EnerNOC Expands Contract With Tucson Electric Power Through 2020
WASHINGTON and BOSTON, May 20, 2014 (GLOBE NEWSWIRE) -- Today at the National Town Meeting on Demand Response and Smart Grid, EnerNOC, Inc. (Nasdaq:ENOC), a leading provider of energy intelligence software (EIS), announced that Tucson Electric Power (TEP) has extended and expanded its EnerNOC Demand ResourceTM contract with EnerNOC for up to 45 megawatts of demand response capacity through 2020. TEP provides power to approximately 413,000 customers in the Tucson metropolitan area and is the largest corporation headquartered in southern Arizona.
"This agreement with Tucson Electric Power exemplifies how demand response can be tailored to fit the needs of different utilities," said Tim Healy, Chairman and CEO of EnerNOC. "Our successful work with TEP over the past four years has delivered significant value to its enterprise customers. We are excited to continue to work together for years to come."
"Our partnership with EnerNOC allows TEP to offer an innovative and flexible demand response program that helps us manage critical energy demands while providing significant benefits for our customers," said Denise Smith, TEP's Director of Customer Programs and Services. "We look forward to our continued collaboration with EnerNOC."
In addition to system operations and customer benefits, demand response capacity helps TEP achieve goals pursuant to Arizona's Energy Efficiency Standard, which requires electric utilities to increase energy savings each year through customer- funded energy efficiency programs until the cumulative usage reduction reaches 22 percent by 2020.
EnerNOC and TEP have partnered since 2010 to implement a demand response program for TEP's commercial and industrial customers, and will continue to work closely on customer recruitment. EnerNOC Demand Resource is a capacity-based agreement that provides utilities an assured level of load reduction delivered by EnerNOC on a turnkey, fully outsourced basis. To learn more about EnerNOC's energy intelligence software and solutions for utilities and retail energy suppliers, visit http://www.enernoc.com/for-utilities.
EnerNOC (Nasdaq:ENOC) is a leading provider of energy intelligence software (EIS). Thousands of enterprises worldwide use EnerNOC applications and professional services to bring new clarity to how they buy energy, how much they consume, and when they use it to drive operational efficiency, improve productivity, and manage energy expenses. EnerNOC's suite of EIS applications for the enterprise include: SupplySMARTTM, energy supply and utility bill management applications; EfficiencySMARTTM, energy consumption and energy project management applications; and DemandSMARTTM, demand response and demand management applications. Hundreds of utilities and grid operators worldwide rely on EnerNOC applications to meet demand-side management objectives, enhance grid reliability, and provide cost-effective alternatives to traditional power supply resources. EnerNOC's applications for utilities include EnerNOC Demand ResourceTM, a capaci-ty based agreement that provides utilities an assured level of load reduction delivered by EnerNOC on a turnkey, fully outsourced basis, and EnerNOC Demand ManagerTM, softwa-raes-a-service (SaaS) that provides utilities and retailers with the tools to manage their demand response programs. EnerNOC's Network Operations Center (NOC) offers 24x7x365 customer support. For more information, visit www.enernoc.com.
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