Comverge Announces Nora Mead Brownell's Appointment to its Board of Directors
Distinguished Former FERC Commissioner Joins Board of Leading Clean Energy Provider
East Hanover, NJ - January 10, 2007: Comverge, Inc. announced today that Ms. Nora Mead Brownell, an expert in the energy industry and former Federal Energy Regulatory Commission (FERC) Commissioner, has joined its Board of Directors.
Prior to this appointment, Commissioner Brownell served a five year term at the FERC, where she championed the development of regional transmission organizations and markets for wholesale power, which now represent the electricity market structure serving two-thirds of the U.S. $10 trillion economy. Prior to serving on the FERC, Ms. Brownell served as a member of the Pennsylvania Public Utility Commission from 1997 to 2001, where Ms. Brownell helped to establish the framework for one of the most successful retail electric markets in the country. Ms. Brownell previously served as Acting Executive Director of the Regional Performing Arts Center in Philadelphia, a $200 million arts and economic development initiative, as Senior Vice President of Meridian Bancorp, Inc.'s Corporate Affairs Unit, and as Deputy Executive Assistant to former Pennsylvania Governor Richard Thornburgh. Ms. Brownell is also a former President of the National Association of Regulatory Utility Commissioners. Ms. Brownell ha s served on the Boards of Times Publishing Company, Millennium Bank, Foundation of Architecture, Philadelphia Free Library and Need in Deed.
"We are pleased to welcome the distinguished former Commissioner Nora Brownell as the newest member of our Board of Directors," stated Robert Chiste, Chairman, President, and CEO of Comverge. "Ms. Brownell's extensive background in both energy and business, coupled with her passion for demand response and energy efficiency, will bring added depth and experience to our Board. Her frequent reference to demand response and energy efficiency as the "fifth fuel" epitomizes Comverge's position that demand response should be a significant component of all utilities' integrated resource plans. We are looking forward to continuing as a leader in developing the Clean Energy sector through our experienced leadership, innovative business models, and unique solutions."
Ms. Brownell commented on her enthusiasm for the appointment, stating "Comverge is emerging as a leader in the Clean Energy industry, and the company's innovations in business models and products have built the foundation not for the demand response industry as a whole. The unique delivery of electric capacity through its Virtual Peaking CapacityTM "pay-for–performance" offering affords an excellent opportunity for our customers, their regulators, environmentalists, and consumers. I am looking forward to the opportunity of working with the Comverge team to realize our aspirations and goals for the company."
Comverge is a leading provider of clean energy solutions that enhance grid reliability and enable utilities to increase available electric capacity during periods of peak energy demand on a more cost-effective basis than conventional alternatives.