(Source: Business Wire)
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.
