East Hanover, NJ, U.S.A. — (METERING.COM) — October 9, 2007 – Comverge, Inc., a provider of clean energy solutions through demand response and energy efficiency, has executed a ten year Virtual Peaking Capacity™ (VPC™) contract with The Connecticut Light and Power Company (CL&P). The VPC program will enable CL&P to utilize up to 130 MW of clean capacity in times of peak energy demand, for increased grid reliability at a lower cost than conventional alternatives. The contract is pending approval from the Connecticut Department of Public Utility Control (DPUC). The original plan for the program was supported by the DPUC as a result of Connecticut’s Energy Independence Act legislation.
Robert M. Chiste, Chairman, President and CEO of Comverge, said: "Comverge is pleased to deliver to CL&P existing demand response capacity developed over the past four years within the southwestern Connecticut area under our ISO New England contracts, in addition to new capacity which will be enrolled over the initial five year period of the contract. Demand response programs are becoming a key element in the operation of the electric grid. The CL&P agreement will be our eighth, and largest, VPC contract. Comverge looks forward to working with CL&P on expanding the amount of demand response capacity and the geographic reach of the program across the entire CL&P service territory and providing benefits to all CL&P customers by providing a means of lowering Connecticut’s peak electric demand."
Under the VPC program, which will be marketed to CL&P’s residential and small commercial and industrial customers, Comverge will build, operate maintain, and own the system to deliver 130 MWs of residential and small commercial and industrial demand response. Comverge will be working with CL&P to ensure compatibility with unfolding advanced metering technology.
"Our commitment to deliver reliable and cost effective power to our customers is second to none," said Ron Araujo, Manager of Conservation and Load Management Programs, Connecticut Light & Power. "The Comverge VPC program will help us to continue providing the level of service our customers expect using an environmentally responsible solution."