March 5, 2007

Eschelon Energy Partners portfolio company Itron (NASDAQ ITRI) announced February 26, 2007 the $1.6 billion acquisition of privately held Actaris. To quote Barrons (www.Barrons.com) March 5, 2007 page M5), “the merger will create a global leader in next-generation meter technology. It will also be No. 1 for electric meters, No. 2 for gas, and the fourth-largest for water.” The acquisition closed April 18, 2007.