Comverge (COMV) Announces Expanded Agreement With Pepco Holdings

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10:09:07 am on February 4, 2010

Comverge just announced that it has expanded its existing contract with Pepco Holdings, Inc. Under the new contract, Comverge will provide full support to more Pepco Holdings territories. Comverge will provide marketing, installation and call center services for its Apollo Demand Response Management System and will install more than 40,000 home energy management devices. Comverge will also provide its Dual Mode Digital Control Units and SuperStat PRO™ programmable thermostats.

In a press release, Comverge Interim President & CEO, Michael D. Picchi stated:

“This expanded agreement means that PHI can increase their build-out of the Smart Grid, giving more of their customers the tools to manage their electricity use and keep their electric bills affordable. We are pleased to receive our second stimulus-related utility contract. Stimulus dollars have helped to accelerate these types of deployments and will enable PHI and our other utility partners to better manage energy use, save money, improve customer service and reliability and expand on the programs that are truly helping move their Smart Grid vision further.”

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