Comverge and Tampa Electric Launch "Energy PlannerSM" Price Responsive Pilot
Tampa, FL, July 5, 2005 – Tampa Electric and Comverge, Inc. announced today that they have partnered to launch a price responsive load control pilot utilizing Comverge's MaingateTM Home system. Called The Energy PlannerSM system, the pilot will seek to examine the impacts of critical peak pricing on reducing Tampa Electric's winter and summer peaks.
Beginning with the July billing cycle, the Energy PlannerSM system will allow participating Tampa Electric customers to choose lower-priced electricity at certain times by using a programmable thermostat. The program will also help Tampa Electric better meet peak energy demands.
Comverge is providing installation and personnel training services along with all hardware and software for the pilot and will continue to provide hosting services and program support through the life of the pilot. "Programs with this kind of potential to reduce demand on our generating system happen rarely and we are eagerly waiting to see actual field data," said Tim Richardson, Rate Analyst of Tampa Electric's Regulatory Affairs.
"We are excited to partner with Tampa Electric on this project. The potential energy savings from implementing such a program on a broad scale are promising and we look forward to seeing this pilot through to a successful and energy-conscious future," said Robert M. Chiste, President and CEO of Comverge, Inc. "Shifting electric loads off the peak periods makes good economic sense for ratepayers and all utilities whether municipally, investor, or co-operative owned. We are seeing many utilities re-visit load management programs in light of today's volatile energy markets and reduced communications costs."
About Tampa Electric Company
Tampa Electric Company is the principal subsidiary of TECO Energy, Inc. (NYSE: TE), an integrated energy-related holding company with core businesses in the utility sector, complemented by a family of unregulated businesses. Tampa Electric Company is a regulated utility with both electric and gas divisions (Tampa Electric and Peoples Gas System). Other subsidiaries are engaged in waterborne transportation, coal and synthetic fuel production and independent power.
About Comverge, Inc.
Comverge, Inc., The Power in Power TechnologyTM, is a leading energy intelligence company recently recognized as one of Red Herring's Top 100 Private Companies in North America for 2005. Comverge's investors include Nth Power, EnerTech Capital, Data Systems & Software, Inc. (NASDAQ: DSSI), E.ON Venture Partners GmbH (NYSE: EON), Ridgewood Capital, Easton Hunt Capital Partners, L.P., Norsk Hydro Technology Ventures (NYSE: NHY), Rockport Capital Partners, and Shell Internet Ventures, an affiliate of the Royal Dutch/Shell Group of Companies (NYSE: RD). Comverge is represented across the world with offices and research facilities in Atlanta, Georgia; East Hanover, NJ; Newark, California; Pensacola, Florida; and Tel Aviv, Israel. Providing software and system solutions to over 500 clients in the electric utility industry, Comverge implements both integrated and outsourced solution based models for remote meter reading, distributed generation monitoring, and time-of-use billing and demand response, and direct or voluntary load control initiatives. For more information visit www.comverge.com.