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Monday, September 20, 2010

Comverge Strengthens Management Team With Addition of Energy Industry Veteran

ComvergeComverge, Inc., the leading provider of Intelligent Energy Management solutions for Residential and Commercial & Industrial customers, announced it has appointed Jeff Bladen as vice president of regulatory, markets and government affairs. Bladen has more than 15 years of management experience in the energy sector and before joining Comverge.

He joins Comverge during a very successful 2010. In August, the company announced a contract extension to support the TXU Energy iThermostat program through to 2012, which includes the installation of 100,000 residential and commercial energy management devices. Earlier in the year, Comverge signed a new agreement with PECO to install 145,000 residential and commercial energy management devices and also extended a long-standing and successful agreement with NV Energy to enable the industry's largest smart grid ready residential program.

In addition, Comverge secured more than $74 million in expected future contracted revenues in the PJM Interconnection market as a result of the 2013/2014 Reliability Pricing Model Base Residual Auction. The award extends Comverge's recent growth in the C+I market, following an increase of more than 456 megawatts (MW) under management in the first half of 2010.

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