Comverge, Inc. (Nasdaq:COMV), a leading provider of Intelligent Energy Management solutions for Residential and Commercial and Industrial customers, today announced that it has been selected by PPL Electric Utilities to support its residential energy efficiency and conservation program. Comverge will work with PPL Electric Utilities to address a portion of the demand response targets mandated by Pennsylvania Act 129 through May 2013 with the option for an additional five year contract renewal. Pennsylvania Act 129 requires PPL Electric Utilities to reduce peak demand by 4.5 percent during the summer of 2012 and overall customer energy consumption by 3 percent by May 2013.
Based in Allentown, PA, PPL Electric Utilities provides electric delivery service to 1.4 million customers in 29 counties of eastern and central Pennsylvania and has consistently ranked among the best utilities for customer service in the United States. To support the program with PPL Electric Utilities, Comverge will leverage the enterprise-class capabilities of its IntelliSOURCE Platform to manage the successful delivery of the company's residential direct load control. Under the agreement, Comverge will recruit, enroll and install 50,000 energy management devices that will be owned and managed by the Comverge IntelliSOURCE Platform.
"To consistently rank among the best utilities for customer service in the country is a testament to the team at PPL Electric Utilities and we are proud to be helping them maintain that reputation," said Comverge President and CEO, R. Blake Young. "This agreement is also a testament to our ability to deliver on sophisticated payment-by-results contracts with our comprehensive intelligent energy management solutions. No other competitor in the market can deliver these types of offerings because they don't have the vertically integrated services, technology and software that Comverge provides."
Comverge has worked with PPL Electric Utilities since 2001, supporting the advanced metering initiatives of its largest commercial and industrial clients. The new contract builds on both that role and Comverge's strong recent momentum in the state, which includes a recent 3-year agreement with PECO, one of Pennsylvania's largest utilities, to provide a comprehensive program to support the PECO Smart IdeasSM initiative.
PPL Electric Utilities taps Comverge for demand response program