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Comverge Announces California Public Utility Commission's Approval of Expanded Demand Response Program with San Diego Gas & Electric

East Hanover, NJ: June 7, 2007 – Comverge, Inc. (NASDAQ: COMV) (“Comverge”), a leading clean capacity provider of energy solutions through demand response, announced today that the California Public Utilities Commission has approved the expansion of its Demand Response Capacity Delivery Agreement for an additional 30 megawatts with San Diego Gas & Electric (SDG&E). Under the Virtual Peaking Capacity (VPC) program SDG&E will be provided with up to 100 megawatts of clean capacity for their residential and small commercial and industrial customers. With this approval, Comverge now has nearly 500 megawatts under long term contract, including over 150 megawatts in California alone.

Comverge’s VPC program allows SDG&E to call upon needed capacity that can be dispatched within minutes throughout the designated service territory. The fully outsourced program is environmentally friendly and designed to utilize the region’s energy resources more efficiently through capturing benefits not possible with traditional generation while also avoiding line losses and relieving transmission constrained areas.

Robert M. Chiste, Comverge’s Chairman, President and CEO commented, “Comverge’s demand response programs are a key clean energy component to any utility’s resource plan; the recently approved expansion of our VPC program with SDG&E is a validation and acceptance of the value and cost benefit our clean capacity programs bring to the industry. This expansion demonstrates another potential growth opportunity for Comverge by expanding our current long term contracts with utilities throughout the country as the value of our pay for performance VPC programs become apparent.”

About Comverge
Comverge is a leading clean capacity provider of energy solutions that enhance grid reliability and enable utilities to increase available electric capacity during periods of peak energy demand. Our solutions support national efforts toward nationwide carbon reductions while providing peak capacity on a more cost-effective basis than conventional alternatives. For more information, visit www.comverge.com. “VIRTUAL PEAKING CAPACITY” and “VPC” are trademarks of Comverge, Inc.

This press release contains certain statements that may include "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical facts, included herein are "forward-looking statements." Included among "forward-looking statements" are, among other things, statements regarding expected electricity capacity. Although Comverge believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. The actual results for Comverge could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including market conditions and other risks typically associated with securities offerings. In particular, the forward-looking statements of Comverge are subject to the risks and uncertainties discussed in Comverge's registration statement on Form S-1, as amended, that is filed with the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required under the securities laws, Comverge does not assume a duty to update these forward-looking statements.

Contact
At Comverge, Chris Neff, Director of Marketing, 973.947.6064, cneff@comverge.com.

 

 

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