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Boston, MA, June 18, 2008 -- EnerNOC Inc. announced that it has signed a contract with the Tennessee Valley Authority (TVA) to provide a minimum of 110 megawatts (MW) of demand response capacity. The program will initially target commercial and industrial customers of four power distributors within the seven-state TVA service area: Memphis Light, Gas and Water; Nashville Electric Service; Knoxville Utilities Board; and Huntsville Utilities. The contract, which is part of TVA's recently-announced energy efficiency and demand response plan, follows a successful demand response program between EnerNOC and TVA last summer, during which EnerNOC delivered demand response capacity where and when needed.
TVA has a peak demand of approximately 33,500 MW, greater than that of New England or Ontario. During the record breaking heat wave of 2007, TVA purchased as much as 20 percent of its energy from other suppliers. Demand response and energy efficiency are cost-effective alternatives for meeting future energy needs and are part of TVA's comprehensive program to reduce peak demand, reliably meet growing energy needs, and arm ratepayers with the tools and resources they need to be better energy consumers.
EnerNOC is recruiting commercial, institutional, and industrial customers throughout the Memphis, Nashville, Knoxville and Huntsville, AL areas to become part of the demand response network. In return for agreeing to reduce non-essential electricity usage during times of peak demand, customers have the ability to receive periodic payments for being "on call" throughout the year, as well as additional payments based on delivered energy reductions during events.
The contract is effective immediately and is not subject to additional regulatory approval.
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