System and method for improved security in advanced metering infrastructure networks

A system includes at least one processor to receive a second public key, a first random number, and a second random number, and store the second public key, the first random number, and the second random number in an installation record, perform key agreement with a first private key and the second public key to determine a MasterSecret, perform key expansion with the MasterSecret, the first random number, and the second random number to generate a client authentication key, a server authentication key, a client encryption key, and a server encryption key, and store the client authentication key, the server authentication key, the client encryption key, and the server encryption key and delete the MasterSecret.