New Energy Ventures won a huge four-year power supply contractwith the Department of Defense that covers 1,200,000 MWh ofelectricity annually is worth $300 million. Among the servicesincluded in the contract are energy procurement and access to dailyincremental electric usage and demand data for each site via NewEnergy Ventures’ customer service Web site,https://www.nevservice.com.
Included in the supply contract are Vandenberg Air Force Base,Fort Hunter Liggett, the Navy Postgraduate School, Miramar, CampPendleton, and the Navy Shipyard in Long Beach. It is one of thelargest deals by an energy service provider since Californiacreated its deregulation framework. NEV was selected after DODevaluated all prospective energy service providers in the followingareas: technical capability, industry experience, past performance,and pricing.
NEV was formed in 1995 to provide commercial and industrialenergy consumers with energy buying and management services. Theaggregator now has clients in every state where a competitiveenergy market is emerging. NEV formed an energy services alliancewith LG&E Energy Marketing last spring. LG&E coordinates,schedules and administers the aggregator’s energy supplies,including spot power market purchases and billing services. NEV’sCEO Michael R. Peevey is a former president of SoCal Edison.
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