Exhibit 99.1

Itron CFO Dave Remington to Retire; Steve Helmbrecht Announced as Successor

    SPOKANE, Wash.--(BUSINESS WIRE)--Oct. 11, 2004--Itron, Inc.
(Nasdaq:ITRI), announced today that David G. Remington, vice president
and chief financial officer will retire as CFO effective December 31,
2004. Replacing him at that time will be Steven M. Helmbrecht, vice
president and general manager, International. Easing the transition of
CFO responsibilities will be that Remington will continue to be
involved with Itron on a part time basis for two years, providing
financial and strategic consulting services.
    "Dave has been a driving force behind the five acquisitions that
Itron has completed in the last three years, and was instrumental in
obtaining the capital resources necessary to complete them," said
LeRoy Nosbaum, chairman and CEO. "We are very grateful to him for his
many significant contributions to our transformation and growth, and
his financing innovations in the almost nine years that he has been
with us."
    "Dave will be handing over the financial responsibilities of the
Company to a very qualified successor. Steve has a demonstrated track
record in both operations and finance and is a valued member of the
Itron leadership team," continued Nosbaum.
    Steve Helmbrecht joined Itron in September 2002 as vice president
and general manager, International. Prior to joining Itron, Helmbrecht
was chief financial officer of LineSoft Corporation, a leading
provider of engineering design software and services to the electric
utility industry, which Itron acquired in 2002. Helmbrecht spent seven
years with SS&C Technologies, Inc., a leading provider of portfolio
management and accounting software where he had executive
responsibilities for international sales, marketing and operations.
Helmbrecht has a B.A. in Business Administration (Accounting) from the
University of Washington and a Master of Taxation from the University
of Denver.

    About Itron:

    Itron is a leading technology provider and critical source of
knowledge to the global energy and water industries. More than 3,000
utilities worldwide rely on Itron technology to deliver the knowledge
they require to optimize the delivery and use of energy and water.
Itron delivers value to its clients by providing industry-leading
solutions for electricity metering, meter data collection, energy
information management, demand side management and response, load
forecasting, analysis and consulting services, transmission and
distribution system design and optimization, Web-based workforce
automation, commercial and industrial customer care and residential
energy management. To know more, start here: www.itron.com.


    CONTACT: Itron, Inc.
             Mima Scarpelli, 509-891-3565
             mima.scarpelli@itron.com