American Samoa Power Authority to deploy Itron’s AMI solution

LIBERTY LAKE, Wash. - American Samoa Power Authority (ASPA) will implement Itron, Inc.’s (NASDAQ:ITRI) Advanced Metering Infrastructure (AMI) solution to modernize its electricity distribution network, according to a press release statement. Itron, a $5.4 billion market cap company with a "GREAT" financial health rating according to InvestingPro, continues to expand its smart metering solutions globally.

The deployment includes smart electric meters, UtilityIQ headend application suite and iPay prepayment software aimed at improving operational efficiency and billing accuracy across ASPA’s service area, which covers approximately 50,000 residents on five South Pacific islands. The project aligns with Itron’s strong market position, reflected in its $2.44 billion trailing twelve-month revenue and robust current ratio of 2.04, indicating solid operational efficiency.

ASPA faces unique challenges as an isolated territory with electricity costs that were 3.5 times higher than the U.S. average in 2023. The utility must generate all its own electricity.

The AMI solution will provide ASPA with greater visibility into electricity meter data while offering customers more detailed energy usage insights. The technology is designed to function in American Samoa’s tropical climate and remote island environment.

Components of the deployment include Itron’s Gen5 CENTRON II electric smart meters, Gen5 communication network, iPay integration for payment processing, and UtilityIQ software for data collection and management.

"This project marks a significant step in ASPA’s digital transformation journey, enabling smarter electric management across our geographically dispersed and logistically challenging service territory," said Isikeli Ongosia, MCS Manager ICT at ASPA.

The companies have previously collaborated on smaller-scale deployments to streamline meter reading processes before transitioning to AMI.

In other recent news, Itron reported its second-quarter earnings for 2025, revealing strong financial performance. The company exceeded expectations in gross margin, EBITDA, and earnings per share, although revenue matched forecasts. Bookings increased by 2% year-over-year, maintaining a consistent book-to-bill ratio. In response to these results, JPMorgan raised its price target for Itron to $145 and upgraded the company to Overweight. Similarly, Stephens increased its price target to $130, citing record margins. Itron also announced the appointment of two new board members. Scott Drury, former CEO of Southern California Gas Company, joins with extensive industry experience. Additionally, Sheri Savage, CFO at Ultra Clean Holdings, brings over 30 years of finance expertise to the board. In another development, the Water Authority of Fiji began deploying Itron’s smart water meters, marking its first smart metering project in the region.

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