Rockland Electric Company Announces Power and Capacity Auctions
World Energy Solutions to Facilitate Competitive Event
NEW YORK, March 15, 2013 (GLOBE NEWSWIRE) -- World Energy Solutions, Inc.
(Nasdaq:XWES), a leading energy management services firm, today announced it
will be facilitating competitive auctions on behalf of Rockland Electric
Company (RECO). The online auctions are being conducted over the World Energy
Exchange® to help RECO hedge energy and capacity for its full-service
customers. The auctions are to be held on April 26, 2013 at 10:00 a.m. EDT.
RECO is seeking competitive offers for financial energy swap futures
transactions as well as a financially settled UCAP swap futures transaction.
RECO will seek a financially settled energy swap futures transaction for NYMEX
NYISO Zone G (Peak and Off-Peak) products for the period from June 1, 2013 –
May 31, 2014 and a financially settled UCAP swap futures transaction for a
NYMEX NYISO Rest of State Capacity product for the period June 1, 2013 – May
31, 2014. All transactions will be processed by a designated third-party
clearing house and will be cleared on NYMEX.
For more information about this event, please refer to the auction
announcement on the World Energy auction platform at:
contact Sean Perry at firstname.lastname@example.org or (508) 459-8147.
The Rockland Electric utility company serves more than 60,000 residential
customers in northern New Jersey.
About World Energy Solutions, Inc.
World Energy Solutions, Inc. (Nasdaq:XWES) is an energy management services
firm that brings together the passion, processes and technologies to take the
complexity out of energy management and turn it into bottom-line impact for
the businesses, institutions and governments we serve. To date, the Company
has transacted more than $30 billion in energy, demand response and
environmental commodities on behalf of its customers, creating more than $1
billion in value for them. World Energy is also a leader in the global carbon
market, where its World Energy Exchange® supports the Regional Greenhouse Gas
Initiative (RGGI), the first mandatory market-based regulatory program in the
U.S. to reduce greenhouse gas emissions. For more information, please visit
The World Energy Solutions, Inc. logo is available at
This press release contains forward-looking statements that are subject to
risks and uncertainties that could cause actual results to differ from those
indicated in the forward-looking statements. Such risks and uncertainties
include, but are not limited to, the following: our revenue and backlog are
dependent on actual future energy purchases pursuant to completed
procurements; the demand for our services is affected by changes in regulated
prices or cyclicality or volatility in competitive market prices for energy;
the potential impact on our historical and prospective financial results of a
change in accounting policy may negatively impact our stock price; and other
factors outside our control that affect transaction volume in the electricity
market as well as our overall business. Additional risk factors are identified
in our Annual Report on Form 10-K and subsequent reports filed with the
Securities and Exchange Commission.
CONTACT: Sean Perry - Auction inquiries
World Energy Solutions, Inc.
Dan Mees - Media and investor inquiries
World Energy Solutions, Inc.
World Energy Solutions, Inc. logo
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