July 1, 2008
PPL To Offer Cost-Cutting Services For Commercial, Industrial Electricity Customers
To: TECHNOLOGY EDITORS
Contact: George Biechler of PPL Corporation, +1-610-774-5997, or Fax, +1-610-774-5281
ALLENTOWN, Pa., July 1 /PRNewswire-FirstCall/ -- PPL Corporation (NYSE: PPL) is introducing a portfolio of services to help manage and reduce electricity costs of commercial and industrial customers during times of peak demand and transmission congestion.
PPL EnergyPlus, LLC, PPL's energy marketing subsidiary, is offering a range of energy supply and management services linking customers' electricity usage with the capacity, energy and reserve markets of the PJM Interconnection, which administers the wholesale electricity network for 13 mid-Atlantic, Midwestern and Southeastern states and the District of Columbia.
PPL EnergyPlus is offering the services in conjunction with the Enerwise Group of Comverge, Inc. (Nasdaq: COMV).
In addition to energy supply, these services essentially will enable customers operating within the PJM to reduce their electricity demand and save money during critical periods. The products and services will allow customers to reduce load using their generation, building automation systems, and other facility or equipment resources.
"Helping our customers to wisely manage their electricity consumption, especially when there is strain on the regional delivery network, is just as critical to sound energy policy as exploring new sources of electricity generation," said Gene Alessandrini, senior vice president of Marketing for PPL EnergyPlus. "Our plans are to offer customers many tools to save money and improve their energy awareness and efficiency. Today's wholesale energy market provides PPL EnergyPlus with the ability to offer these products."
PPL also has been increasing its available generating capacity in various ways: by increasing the output of its two units at the Susquehanna nuclear plant; by planning projects to increase capacity at hydroelectric facilities in Pennsylvania, Montana and Maine; by entering into long-term contracts to acquire output and capacity from other companies' existing power plants; and by undertaking a comprehensive renewable energy program involving wind, solar, biomass and landfill methane energy projects. The company also is considering building a third nuclear unit adjacent to its existing nuclear plant near Berwick, Pa.
PPL Corporation, headquartered in Allentown, Pa., controls more than 11,000 megawatts of generating capacity in the United States, sells energy in key U.S. markets and delivers electricity to about 4 million customers in Pennsylvania and the United Kingdom. More information is available at http://www.pplweb.com.
PPL EnergyPlus, LLC is an unregulated subsidiary of PPL Corporation. PPL EnergyPlus is not the same company as PPL Electric Utilities Corporation or PPL Gas Utilities Corporation. The prices of PPL EnergyPlus are not regulated by the Pennsylvania Public Utility Commission. You do not have to buy PPL EnergyPlus electricity, natural gas or other products in order to receive the same quality regulated services from PPL Electric Utilities or PPL Gas Utilities.
SOURCE PPL Corporation
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