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Totalizer for total running time of equipment

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We are trying to define a way to archive the total time (accumulative) that and equipment item has been running.  For example, if i have a tag for a state (running/stopped) of a pump and it has the following values:

 

TAG VALUE | TIMESTAMP

-----------------------------------

RUNNING     | 08/26/2014 12:00:00

STOPPED   | 08/26/2014 12:25:00

RUNNING     | 08/26/2014 12:50:00

STOPPED   | 08/26/2014 13:25:00

RUNNING     | 08/26/2014 13:40:00

STOPPED   | 08/26/2014 14:10:00

 

then the totalizer should be 1.5hr

 

the result should keep updating as time goes on as long as the source tag exists.  can we use a totalizer or should a PE provide the solution?


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