Cooper Power Systems President Michael A. Stoessl spoke before the U.S.
House of Representatives on July 23, 2009 at a hearing titled
"Effectively Transforming Our Electric Delivery System to a Smart Grid.”
The hearing addressed the various processes and inherent challenges
associated with improving the intelligence and capabilities of the
nation’s electric grid. The hearing was held by the Committee on Science
and Technology, Subcommittee on Energy and Environment, which is chaired
by Rep. Brian Baird (D, WA).
Cooper Power Systems, a division of Cooper Industries, Ltd. (NYSE: CBE),
is a provider of quality solutions for medium- and high-voltage
electrical environments, components and systems that deliver reliable
electric power worldwide. It also develops the switchgear and automation
technology needed to make the electric grid more reliable and efficient,
as well as Advanced Metering Infrastructure (AMI) and Demand Response
capabilities that help manage the grid’s overall load. The company’s
"Smart” offerings include Smart Metering (AMI/AMR), Demand Response, VAR
Management, Voltage Regulation, Over-current Protection, Outage
Detection and Substation Automation. These innovative solutions are
communications-equipped and provide decision support both locally on the
grid and in back-office software solutions.
"Delivering state-of-the-art solutions for the ongoing transition to a
smarter, more manageable electric grid remains a top priority for Cooper
Industries,” said Cooper Chairman and CEO Kirk Hachigian. "Cooper Power
Systems’ advancements in smart grid technology, as well as the
innovation and forward thinking of its experienced leadership team, will
prove to be invaluable to the industry as it moves closer to developing
and improving the smart grid.”
Stoessl addressed the House of Representatives on behalf of the National
Electrical Manufacturers Association (NEMA), of which Cooper is
represented on the Board of Governors and on its Smart Grid Advisory
Panel. NEMA is the leading trade association in the United States
advancing the interests of 430 electrical manufacturers of a wide array
of electrical industry products used in utility, industrial, commercial,
institutional, medical imaging and residential applications.
The hearing took place in the Rayburn House Office Building, and
included additional testimony given by Dr. George W. Arnold, Eng. Sc. D,
National Coordinator for Smart Grid Interoperability at the National
Institute of Standards and Technology (NIST); Paul De Martini, Vice
President of Advanced Technology at Southern California Edison; Patricia
Hoffman, Assistant Secretary at the Department of Energy, Office of
Electricity Delivery and Energy Reliability; and Suedeen G. Kelly,
Commissioner, Federal Energy Regulation Committee.
Cooper Power Systems - Commitment to Smart Grid:
Cooper Power Systems practices a forward-thinking approach to providing
utility customers with comprehensive reliability and productivity
solutions and is well positioned to benefit from the $4.5 billion in
funding allocated specifically for Smart Grid investment by the U.S.
Department of Energy as part of the federal government’s economic
stimulus plan. Within Cooper Power Systems, the Energy Automation
Solutions (EAS) group is a leading provider of innovative technologies
and solutions that allow electric utilities to optimize their
performance in the areas of Advance Metering Infrastructure, Demand
Response, Smart Sensors, and Distribution Automation – all technologies
that will be critical to the overall development of a Smart Grid.
About Cooper Power Systems
Cooper Power Systems, Inc., with 2008 revenues of approximately $1.4
billion, is a division of Cooper Industries, Ltd. (NYSE: CBE). Cooper
Power Systems is a global manufacturer of world-class power delivery and
reliability solutions for the electrical and industrial markets. Through
its Energy Automations Solutions group, it is also a leading provider of
software, communications and integration solutions that enable customers
to increase productivity, improve system reliability, and reduce costs.
For more information, please visit www.cooperpower.com.
About Cooper Industries
Cooper Industries, Ltd. (NYSE: CBE) is a global manufacturer with 2008
revenues of $6.5 billion, approximately 88 percent of which are from
electrical products. Founded in 1833, Cooper's sustained level of
success is attributable to a constant focus on innovation, evolving
business practices while maintaining the highest ethical standards, and
meeting customer needs. The Company has eight operating divisions with
leading market share positions and world-class products and brands
including: Bussmann electrical and electronic fuses; Crouse-Hinds and
CEAG explosion-proof electrical equipment; Halo and Metalux lighting
fixtures; and Kyle and McGraw-Edison power systems products. With this
broad range of products, Cooper is uniquely positioned for several
long-term growth trends including the global infrastructure build-out,
the need to improve the reliability and productivity of the electric
grid, the demand for higher energy-efficient products and the need for
improved electrical safety. In 2008, 61 percent of total sales were to
customers in the industrial and utility end-markets and 37 percent of
total sales were to customers outside the United States. Cooper, which
has manufacturing facilities in 23 countries as of 2008, is incorporated
in Bermuda with administrative headquarters in Houston, TX. For more
information, visit the web site at www.cooperindustries.com.