Comverge Announces Regulatory Approval of VPC Contract With One of Nation's Largest Utilities

EAST HANOVER, N.J., Aug. 31 /PRNewswire-FirstCall/ -- Comverge, Inc. (Nasdaq: COMV), a leading provider of comprehensive smart grid, demand management, and energy efficiency solutions, today announced that a 4-year, 40 megawatt Virtual Peaking Capacity((R)) (VPC) contract with Southern California Edison (SCE), announced in June 2008, has received regulatory approval.

"The rollout of our program with SCE will provide a cost-effective and environmentally responsible solution to Southern California's energy needs," said Michael Picchi, interim president and CEO, Comverge. "Southern California Edison has long been a leader in alternative energy and Comverge looks forward to helping them meet their commitment to expanding their renewable energy portfolio for the benefit of their customers and the environment."

Through its VPC program, Comverge will build, operate and maintain a demand response system to help secure electricity reliability during periods of peak demand. With 285,000 commercial and industrial customers in 50,000 square miles of service area in central, coastal and Southern California, SCE is the largest electric utility in California.

"We anticipate that this contract will be a valuable part of our demand response portfolio and reflects our commitment to meeting our system needs in a clean, reliable, and cost-effective manner," said Lawrence M. Oliva, Director of Tariff Programs & Services at Southern California Edison. "In addition, demand response enables our customers to participate more actively in energy markets and earn money for their willingness to curtail at times of peak demand, which helps improve overall satisfaction."

About Comverge

Comverge, with over 3,300 megawatts of clean energy capacity under management, is a leading provider of clean energy solutions that improve grid reliability and supply electric capacity on a more cost-effective basis than conventional alternatives by reducing base load and peak load energy consumption. For more information, visit www.comverge.com. Virtual Peaking Capacity is a registered trademark of Comverge, Inc.

For Comverge Investors

This release contains forward-looking statements that are made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934. The forward-looking statements in this release are not, and should not be construed as historical facts, do not constitute guarantees of future performance and are based on numerous assumptions that, while believed to be reasonable, may not prove to be accurate. These forward looking statements include successful implementation of the program, anticipated megawatt and customer participation results, expectations of future performance and certain assumptions upon which such forward-looking statements are based. The forward-looking statements in this release involve a number of factors that could cause actual results to differ materially, including risks associated with Comverge's business involving our products, the development and distribution of our products and related services, regulatory changes, grid operator rule changes, economic and competitive factors, our key strategic relationships, and other risks more fully described in our most recently filed Quarterly Report on Form 10-Q and Annual Report on Form 10-K. Comverge assumes no obligation to update any forward-looking information contained in this press release or with respect to the information or announcements described herein.

    For Additional Information
    Kristin Mastrandrea
    Communications Manager
    Comverge, Inc.
    973-434-7157
    kmastrandrea@comverge.com

SOURCE Comverge, Inc.

Comverge (COMV)