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Press CenterAPX Extends its Environmental Registry to Support Connecticut Energy Efficiency and Conservation ObjectivesState of Connecticut and New England Power Pool (NEPOOL) show U.S. leadership in cost effective management of conservation and demand management programs Santa Clara, CA - October 4, 2006 - APX, Inc., a leading provider of technology, operations and professional services for the energy industry and environmental markets, announced today that it has been contracted to extend its Environmental Registry Solution in NEPOOL to handle the State of Connecticut's new Distributed Resources Portfolio Standard (Class III). The Standard establishes a market-based approach that will enable the state to achieve increasingly demanding tiered targets in energy efficiency, demand-side resources and conservation through 2010. "The State of Connecticut determined that extending the New England Power Pool Generation Information System ("NEPOOL GIS") was by far the most cost effective way to deliver and manage the Class III Program. We don't need to reinvent the wheel," said David Goldberg of the Connecticut Department of Public Utility, "Citizens of Connecticut are the ultimate beneficiaries of these energy efficiency and conservation programs. Their efficient administration is enabled by APX technology and services, which we know and trust." "Connecticut's leadership in Energy Efficiency will be an example to other states considering similar programs. The way in which Class III provides market-based incentives for demand response programs, load management and curtailment, and efficient heat and power cogeneration in a unified framework is groundbreaking," said APX Chairman and Chief Executive Officer, Tom Lewis. "We are privileged that we can support the State of Connecticut in this important work. We know that others nationally and internationally will be looking to Connecticut's approach as a new best practice," added Mr. Lewis. "We are pleased that the NEPOOL GIS continues to be the platform for compliance with the various programs in New England that require the power used to serve customers have certain environmentally beneficial attributes," said Dennis Duffy, chairman of NEPOOL's Generation Information System Operating Rules Working Group. "We think that Connecticut's decision to use the NEPOOL GIS to demonstrate compliance with its new Class III standard is confirmation of the usefulness of the system for both regulators and market participants." Eligible Class III resources include the following resource types located in the State of Connecticut:
Connecticut Public Act 05-01, "An Act Concerning Energy Independence" established the requirement that electric suppliers and electric distribution companies obtain 1 percent of their generation supply from Class III resources beginning January 1, 2007. This increases to 2 percent in January 2008, then to 3 percent in January 2009, and finally 4 percent in 2010. The entire Class III functionality will be deployed in the GIS production system by January 1, 2007 when the Class III program becomes effective. APX operates and administers the New England Power Pool Generation Information System. The GIS verifies and manages the Renewable Energy Certificates (RECs) that are the basis for environmental trading and investment incentives in the New England states, and monitors emissions of all generators producing and/or selling power in the ISO-NE Control Area. Class III Certificates will adhere to the same principles as all other Certificates issued in the NEPOOL GIS, particularly, that a single Certificate will be created for each 1 MWhr of generation or load reduced. About APX, Inc. About Connecticut Dept of Public Utility Control About NEPOOL Contact: |
