EnerNOC (ENOC) Secures Over $100 Million of Future Potential Revenue in PJM for 2012/13 Delivery Year
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EnerNOC, Inc. (Nasdaq: ENOC) announced that it has secured over $100 million of future potential revenue in the PJM Interconnection (PJM) market as a result of the 2012/13 Reliability Pricing Model Base Residual Auction (BRA). This future potential revenue is for demand response capacity to be delivered from June 1, 2012 through May 31, 2013.
"EnerNOC's financial strength and technological differentiation has helped it establish strong penetration in the PJM market, and we're excited to build upon that leadership position," said Tim Healy, EnerNOC's Chairman and CEO. "PJM's market structure enables demand response and energy efficiency to play an important role in enhancing grid reliability and helping to reduce energy costs for all end users."
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