Tampa Electric today announced that the Tampa Convention Center will participate in the company’s Networked Demand Response program for business customers. Tampa Electric is the first utility in the Southeast to partner with EnerNOC (NASD:ENOC), a leading developer and provider of clean and intelligent energy solutions, to implement the program. Networked Demand Response, approved by the Florida Public Service Commission (FPSC) in September, will provide Tampa Electric the capability to reduce electricity demand by up to 35 MW during times of peak energy demand.
Tampa Electric President Chuck Black said, "As we look for more ways to work together with our community to improve the area's environmental profile, we must remember that the cleanest kilowatt-hour is the one we do not produce. By participating in our energy efficiency programs, customers like the Tampa Convention Center are helping us conserve energy while they save on their monthly electricity costs."
EnerNOC will also provide the Convention Center with comprehensive energy management information, which will allow it to optimize its energy consumption and better manage its overall demand.
"We are very pleased to have been selected for inclusion in this environmentally friendly program," stated Robert Rose, Director of the Tampa Convention Center. "The energy management data will help us to become more efficient in controlling our electrical usage."
EnerNOC, working closely with Tampa Electric, will manage peak demand by making the program available to commercial and industrial customers. Participating businesses agree to reduce their power consumption during unusually high peak times through measures such as dimming lights, reducing air conditioning/heating, or limiting the use of manufacturing or distribution equipment. The company expects to have 25 MW under management in July 2008.
The reduction in energy demand helps lower system peaks and mitigates the need to build new power plants. Networked Demand Response also supports Florida’s green initiatives by acting as a clean energy resource that can lower overall demand.
In addition to the Tampa Convention Center, Rooms to Go, Mainsail Suites, Tampa Marriott Waterside Hotel, Tampa Bay Water and Green Fiber are a few green-minded businesses that are participating in the program. To learn more about how your business can join the program, please email info@enernoc.com.
“EnerNOC has helped businesses across North America become better energy consumers, generate additional sources of cash flow and become responsible corporate citizens by implementing sound energy practices,” said Tim Healy, chairman and CEO of EnerNOC. “Tampa Electric has a long track record of forward-looking energy policies, and we’re proud that it’s chosen EnerNOC to spearhead this valuable program.”
Tampa Electric began its conservation program initiatives in the late 1970s, prior to any federal or state energy conservation requirements. The company continues to promote conservation to its customers through various existing programs, including its Home Energy Audit, which identifies energy consumption problems, heating and cooling rebates and ceiling insulation programs. From 1981 through 2007, Tampa Electric's conservation programs have offset the need to generate enough electricity to serve 609,000 average size homes over a 12-month period.
Tampa Electric offers the following commercial conservation programs that provide incentives for installing various types of high-efficient equipment:
- Commercial Cooling program – including increased incentives and expansion to include larger units
- Commercial Energy Efficient Motors program that will provide $2.50 incentive per horsepower for energy efficient motor upgrades
- Commercial Energy Audit
- Commercial Ductwork Repair
- Commercial Building Envelope - Solar Window Film, Ceiling Insulation, Wall Insulation
- Commercial Lighting
- Commercial Lighting Occupancy Sensor
- Commercial Refrigeration (Anti-Condensate)
- Commercial Water Heating
- Conservation Value Program
- Commercial Load Management
- Standby Generator
- Commercial Chiller Program
About Tampa Electric
Tampa Electric Company is the principal subsidiary of TECO Energy, Inc. (NYSE:TE), an energy-related holding company with regulated utility operations in Florida including both Tampa Electric and Peoples Gas System. Other subsidiaries include TECO Coal, which owns and operates coal production facilities in Kentucky and Virginia, and TECO Guatemala, which is engaged in electric power generation and distribution and energy-related businesses in Guatemala.
Note: This press release contains statements that could be deemed to be forward-looking statements, which are subject to the inherent uncertainties in predicting future results and conditions. Actual results may differ materially from those forecasted. The forecasted information is based on the company’s current expectations and assumptions, and the company does not undertake to update that information or any other information contained in this release, except as may be required by law. Additional information is contained under “Risk Factors” in TECO Energy, Inc.’s and Tampa Electric Company’s combined Annual Report on Form 10-K for the period ended Dec. 31, 2007.
About EnerNOC
EnerNOC, Inc. is a leading developer and provider of clean and intelligent energy solutions to commercial, institutional, and industrial customers, as well as electric power grid operators and utilities. EnerNOC's technology-enabled demand response and energy management solutions help optimize the balance of electric supply and demand. The Company uses its Network Operations Center, or NOC, to remotely manage and reduce electricity consumption across a network of commercial, institutional, and industrial customer sites and make demand response capacity and energy available to grid operators and utilities on demand. For more information visit www.enernoc.com.
Safe Harbor Statement
Statements in this press release regarding management’s future expectations, beliefs, intentions, goals, strategies, plans or prospects, including, without limitation, statements relating to the future growth and success of the Company's energy procurement and risk management solutions and the Company’s position as it relates to its competition, may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by terminology such as “anticipate,”“believe,” “could,”“could increase the likelihood,”“estimate,” “expect,”“intend,” “is planned,” “may,”“should,” “will,”“will enable,” “would be expected,” “look forward,” “may provide,” “would” or similar terms, variations of such terms or the negative of those terms. Such forward-looking statements involve known and unknown risks, uncertainties and other factors including those risks, uncertainties and factors referred to under the section “Risk Factors” in EnerNOC's Annual Report on Form 10-K for the year ended December 31, 2007, as filed with the Securities and Exchange Commission on March 28, 2008, as well as other documents that may be filed by EnerNOC from time to time with the Securities and Exchange Commission. As a result of such risks, uncertainties and factors, the Company’s actual results may differ materially from any future results, performance or achievements discussed in or implied by the forward-looking statements contained herein. EnerNOC is providing the information in this press release as of this date and assumes no obligations to update the information included in this press release or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Contacts:
Rick Morera, 813-228-4945
