VICTORIA, BC (July 13, 2001) - Power Measurement, a leading provider of enterprise energy management systems, today announced it has received Measurement Canada approval for its ION 7600(TM) and ION 7500(TM) advanced panel-mount energy and power quality meters. The approval allows the meters to be used in revenue billing applications in Canada. In addition, the company's ION 8500(TM) socket-based energy meter has recently passed all Hydro Quebec homologation tests and is now approved for revenue metering use by that utility.

Power Measurement's ION family of products includes digital 3-phase meters that integrate revenue-class measurements with advanced power quality analysis, alarming and control capabilities, and multi-port communications. Some meters offer direct Internet and Ethernet connectivity with MeterM@il(R) e-mail messaging and WebMeter(TM) web browser access. ION products are used by more than ten of Canada's major power utility companies in applications ranging from revenue metering and power quality verification at customer service entrances to generation and substation monitoring and control.

About Power Measurement: Power Measurement is a leading provider of enterprise energy management systems for energy suppliers and consumers worldwide. The company's ION(R) web-ready software and intelligent electronic devices comprise a complete real-time information and control network that supports billing for complex energy contracts and helps improve power quality, reduce energy costs and keep operations running enterprise-wide, 24 hours a day. For more information, visit the Power Measurement web site at www.pml.com

Media Contact:

Terry Tobin Director Marketing Communications POWER MEASUREMENT Tel: (250) 652-7100 (#7528) Fax: (250) 652-0411 E-mail: terry_tobin@pml.com Web: www.pml.com