March 27, 2009 (FinancialWire) -- EnerNOC, Inc. (NASDAQ: ENOC), a developer and provider of clean energy solutions, has entered into contracts with four investor owned utilities (IOUs) to provide 250 megawatts of demand response capacity in the state of Maryland.

The four IOUs are Allegheny Power, Baltimore Gas and Electric, Delmarva Power and Light Company, and Potomac Electric Power Company (PEPCO).

In November 2008, the Maryland Public Service Commission directed the IOUs to seek proposals for additional capacity to address the possibility of supply inadequacies between 2011 and 2016.

The PSC awarded EnerNOC greater than 60% of the total capacity granted in its final order. The resulting four contracts that EnerNOC has signed each cover the 2011/12 through 2014/15 PJM delivery years.

Tim Healy, CEO of EnerNOC, said, "EnerNOC's financial strength enables us to participate in scale in some of the largest and most attractive demand response markets, like this opportunity in Maryland."

In total, EnerNOC has signed contracts with seven different utilities in the first quarter of 2009.

EnerNOC's technology-enabled demand response and energy management solutions allows the company to optimize and balance electric supply and demand. The company uses its network operations center, or NOC, to remotely manage and reduce electricity consumption across a network of commercial, institutional, and industrial customer sites and make demand response capacity and energy available to grid operators and utilities on demand.

The company's stock has been on the rise in 2009, trading around $15 early on 3/27, only $9 off its 52-week high of $24.

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