PHILADELPHIA–(BUSINESS WIRE)–Customized Energy Solutions (CES) has entered into agreements with companies managed by Cogentrix Energy Power Management, LLC (“Cogentrix”) to provide operations and dispatch support, and market scheduling and settlement services for two generation facilities in Virginia. This relationship will help enable Cogentrix to continue to expand its participation in energy markets throughout North America.
“CES is proud to work with Cogentrix on these two resources in PJM. We appreciate Cogentrix’ leadership in the energy industry, and we are honored to have them select our 24-hour market operations center to provide dispatching, scheduling, and settlement services,” said Erik Paulson, CES Vice President of Generation Services.
John Gasbarro, Senior. Vice President for Asset Management and Fuels for Cogentrix added, “We selected CES to assist us with the scheduling of these facilities due to their experience with these facilities in particular, and experience and knowledge of the PJM markets overall. CES provides us with day to day dispatching functions, as well as market strategy and settlements support”.
About Customized Energy Solutions
Established in 1998, Customized Energy Solutions assists clients in managing and staying ahead of the changes in the wholesale and retail electricity and natural gas markets. Serving hundreds of clients, Customized Energy Solutions offers best-in-class hosted energy market operations platforms and services.
Cogentrix, a Carlyle portfolio company, is a developer, operator and manager of independent power plants in North America. Founded in 1983, Cogentrix has been directly responsible for the development, engineering, construction, operation and management of a portfolio totaling 47 fossil and renewable power facilities with a combined generating capability of over 12,800 gross megawatts.
About The Carlyle Group
The Carlyle Group (NASDAQ: CG) is a global alternative asset manager with $194 billion of assets under management across 128 funds and 142 fund of funds vehicles as of December 31, 2014. Carlyle’s purpose is to invest wisely and create value on behalf of its investors, many of whom are public pensions. Carlyle invests across four segments – Corporate Private Equity, Real Assets, Global Market Strategies and Investment Solutions – in Africa, Asia, Australia, Europe, the Middle East, North America and South America. Carlyle has expertise in various industries, including: aerospace, defense & government services, consumer & retail, energy, financial services, healthcare, industrial, real estate, technology & business services, telecommunications & media and transportation. The Carlyle Group employs more than 1,650 people in 40 offices across six continents.
A number of regions – including the Northeast, Mid-Atlantic, much of the Midwest, Texas, California and portions of Canada – organize their markets under an independent system operator (ISO) – sometimes also referred to as a regional transmission organization (RTO). Most states in these regions also allow for retail competition. By adopting this ISO/RTO structure, these regions have moved to expand competition in electricity. In fact, two-thirds of the electricity consumed in the U.S. is by consumers in an ISO/RTO. The eight ISOs are as follows – PJM, MISO, NYISO, ERCOT, SPP, IESO, ISONE and CAISO.