PPL EnergyPlus Selects Comverge for Energy Management
EAST HANOVER, N.J., July 1, 2008 Comverge, Inc. (Nasdaq: COMV), a leading clean capacity provider through demand response and energy efficiency, announced today that it has been selected by PPL EnergyPlus, LLC, for full-service energy management services that include demand response programs, metering and integration, and other energy curtailment services as part of PPL EnergyPlus' continuing initiative to strengthen its competitive energy business.
PPL EnergyPlus is the energy marketing and trading subsidiary of PPL Corporation, a Fortune 500 energy company based in Allentown, PA. PPL EnergyPlus buys and sells energy commodities and structured products in competitive wholesale markets and deregulated retail markets for commercial and industrial (C&I) customers.
Comverge will extend the energy services PPL EnergyPlus offers to its C&I customers through comprehensive energy solutions provided to produce energy load reduction and related services in the PJM market. With generation rate caps in Pennsylvania expiring at the end of 2009, PPL EnergyPlus will offer more energy services to its customers.
"We wanted a partner with the depth and breath of energy curtailment offerings who also happens to have the experience with providing energy services in the PJM region," said Gene Alessandrini, senior vice president of marketing for PPL EnergyPlus. "That partner is Comverge. It is critical to offer our customers services that allow them to manage their energy usage and costs, and Comverge will help us do that."
Pursuant to the program, Comverge will enroll PPL EnergyPlus C&I customers in demand response programs administered by the Regional Transmission Organization (RTO) or the Independent System Operator (ISO) which will compensate customers for curtailing load against specific program parameters.
"Our technologies that we will deploy in the program with PPL EnergyPlus are designed to reduce energy costs of their customers during peak times when the price of energy is high, or energy flow on the electricity grid is congested," said George Hunt, senior vice president of sales for Comverge's Enerwise Group. "Our goal is to reduce energy costs, improve reliability and maximize efficiency for PPL EnergyPlus' customers and we are thrilled to be working with them."
About Comverge
Comverge is a leading provider of clean energy solutions that improve grid reliability and supply electric capacity on a more cost effective basis than conventional alternatives by reducing base load and peak load energy consumption. For more information, visit www.comverge.com.
About PPL EnergyPlus, LLC
PPL EnergyPlus is the energy marketing and trading subsidiary of PPL Corporation, a Fortune 500 energy company based in Allentown, Pa. PPL EnergyPlus buys and sells energy commodities and structured products in competitive wholesale markets. PPL EnergyPlus is also active in deregulated retail markets, and offers electricity supply, natural gas supply and renewable energy products to commercial, industrial and institutional customers. For additional information: http://www.pplenergyplus.com.
For Additional Information
Christina Kelly
Corporate Communications Manager
Comverge Inc.
509-435-6341
