The press release states, “EnerNOC, Inc. (NASDAQ: ENOC), the leading provider of demand response applications and services, today announced that it has entered into a contract with PPL Electric Utilities Corporation, a subsidiary of PPL Corporation (NYSE: PPL), to provide 300 megawatts of demand response capacity. By drawing upon its DemandSMART™ network of commercial, institutional, and industrial customer sites throughout PPL Electric Utilities’ service territory, EnerNOC will assist the utility in achieving the load reduction targets established by Pennsylvania Act 129. This contract is subject to the approval of the Pennsylvania Public Utility Commission.
“Over the past several years, EnerNOC has built a significant portfolio of demand response capacity in Pennsylvania, and with this contract, our network of commercial, institutional, and industrial sites will deliver more value to Pennsylvanian ratepayers,” said Tim Healy, Chairman and CEO of EnerNOC. “We believe that leveraging demand response is the most reliable and cost-effective way to achieve Pennsylvania’s goal of reducing energy consumption and demand. With this partnership, EnerNOC will continue a long tradition of delivering proven, integrated demand-side resources to its utility customers, like PPL, and help their customers experience the bottom-line benefits of better energy management.””
Read more: Press Release