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BluePoint Energy Signs Agreement With San Diego Gas and Electric Company As a Third-Party Marketer in SDG&E's Demand Response Base Interruptible Program

Posted on: Friday, 9 November 2007, 09:00 CST

Chapeau, Inc. d/b/a BluePoint Energy (OTCBB:CPEU) today announced that it has signed a Third-Party Marketer agreement for the Base Interruptible Program (BIP) offered by San Diego Gas and Electric Company (SDG&E). SDG&E is a regulated public utility that provides service in San Diego and southern Orange counties.

Following BluePoint Energy's recently announced execution of demand-side management agreements with three other nationally recognized utilities and its exclusive national development agreement for demand response programs with one of the leading hotel and leisure companies in the world, this agreement with San Diego Gas and Electric Company marks the latest of several national development agreements and energy partnerships for demand response initiatives establishing BluePoint as a major solution provider in the demand response market.

SDG&E's BIP is a program that pays customers to reduce electricity consumption to a pre-determined level during a curtailment event called by California Independent System Operator (CAISO) or a local utility emergency. As a Third-Party Marketer in SDG&E's BIP, BluePoint is authorized to aggregate SDG&E non-residential customers who can commit to reduce electric load by 15% of their monthly average peak demand or a minimum of 100 kilowatts (kW). In exchange for these services, BluePoint will receive a monthly payment from SDG&E.

Guy A. Archbold, Chief Executive Officer of BluePoint Energy, commented, "We are enormously enthusiastic about our initial accomplishments so soon after our entry into the demand response market. With the addition of San Diego Gas & Electric Company, we now have aggregator agreements with California utilities covering approximately 125,000 square miles, or 80% of the state's geographic area, which represents approximately 83% of California's population."

Mr. Archbold continued, "This most recent agreement with San Diego Gas & Electric Company marks another milestone in BluePoint Energy's continuing efforts to develop clean, reliable and environmentally responsible solutions to meet today's critical energy demands needs. Our Demand Response Asset Aggregation Program (D-RAAP™) solution creates "virtual power plants" by providing centralized communication and dispatch control for a technological network of generation assets and building management systems, managed by our proprietary, Internet-based GenViewTM microprocessor control technology. Our D-RAAP™ solution offers utilities and their customers a unique approach to meeting the utility markets demand side fulfillment needs while providing significant benefits not currently available to customers enrolled in demand response programs utilizing curtailment alternatives that have historically shown low adoption and retention rates."

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, to date, we have had a 100% success rate in securing aggregator status with all of the utilities with whom we have concluded negotiations. Our acceptance into these innovative and far-sighted demand response programs highlights BluePoint's unique approach for alleviating grid congestion and potential blackout risk while employing our environmentally responsible, technology-based solutions."

About San Diego Gas and Electric Company

SDG&E currently serves 3.4 million consumers through 1.4 million electric meters and more than 830,000 natural gas meters. The utility's service area spans 4,100 square miles and serves customers in more than 125 communities from Southern Orange County to the Mexican border. SDG&E is a regulated subsidiary of Sempra Energy (NYSE:SRE). Sempra Energy, based in San Diego, is a Fortune 500 energy services holding company.

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

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