Source: EnerNOC, Inc.
EnerNOC, Inc. (NASDAQ:ENOC), a leading provider of energy management applications for the smart grid, announced that it has extended its demand response contract with the Tampa Electric Company, the principal subsidiary of TECO Energy, Inc. (NYSE:TE), for five years through 2016. Pursuant to the terms of the agreement, EnerNOC will provide a total of up to 40 megawatts (MW) of firm, dispatchable demand response capacity to the Florida utility through its Networked Demand Response program. This resource will help Tampa Electric meet a portion of its conservation goals while also ensuring reliable and efficient service throughout its territory. This contract is effective immediately and is not subject to additional regulatory approval.
"Over the past several years, Tampa Electric has invested in a number of demand-side management programs to support our commitment to conservation. During that time, we have found commercial and industrial demand response to be a highly reliable resource that is available when we need it," said Bruce Narzissenfeld, VP Customer Care/Fuels Management at Tampa Electric. "From the beginning of our partnership, the EnerNOC team has offered superior customer service, and this program is very well-liked by our customers. We are pleased to extend our relationship with EnerNOC and provide the opportunity for more businesses and institutions to participate."
"Tampa Electric is one of EnerNOC's longest-standing utility partners, and their commitment to demand response has been stellar. This contract points to Tampa Electric's confidence in EnerNOC to deliver a cost-effective and reliable resource, and to continue to enable, support, and manage customer participation with the highest level of service," said Tim Healy, EnerNOC's Chairman and CEO. "This agreement will enable more businesses and organizations across Tampa Electric's service territory to support the grid while also reaping the benefits of participation in demand response."
EnerNOC operates demand response programs in open markets throughout the United States, Canada and the United Kingdom and maintains bilateral agreements with utilities such as the Tennessee Valley Authority, Tucson Electric Power, Salt River Project, Public Service Company of New Mexico, and Xcel Energy. As of December 31, 2010, EnerNOC had more than 5,300 MW under management across 8,600 sites.
EnerNOC extends demand response contract with Tampa Electric through 2016
Source: EnerNOC, Inc.