EnerNOC in 5 year deal with Southern California Edison

Boston-based EnerNOC (Nasdaq: ENOC) announced a deal today to provide demand response services to Southern California Edison (AMEX: SCEDM).

The contract boosts EnerNOC's responsibilities for Southern California Edison up to 160 megawatts, including 40 MW from a deal signed earlier this year.

The 40 MW agreement expires at the end of 2008, but will be rolled into the new deal, which runs through 2012.

"We believe that this action is consistent with SCE's leadership in transforming the electric power grid into a more intelligent and environmentally sustainable smart grid," said David Brewster, president of EnerNOC.

"We look forward to working closely with SCE to help meet its progressive goals and provide the highest level of customer satisfaction."

Last month, EnerNOC added to its offerings by grabbing MDEnergy, a Stamford, Conn.-based energy procurement service provider, for $7.9 million (EnerNOC buys MDEnergy for $7.9M).

Under today's agreement, EnerNOC said it will aggregate load curtailment from commercial, institutional, and industrial customer sites within Southern California Edison's approximately 50,000 square mile service territory.

EnerNOC said it plans to monitor and control the curtailment in near real-time using its 24-7 Network Operations Center.

The deal with Southern California Edison is subject to final approval by the California Public Utilities Commission.

EnerNOC and competitor Comverge both went public earlier this year in high profile, successful offerings (see the Cleantech Group's Smart grid and solar IPOs.)

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