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PG&E Selects Silver Spring Networks for Smart Grid Networking

Redwood City, CA, July 29, 2008 - Silver Spring Networks announced today that it has been selected by Pacific Gas and Electric Company (PG&E) to provide advanced networking products and services to serve its 5 million electric customers in California.  Silver Spring was selected after a rigorous market review and field testing, to support PG&E’s SmartMeter™ Program Upgrade.  Silver Spring Networks and PG&E have signed a definitive agreement and deployment activity is underway, with full metering deployment expected to be completed by 2012.    

PG&E will initially focus on using Silver Spring Networks’ technology to support advanced metering and home networking applications. In addition, Silver Spring Networks provides an open, secure, proven networking platform that will enable PG&E to realize additional operational and environmental benefits in the future.  

Under the agreement, Silver Spring Networks will provide network infrastructure, network devices, operating software and a variety of services in long-term support of PG&E’s efforts.  Although initial deployments are scheduled to be completed within 5 years, the contract extends to provide continued support and expansion over 20 years.  Under the agreement, PG&E will have broad flexibility in managing the timing and scope of its technology deployments. In addition, certain services and products under the agreement are contingent on regulatory approval as part of PG&E’s SmartMeter™ Program Upgrade.

As a provider of electricity and natural gas to approximately 40 percent of Californians, 1 in 20 Americans, or 15 million consumers in a service territory of 70,000 square miles, PG&E is a leader in environmental excellence, energy efficiency and enabling technologies.  In 1976, PG&E became one of the first utilities to offer energy-efficiency programs. Energy efficiency programs are the fastest, most cost-effective way to reduce greenhouse gas emissions and combat global climate change. 

About Silver Spring Networks

Silver Spring Networks is a leading smart grid networking platform technology and solutions provider. We have connected over 10 million homes and businesses throughout the world with the goal of achieving greater energy efficiency for the planet. Our innovative products enable utilities to gain efficiencies,integrate renewable energy sources and empower customers to monitor and manage energy consumption. Silver Spring Networks’ utility clients include Baltimore Gas & Electric, CitiPower & Powercor, Florida Power & Light, Jemena Electricity Networks Limited, Pacific Gas & Electric and Pepco Holdings, Inc. among others.  For more information please visit www.silverspringnet.com.

Media Contact:
Lisa Magnuson
lisamag@silverspringnet.com
415-531-9199