Southern California Edison Expands Demand Response Contract With EnerNOC
SCE Chooses EnerNOC's Utility Solutions(TM) to Expand Demand Response
BOSTON, Feb. 6, 2013 (GLOBE NEWSWIRE) -- EnerNOC, Inc. (Nasdaq:ENOC), the
world's leading provider of demand response, today announced that it has
expanded its presence in Southern California through a new contract with
Southern California Edison (NYSE:SCE). Under the terms of the new contract,
EnerNOC will increase its number of megawatts in SCE's service territory by
approximately 15 percent through December 31, 2014, consistent with the term
of EnerNOC's expanded contract with PG&E announced in a press release dated
February 5, 2013.
EnerNOC won the additional megawatts through a competitive bidding process in
which EnerNOC was awarded more than twice as many megawatts as any other
third-party provider, and more than 40 percent of all megawatts awarded to the
six successful bidders.
"SCE has been a long-standing leader in utilizing demand response resources,
and we're proud to build on our current relationship with SCE to deliver our
innovative solutions to even more California businesses while delivering
valuable capacity to the grid," said Tim Healy, Chairman and CEO of EnerNOC.
This contract covers a utility service territory where EnerNOC also has
contracts to deliver commercial and industrial energy efficiency services,
allowing customers in the region to benefit from an integrated energy
management portfolio comprised of both demand response and energy efficiency
EnerNOC provides its Utility Solutions™ Implementation and Consulting services
to hundreds of utilities, grid operators, and power distributors worldwide,
and is the largest third-party provider of demand response resources in
California. Commercial, institutional, and industrial participants in
EnerNOC's demand response network receive access to EnerNOC's DemandSMART™
application, which helps increase demand response curtailment, maximize demand
response payments, and improve visibility into real-time energy consumption.
EnerNOC unlocks the full value of energy management for our utility and
commercial, institutional, and industrial (C&I) customers by reducing
real-time demand for electricity, increasing energy efficiency, improving
energy supply transparency in competitive markets, and mitigating emissions.
EnerNOC serves thousands of commercial, institutional, and industrial
customers worldwide through its suite of energy management applications
including: DemandSMART™, comprehensive demand response; EfficiencySMART™,
continuous energy savings; and SupplySMART™, energy price and risk management.
EnerNOC's Utility Solutions™ offerings, which include Implementation and
Consulting services, have helped hundreds of utilities and grid operators
worldwide meet their demand-side management objectives. Our Network Operations
Center (NOC) offers 24x7x365 customer support. For more information, visit
The EnerNOC, Inc. logo is available at
Safe Harbor Statement
Statements in this press release regarding management's future expectations,
beliefs, intentions, goals, strategies, plans or prospects, including, without
limitation, statements relating to the Company's energy management
applications and services, in particular its DemandSMART application, and the
ability of EnerNOC to expand the value it brings to its utility and C&I
customers, may constitute forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995 and other federal securities
laws. In addition, certain of EnerNOC's contracts and expansion of existing
contracts may be subject to approval of state or local regulatory agencies.
There can be no assurance that such approvals will be obtained on a timely
basis or at all. Forward-looking statements can be identified by terminology
such as "anticipate," "believe," "could," "could increase the likelihood,"
"estimate," "expect," "intend," "is planned," "may," "should," "will," "will
enable," "would be expected," "look forward," "may provide," "would" or
similar terms, variations of such terms or the negative of those terms. Such
forward-looking statements involve known and unknown risks, uncertainties and
other factors including those risks, uncertainties and factors referred to
under the section "Risk Factors" in EnerNOC's most recent Annual Report on
Form 10-K and subsequent Quarterly Reports on Form 10-Q, as well as other
documents that may be filed by EnerNOC from time to time with the Securities
and Exchange Commission. As a result of such risks, uncertainties and factors,
the Company's actual results may differ materially from any future results,
performance or achievements discussed in or implied by the forward-looking
statements contained herein. EnerNOC is providing the information in this
press release as of this date and assumes no obligations to update the
information included in this press release or revise any forward-looking
statements, whether as a result of new information, future events or
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