FirstEnergy's Pennsylvania utilities, which include Pennsylvania Electric Company (Penelec), Metropolitan Edison Company (MetEd), Pennsylvania Power Company (Penn Power), and West Penn Power Company, have launched this program to reduce peak demand for electricity, which is a major goal of Pennsylvania's Act 129 of 2008.
Under this contract, KEYTEX Energy will recruit commercial, institutional, industrial, and governmental participants to curtail their electricity usage during some of the hottest days this summer. In return, qualifying customers can be paid $500 to $620 an hour (per 1,000 kW curtailed) for as many as 50 hours this summer.
About KEYTEX Energy
KEYTEX Energy is headquartered in Greensburg, Pennsylvania. This facility houses a state of the art energy trading floor and a large team of energy professionals. Key personnel for KEYTEX Energy have over 150 years of combined experience in the energy industry as executives, engineers, energy traders, and system operators for companies including Allegheny Energy, Strategic Energy, Hess Corporation, and PJM Interconnect. KEYTEX Energy offers Demand Response services, competitive electricity and natural gas procurement, bill auditing, as well as various energy consulting related services.