Southern California Edison Expands Demand Response Contract With EnerNOC

SCE Chooses EnerNOC's Utility Solutions(TM) to Expand Demand Response Portfolio

BOSTON, February 6, 2013 (GLOBE NEWSWIRE) -- EnerNOC, Inc. (Nasdaq:ENOC), the world's leading provider of demand response, today announced that it has expanded its presence in Southern California through a new contract with Southern California Edison (NYSE:SCE). Under the terms of the new contract, EnerNOC will increase its number of megawatts in SCE's service territory by approximately 15 percent through December 31, 2014, consistent with the term of EnerNOC's expanded contract with PG&E announced in a press release dated February 5, 2013.

EnerNOC won the additional megawatts through a competitive bidding process in which EnerNOC was awarded more than twice as many megawatts as any other third-party provider, and more than 40 percent of all megawatts awarded to the six successful bidders.

"SCE has been a long-standing leader in utilizing demand response resources, and we're proud to build on our current relationship with SCE to deliver our innovative solutions to even more California businesses while delivering valuable capacity to the grid," said Tim Healy, Chairman and CEO of EnerNOC.

This contract covers a utility service territory where EnerNOC also has contracts to deliver commercial and industrial energy efficiency services, allowing customers in the region to benefit from an integrated energy management portfolio comprised of both demand response and energy efficiency solutions.

EnerNOC provides its Utility SolutionsTM Implementation and Consulting services to hundreds of utilities, grid operators, and power distributors worldwide, and is the largest third-party provider of demand response resources in California. Commercial, institutional, and industrial participants in EnerNOC's demand response network receive access to EnerNOC's DemandSMARTTM application, which helps increase demand response curtailment, maximize demand response payments, an improve visibility into real-time energy consumption.

About EnerNOC

EnerNOC is a leading provider of energy intelligence software. EnerNOC unlocks the full value of energy management for utility and commercial, institutional, and industrial (C&I) customers by delivering a comprehensive suite of demand-side management services that reduce real-time demand for electricity, increase energy efficiency, improve energy supply transparency in competitive markets, and mitigate emissions. EnerNOC's Utility SolutionsTM offerings, which include both implementation and consulting services, are helping hundreds of utilities and grid operators worldwide meet their demand-side management objectives. EnerNOC serves thousands of commercial, institutional, and industrial customers worldwide through a suite of energy management applications including: DemandSMARTTM, comprehensive demand response; EfficiencySMARTTM, continuous energy savings; and SupplySMARTTM, energy price and risk management. EnerNOC's Network Operations Center (NOC) offers 24x7x365 customer support. For more information, visit www.enernoc.com

Safe Harbor Statement

Statements in this press release regarding management's future expectations, beliefs, intentions, goals, strategies, plans or prospects, including, without limitation, statements relating to the ability of Mr. Moses to help EnerNOC provide value for its customers and build upon its market leadership position, may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. Forward-looking statements can be identified by terminology such as "anticipate," "believe," "could," "could increase the likelihood," "estimate," "expect," "intend," "is planned," "may," "should," "will," "will enable," "would be expected," "look forward," "may provide," "would" or similar terms, variations of such terms or the negative of those terms. Such forward-looking statements involve known and unknown risks, uncertainties and other factors including those risks, uncertainties and factors referred to under the section "Risk Factors" in EnerNOC's most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q, as well as other documents that may be filed by EnerNOC from time to time with the Securities and Exchange Commission. As a result of such risks, uncertainties and factors, the Company's actual results may differ materially from any future results, performance or achievements discussed in or implied by the forward-looking statements contained herein. EnerNOC is providing the information in this press release as of this date and assumes no obligations to update the information included in this press release or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

 

Enel Media Relations

T +1 978 513 3433
M +1 978 965 0062
krista.barnaby@enel.com

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