CPEU BluePoint Energy Announces Approval to Participate in PJM's Emergency Load Response Programs

BluePoint Energy Announces Approval to Participate in PJM's Emergency Load Response ProgramsBusiness Wire "US Press Releases "
EL DORADO HILLS, Calif.--(BUSINESS WIRE)--
Chapeau, Inc. d/b/a BluePoint Energy (OTCBB:CPEU) announced today that it has received membership approval to participate in PJM Interconnection's Emergency Load Response Programs as a Curtailment Service Provider. PJM coordinates the movement of wholesale electricity through all or parts of Delaware, Illinois, Indiana, Kentucky, Maryland, Michigan, New Jersey, North Carolina, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia and the District of Columbia. This service area has a population of approximately 51 million and a peak demand of approximately 144,000 megawatts.
BluePoint Energy's Demand Response Asset Aggregation Program (D-RAAP(TM)) is not only a major solution provider available to over 83% of California's population but is now available to the nearly 51 million people in PJM Interconnection's large and dynamic service region.
PJM Interconnection administers demand response markets that provide financial incentives for end-use customers to reduce their electricity use either during an emergency event or when locational marginal prices (LMPs) are high on the PJM system. As a clean energy management company and as a demand response Curtailment Service Provider, BluePoint Energy will act on behalf of end-use customers who wish to participate in PJM market opportunities.
Guy A. Archbold, Chief Executive Officer of BluePoint Energy, stated, "We are of course very pleased to announce BluePoint Energy's first of several energy partnerships for demand response initiatives on the East Coast. BluePoint is rapidly establishing itself nationally as a major solution provider in the demand response market."
Mr. Archbold continued, "With the solution provided by our Demand Response Asset Aggregation Program (D-RAAP(TM)), we are looking forward to becoming one of the few PJM providers with the proven capabilities to participate in PJM's stringent Synchronized Reserve Demand Response Market as well as the other Emergency Load Response programs offered by PJM."
Mr. Archbold concluded, "BluePoint Energy's emergence into the East Coast demand response market, marks yet another milestone in BluePoint's continuing efforts to develop clean, reliable and environmentally responsible solutions to meet today's critical energy demand needs. Our Demand Response Asset Aggregation Program (D-RAAP(TM)) 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 GenView(TM) microprocessor control technology. Furthermore, we expect to announce shortly a strategic marketing partner with the breadth to dramatically affect our abilities to deliver significant and much needed demand response fulfillment capabilities, as measured in megawatts, on behalf of BluePoint Energy to those utilities and ISOs with whom we have reached and will reach agreement."
About PJM Interconnection, L.L.C.
PJM Interconnection is a regional transmission organization (RTO) that coordinates the movement of wholesale electricity in all or parts of Delaware, Illinois, Indiana, Kentucky, Maryland, Michigan, New Jersey, North Carolina, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia and the District of Columbia. Acting neutrally and independently, PJM operates the world's largest competitive wholesale electricity market and ensures the reliability of the largest centrally dispatched grid in the world.
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(TM) (Demand Response Asset Aggregation Program) and EnviroGen(TM) Energy Modules, both solutions utilizing Chapeau's proprietary, robust, multi-layered, Internet and microprocessor-based GenView(TM) 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: Chapeau, Inc. dba BluePoint Energy, Inc.