• E-mail
• Print
• Comment
• Font Size
• Digg
• del.icio.us
• Discuss article

BluePoint Energy Signs Agreements With Pacific Gas and Electric Company for Demand Response Aggregator

Posted on: Monday, 29 October 2007, 09:00 CDT

Chapeau, Inc. d/b/a BluePoint Energy (OTC BB: CPEU) today announced that it has signed aggregator agreements for Pacific Gas and Electric Company's (PG&E) Base Interruptible Program (E-BIP) and its Capacity Biding Program (E-CBP). Pacific Gas and Electric Company is a subsidiary of PG&E Corporation (NYSE: PCG), the largest combination natural gas and electrical utility in the United States.

This follows BluePoint's recently announced execution of demand-side management agreements with two nationally recognized utilities as well as an exclusive national development agreement for demand response programs with one of the leading hotel and leisure companies in the world. These agreements mark key milestones in BluePoint's strategy to become a major solution provider in the demand response market.

PG&E's E-BIP is a program that pays customers to reduce electricity consumption to a pre-determined amount when the California Independent System Operator (CAISO) issues a load curtailment notice or in the event of a local reliability emergency. As an aggregator under the terms of the agreement, BluePoint becomes an entity that can be appointed by a customer, to act on behalf of that customer with respect to all aspects of the program. In exchange for these services, BluePoint will receive a monthly payment from PG&E.

The other program under which BluePoint will be an aggregator is PG&E's Capacity Biding Program, and BluePoint's duties are identical to those under the E-BIP program. The E-CBP is a mandatory program that pays PG&E customers a monthly incentive to reduce their load to pre-determined amounts when specific demand conditions are reached. For an Aggregator like BluePoint, incentives will be based on capacity nomination for each month and energy incentives during event days, and will reflect the difference between aggregated portfolio group's specific energy baseline level and energy consumed during event with respects to nomination.

Guy A. Archbold, Chief Executive Officer of BluePoint Energy, said, "We are exceedingly please to announce these agreements with Pacific Gas & Electric, marking the latest in a series of related recently announced similar agreements. With the addition of PG&E's 70,000 square mile service area and its 15 million consumers, we now have aggregator agreements with California utilities covering approximately 120,000 square miles and 28 million consumers representing close to three quarters of California's geographic area and population."

Mr. Archbold continued, "BluePoint is rapidly establishing itself as a qualified aggregator in the demand response market, one of the strategic keys to success in our energy management business. Our Demand Response Asset Aggregation Program (D-RAAP™) solution, comprised of establishing a technological network of generation assets and building management systems, managed by our proprietary GenView™ control technology and monitored by our Central Command Center, offers utilities and their customers a unique approach that can dramatically effect the utility markets demand side fulfillment needs while providing significant benefits not currently available to energy customers enrolled in demand response programs."

Mr. Archbold added, "The foundation for our environmentally responsible D-RAAP™ solution is our proprietary, Internet-based GenView™ microprocessor control system. It is designed to integrate generating assets with building management control systems while uniquely differentiating itself in the marketplace versus currently available curtailment alternatives that have historically shown low adoption and retention rates. Thus, a customer can participate in a demand response program much more quickly and economically than with alternative suppliers.

Mr. Archbold concluded, "We anticipate additional agreements with domestic and international utilities, Independent System Operators (ISOs) and large scale commercial and industrial customers representing multiple vertical markets. We base that belief on the fact that we have a 100% success rate to date in securing aggregator status with all of the utilities with whom we have concluded negotiations. Furthermore, we expect to announce shortly a strategic marketing partner with the breadth to dramatically effect our abilities to deliver significant and much needed demand response fulfillment capabilities, as measured in megawatts, on behalf of BluePoint Energy to those utilities and ISOs with whom we have reached and will reach agreement."

About Pacific Gas and Electric Company

Pacific Gas and Electric Company, incorporated in California in 1905, is one of the largest combination natural gas and electric utilities in the United States. Based in San Francisco, the company is a subsidiary of PG&E Corporation. There are approximately 20,000 employees who carry out Pacific Gas and Electric Company's primary business--the transmission and delivery of energy. The company provides natural gas and electric service to approximately 15 million people throughout a 70,000-square-mile service area in northern and central California. Pacific Gas and Electric Company and other utilities in the state are regulated by the California Public Utilities Commission. The CPUC was created by the state Legislature in 1911.

About Chapeau, Inc. d/b/a BluePoint Energy

Chapeau is an energy management company that provides state-of-the-art, technology-based, environmentally responsible (green) demand response (DR) and combined heat and power (CHP) solutions to commercial and industrial energy users across the majority of public and private industry sectors, including hospitality, retail, healthcare, manufacturing and government. To-date, the Company's efforts have focused principally on incorporating innovative and proprietary engineering solutions into its D-RAAP™ (Demand Response Asset Aggregation Program) and EnviroGen™ Energy Modules, both solutions utilizing Chapeau's proprietary, robust, multi-layered, Internet and microprocessor-based GenView™ control systems.

The foregoing is news relating to Chapeau, Inc. d/b/a BluePoint Energy, Inc. (the "Company") and contains forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. When used in this report, the words "anticipate,""believe,""estimate,""expect" and similar expressions as they relate to the Company or its management, including without limitation, Chapeau, Inc. d/b/a BluePoint Energy, Inc. (as defined herein) and/or the Company's other subsidiaries, are intended to identify such forward-looking statements. The Company's actual results, performance or achievements could differ materially from the results expressed in, or implied by these forward-looking statements. For a discussion of additional factors that may affect actual results, investors or interested parties should refer to the Company's filings with the Securities and Exchange Commission; in particular, its annual report on Form 10-K, most current 10Q and other filings as may be relevant. This does not constitute an offer to buy or sell securities by the Company, its subsidiaries or any associated party and is meant purely for informational purposes.

Source: Business Wire

More News in this Category