California Public Utilities Commission Approves Two EnerNOC Contracts
November 18, 2009 (FinancialWire) — EnerNOC, Inc. (NASDAQ: ENOC), a provider of clean and intelligent energy solutions, announced that the California Public Utilities Commission has approved two separate contracts to provide demand response and distributed generation resources in Southern California.
The first contract, which has a 15-year term, was approved on September 10, 2009. As outlined by the CPUC, “EnerNOC will provide up to 25 megawatts of dispatchable load reduction during the 2010 capacity delivery season, which will increase to 35 MWs during the 2011 capacity delivery season and finally to 40 MWs starting with the 2012 capacity delivery season until the end of the contract term.” (http://docs.cpuc.ca.gov/PUBLISHED/FINAL_DECISION/106869.htm)
Under the terms of the second contract, which was approved on October 15, 2009, EnerNOC will “provide up to 25 megawatts of reliable, dispatchable power…by aggregating and coordinating the generation from a number of relatively small diesel back-up generators.” EnerNOC currently operates an existing 25 MW clean generation network in the region that can respond to the utility’s dispatch signal in less than 10 minutes. (http://docs.cpuc.ca.gov/PUBLISHED/FINAL_DECISION/108569.htm)
To create a clean generation network, EnerNOC installs secure communication gateways and particulate matter filters on existing backup generators located at commercial, institutional, and industrial customer sites. The PM filters are designed to absorb 85% or more of specified diesel emissions, significantly reducing each generator’s carbon emissions, among other pollutants. In addition to receiving payments for their participation, each site receives generator maintenance, including upgrades, retrofits, and routine testing for the systems in the clean generation network to ensure reliable, efficient performance.
The decision to approve the new 25 MW clean generation contract was endorsed by the Sierra Club, in recognition of the fact that leveraging existing generation resources has less of an environmental impact than relying on the construction of new peaking power plants and that avoiding brownouts and blackouts, which are harmful to the environment, has a positive net benefit. In October 2007, for example, EnerNOC’s clean generation network was dispatched in response to system stress caused by severe wildfires. Within minutes, EnerNOC brought all available systems online and the clean generation network was providing valuable support to the grid.
FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) web site (http://www.financialwire.net/disclosures.php). Contact FinancialWire(tm) directly via inquiries@financialwire.net.
Free annual reports, filings and conference call webcasts for companies mentioned in the news are available via Investrend Syndications (http://investrend.ar.wilink.com/?level=279). Tuesday’s issued reports and/or recorded webcasts include Cavico Corp. (OTCBB: CVIC), Thornburg Ltd. Term Income Fund (NASDAQ: THIFX), Apache Corp. (NYSE: APA), Baytex Energy Trust (NYSE: BTE), Citizens, Inc. (NYSE: CIA), Scottish Oriental Smaller Companies Trust PLC (OTC: SCSHF) (London Stock Exchange: SOST), JPMorgan Elect Plc (London Stock Exchange: JPE) and Solitario Exploration & Royalty Corp. (AMEX: XPL).
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.