A Demand Management solution that will enable over 600 megawatts of clean energy capacity by 2011
HOUSTON, February 19, 2008 -- Cooper Power Systems, a division of Cooper Industries, Ltd. (NYSE: CBE), announced today that it has been selected by Baltimore Gas and Electric Company (BGE), a subsidiary of Constellation Energy, to provide a system for peak demand reduction designed for BGE’s residential customers. The Cannon Demand Management solution, which is a product of Cooper Power System’s Energy Automation Solutions (EAS) group, supports a number of BGE goals including ensuring system reliability and helping customers manage their energy use. Cooper expects the project will represent $42 million in revenue over the period 2008-2011—and when expanded to full capacity, it will provide more than 600 megawatts of clean energy capacity by 2011.
Cooper Power Systems’ EAS group is providing BGE a solution comprised of its Yukonïƒ’ enterprise software, along with a combination of state-of-the-art smart thermostats and control switches utilizing a wireless communications system. “With the largest demand response business in North America, Cooper is committed to supplying world-class technology solutions that assist our utility customers in improving service reliability while providing clean energy and reducing customer bills,” said Cooper Power Systems President Mike Stoessl, “The Cannon Demand Management solution will support the combined needs of BGE and EmPOWER Maryland (the State’s energy consumption reduction initiative) - satisfying their common goal to reduce energy use and provide bill savings to the end consumer.”
“BGE selected the Cannon Demand Management solution after a thorough evaluation process,” said William Pino, director of electricity supply and forecasting for BGE. “BGE announced its Smart Energy Savers ProgramSM in January of 2007, and during the summer successfully piloted the residential demand response program to support a reduction in peak electric demand usage and energy conservation efforts. BGE’s Smart Energy Savers ProgramsSM is a customer-focused service tailored to give residential consumers more options for managing their energy costs. The program includes several initiatives such as Cannon’s Demand Management solution utilizing smart thermostats and air conditioner load control switches, energy efficiency/conservation programs (such as rebates for energy efficient appliances and discounts for compact florescent light bulbs) and advanced metering (smart meters) to facilitate dynamic pricing options for our customers.”
About Baltimore Gas and Electric Company
BGE, www.bge.com, headquartered in Baltimore, is Maryland’s largest gas and electric utility, delivering power to more than 1.2 million electric customers and more than 640,000 natural gas customers in Central Maryland. The company’s approximately 3,000 employees are committed to the safe and reliable delivery of gas and electricity, as well as enhanced energy management, conservation, environmental stewardship and community assistance. BGE is a wholly-owned subsidiary of Constellation Energy, www.constellation.com, a FORTUNE 125 company also headquartered in Baltimore with subsidiaries that generate, sell and deliver energy and provide other energy-related services to customers throughout North America.
About Cooper Power Systems
Cooper Power Systems, Inc., with revenues of approximately $1.3 billion, is a division of Cooper Industries, Ltd. (NYSE: CBE). Cooper Power Systems is a global manufacturer of world-class power delivery and reliability solutions for the electrical and industrial markets. Through its Energy Automations Solutions group, it is also a leading provider of software, communications and integration solutions that enable customers to increase productivity, improve system reliability, and reduce costs. For more information, go to www.cooperpower.com, www.cannontech.com or www.cybectec.com.
About Cooper Industries
Cooper Industries, Ltd. is a global manufacturer with 2007 revenues of $5.9 billion, approximately 87 percent of which are from electrical products. Incorporated in Bermuda with administrative headquarters in Houston, Cooper employs approximately 31,500 people and operates eight divisions: Cooper B-Line, Cooper Bussmann, Cooper Crouse-Hinds, Cooper Lighting, Cooper Power Systems, Cooper Safety, Cooper Wiring Devices and Cooper Tools. Cooper Connection provides a common platform to better serve our electrical distributors, specifiers and end user customers across all Cooper. For more information, visit the website at www.cooperindustries.com.