Hubbell Power Systems announces expansion

Hubbell Power Systems announced the signing of a definitive agreement to complete an asset purchase of the pole line hardware business currently owned by Cooper Power Systems. Such purchase is scheduled to be completed at the end of a sixty-day period commencing with the date of this announcement (Sept. 19). This purchase includes the acquisition of certain assets currently located at the Cooper Power Systems facility in East Stroudsburg, Pennsylvania. Hubbell Power Systems acknowledged that the assets included in this purchase will be relocated and integrated into their existing pole line hardware operations located in Centralia, Missouri. This relocation of assets is anticipated to be completed by the end of the first quarter 2003.

Itron signs agreement with Tampa Electric

Itron Inc. announced that it has reached an agreement with Tampa Electric Company (TEC) to provide the investor-owned utility with software to optimize the design of its distribution system assets. Itron will also implement the software, incorporating TEC distribution design standards and construction practices, and interfacing it with TEC's work management and GIS systems. TEC serves roughly 600,000 customers over 2,000 square miles in central Florida. Under the terms of the agreement, TEC will utilize Itron's LD-PRO engineering design software to efficiently design distribution assets in its service territory. TEC will begin with designs for the underground distribution system and progress to overhead applications in time. As part of the effort, TEC and Itron developed a five-year master consulting agreement, under which Itron will provide a number of consulting services.