July 26, 2016 5:10 AM ET

Professional Services

Company Overview of Priority Power Management, LLC

Company Overview

Priority Power Management, LLC provides energy management and consulting services for commercial and industrial companies. The company offers energy information management services, including utility bill processing and information access, energy bill analysis, and reporting; energy supply management services, such as procurement, aggregation, portfolio management, utility tariff audits, risk management, renewable energy supply, strategy development, utility data analysis, supplier bill audits, contract management, and metering solutions; and energy demand management services, including facility energy audits, capital projects, distributive generation, demand response programs, efficiency pr...

310 West Wall Street

Suite 500

Midland, TX 79701

United States

Founded in 2001

Phone:

432-620-9100

Fax:

432-620-9145

Key Executives for Priority Power Management, LLC

Founder and Principal
Age: 56
Managing Principal
Age: 49
Director of Operations
Managing Director of Houston Region
Chief Development & Risk Officer
Age: 52
Compensation as of Fiscal Year 2016.

Priority Power Management, LLC Key Developments

Priority Power Management Secures 9-Year Contract for City of Arlington

Priority Power Management, LLC has announced that it has successfully negotiated and secured a 9-year retail electricity supply contract for the City of Arlington. The City consumes over 72.6 million kilowatt-hours of electricity a year, across 796 electricity accounts. The new contract locks in a fixed electricity price for the City that will deliver an estimated $23.5 million (32.8%) in total electricity cost savings over the term. As an added bonus, the contract also includes $150,000 of rebates available to the City to partially offset investments in energy efficiency upgrades. The new contract will begin in January 2018 and continue through December 2026.

Priority Power Management Provides Supply and Infrastructure Solution to Prism Midstream LLC

Priority Power Management, LLC has delivered an end-to-end electric energy solution to Prism Midstream LLC for its new Bedrock Liquids Handling Facility in Crockett County, Texas. Prism Midstream LLC's Bedrock Liquids Handling Facility in Crockett County, Texas began operations on May 22, 2016. Prism began planning the development and construction of the Facility in the southern portion of the Midland Basin just north of Ozona a year ago. One of the challenges facing the project was securing adequate electricity service in a timely manner, while minimizing upfront capital investment and ensuring a low cost for electricity. After working with the local electric cooperative in the area and not being able to achieve their goals, Prism retained PPM to find a solution.

Priority Power Management, LLC Announces Successfully Negotiated and Secured Unique Retail Electricity Supply Contract for Toyota Motor

Priority Power Management, LLC ("PPM") announced that it has successfully negotiated and secured a unique retail electricity supply contract for Toyota Motor North America's new North American headquarters in Plano, Texas that begins. Earlier this year 2016, Toyota conducted a thorough search for an energy consultant to develop and implement a comprehensive energy supply purchasing strategy consisting of a combination of on-site renewable electric supply, off-site renewable electric supply, alternative fuel supply, and standard electric supply. Toyota selected and engaged PPM in March 2016 to fill this role. Working closely with the Toyota team and its engineers, PPM analyzed various potential retail electric product structures based on forecasted hourly energy consumption for the 2.1-million square-foot campus comprised of office and office support, data center and light industrial use facilities. The analysis also considered the integration of different levels of solar photovoltaic generated power system capacity interconnected to Toyota's campus primary distribution feeders behind the utility meter. PPM developed specifications and managed a competitive procurement process seeking a qualified retail electricity provider that would deliver the best overall value to Toyota. The process resulted in a 5-year electricity supply contract awarded to Houston-based MP2 Energy that was unique in many ways. The agreement included a product structure that would allow Toyota the operational flexibility to ramp up energy consumption over time, accommodations for the introduction of onsite power generation from a 7.75 MW solar PV system, the ability to receive payments from MP2 Energy for any excess power that may flow back to the grid, and the inclusion of Green-e certified renewable energy credits for all power consumed from the grid. PPM's energy consulting and advisory services engagement with Toyota will continue throughout the 5-year term of the electricity supply agreement.

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