PALATINE, Ill. — December 17, 2007 — Schneider Electric added PowerLogic Tenant Metering Commercial Edition to its existing range of tenant submetering software. With its utility-proven billing engine and sophisticated reporting features, the new billing software enables commercial property managers to allocate and recover the actual cost of their utilities while adhering to government cost allocation regulations. PowerLogic Tenant Metering Commercial Edition also promotes energy efficiency and helps to increase property value.
Ideally suited for commercial properties, PowerLogic Tenant Metering Commercial Edition includes fully automated meter reading functionality, an easy-to-use rate configuration tool to support complex rate structures and comprehensive invoicing for multiple utilities – water, air, gas, electricity and steam. The software supports up to 2,000 Modbus metering devices and downloads data stored in the meters, maintaining enhanced data integrity and allowing property managers to identify peak consumption periods as well as energy savings opportunities.
“PowerLogic Tenant Metering Commercial Edition fosters improved conservation measures and long-term tenant leases because property owners are sharing energy-usage information through fair and transparent billing. Studies continually document utility conservation when tenants are billed for utilities separately from the rent,” said Mark Feasel, national sales director for Schneider Electric’s Power Management Operations. “This software takes the guesswork out of tenant subbilling and protects property owners’ investments because it integrates as easily into an existing infrastructure as it does into new construction.”
Using a utility-approved methodology, PowerLogic Tenant Metering Commercial Edition identifies and corrects missing data and provides an invoice review screen for managerial review prior to invoice generation. Property managers can easily customize tenant invoices with their logos and remittance information and can choose to print invoices or save them as Adobe PDFs. Additionally, PowerLogic Tenant Metering Commercial Edition allows for the personalization of each tenant’s account, such as contact information, submeter device assignment, billing rate assignment and independent billing cycles.
About Schneider Electric
Headquartered in Palatine, Ill., the North American Operating Division of Schneider Electric had sales of $3.7 billion (U.S.) in 2006. The North American Operating Division is one of four operating divisions of Schneider Electric, headquartered in Paris, France, and markets the Square D, Telemecanique and Merlin Gerin brand products to customers in the United States, Canada and Mexico. In the United States, Schneider Electric is best known by its flagship Square D brand, with Telemecanique becoming increasingly known in the industrial control and automation markets and supported by many Square D distributors. For more than 100 years, Square D has been a market-leading brand of electrical distribution and industrial control products, systems and services. Schneider Electric is a global electrical industry leader with 2006 sales of approximately $17.2 billion (U.S.).
