Terasen Utility Services acquires United Metering Inc.

Terasen Utility Services has acquired United Metering Inc., a wholly owned subsidiary of United Water Resources. With 15 years in the utility services business and over 100 employees, United Metering provides a complete range of metering services to the water utility industry...

Aug 25th, 2004

MILWAUKEE, WI, Aug. 24, 2004 -- Terasen Utility Services has acquired United Metering Inc., a wholly owned subsidiary of United Water Resources. With 15 years in the utility services business and over 100 employees, United Metering provides a complete range of metering services to the water utility industry.

With the acquisition, Terasen Utility Services expands its portfolio of water meter services to include large meter installation, replacement and refurbishment. Additionally, the acquisition extends Terasen Utility Services' geographic presence to 15 states and Washington D.C.

"United Metering brings years of experience in delivering meter services to municipals and water utilities nationwide. We're pleased to bring this team of professionals on board," said Mike Jordan, Terasen vice president and general manager. "We look forward to building on their success in the industry, particularly in the area of large water meter services. This acquisition along with recent growth we have experienced supports our strategy to be a leading provider of utility services in the United States and Canada."

"We're excited about joining the Terasen Utility Services family," said United Metering vice president Larry Edwards. "I expect that our customers and employees will benefit from this transaction, and we look forward to combining effectively with Terasen's existing business to create the leading utility metering services company in the United States."

About Terasen Utility Services
Terasen Utility Services provides field metering services to electric, gas, and water utilities, municipals and cooperatives throughout the United States and Canada. Field services include automatic meter reading system field installation, meter changes, manual and automated meter reading, code compliance, meter testing and special field services. In addition, the company designs, builds and operates wastewater and energy systems. The United States operations are headquartered in Milwaukee, WI. Canadian operations are based in Vancouver, BC. Terasen Utility Services is a subsidiary of Terasen Inc. whose shares are traded on the Toronto Stock Exchange under the symbol TER. The company's website is at www.terasen.com.

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