequency (RF) technology.
