Pepco announced an agreement to provide a comprehensiveintegrated energy management system to Southern Management Corp., aVienna,VA-based owner and operator of over 25,000 apartment homesin the Washington D.C. and Baltimore areas. No financial terms ofthe deal were announced.

This new system will monitor the usage of electricity, naturalgas and water, the efficiency of the heating and air conditioningequipment and provide billing systems for their entire portfolio ofcommunities. Pepco Energy Services, the unregulated energysolutions subsidiary of Pepco, will provide energy procurement forSouthern Management, consolidate the analysis and payment ofinvoices, and identify cost-saving efficiencies in energy and wateruse. Pepco is the current gas provider to Southern Management.

These savings will be found by electronically tracking theconsumption of water, electricity and natural gas in 15-minuteincrements and reporting it via a secure Internet interconnectionto Southern Management.

The deal is the latest addition to a successful year for the Pepcosubsidiary. So far in 1999, Pepco Energy Services has been awardedover $500 million dollars in energy services contracts and hascompleted energy efficiency projects from Connecticut to NorthCarolina. Just recently, the energy sevices company announced itsentrance into the retail gas marketing and appliance services businessin an effort to become a single-source supplier (see Daily GPI, Dec. 3).

Southern Management is one of the largest property managementfirms in the mid-Atlantic region and processes approximately 24,000invoices annually representing over $22 million in electricity,natural gas and water consumption. The agreement will cut the costof processing these invoices in half.

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