World Energy Supports Sixth Successful RGGI Carbon Allowances Auction
09 Décembre 2009 - 2:30PM
PR Newswire (US)
Auction "Runs Like Clockwork," Yields More than $61 Million
WORCESTER, MA, Dec. 9 /PRNewswire-FirstCall/ -- World Energy
Solutions, Inc. (NASDAQ: XWES; TSX: XWE), an operator of online
exchanges for energy and green commodities, today announced it has
successfully supported the sixth carbon allowances auction
administered by Regional Greenhouse Gas Initiative, Inc. (RGGI,
Inc.) on December 2, 2009. According to RGGI, Inc., all 28,591,698
allowances for the 2009 vintage sold at $2.05 per allowance, while
1,599,000 allowances for the 2012 vintage sold at $1.86 per
allowance. In total, the sixth RGGI auction yielded more than $61.5
million, increasing the total amount of RGGI auction proceeds to
more than $494.4 million. In a previously released statement, David
Littell, Commissioner of the Maine Department of Environmental
Protection and Chair of the Regional Greenhouse Gas Initiative,
Inc. Board of Directors, said: "RGGI auctions continue to run like
clockwork. Six successful auctions, more than 100 bidders and $494
million for green energy and green jobs - RGGI is showing that
cap-and-trade works."
(http://www.rggi.org/docs/Auction_6_Results_Release_MMrep.pdf)
Added Richard Domaleski, CEO of World Energy: "As world leaders
meet in Copenhagen to discuss a future framework for reducing
greenhouse gas emissions, we take great pride in the role we play
in the execution of the RGGI auctions. RGGI provides an object
lesson in how to structure and run carbon compliance auctions."
About World Energy Solutions, Inc. World Energy (NASDAQ: XWES; TSX:
XWE) operates online exchanges for energy and green commodities.
For buyers and sellers of electricity, natural gas, capacity, and
green-energy assets who are impacted by today's volatile markets,
World Energy's proven approach has transformed the normally complex
procurement process into a powerful, streamlined vehicle for cost
savings. In addition to enabling customers to seek competitive
pricing on traditional energy commodities, World Energy is taking a
leadership position in the emerging environmental-commodities
markets. Its award-winning World Green Exchange(R) supports the
ground-breaking Regional Greenhouse Gas Initiative's (RGGI) cap and
trade program for CO(2) emissions. For more information, please
visit http://www.worldenergy.com/. This press release contains
forward-looking statements that are subject to risks and
uncertainties that could cause actual results to differ from those
indicated in the forward-looking statements. Such risks and
uncertainties include, but are not limited to: our revenue is
dependent on actual future energy purchases pursuant to completed
procurements; the demand for our services is affected by changes in
regulated prices or cyclicality or volatility in competitive market
prices for energy; we depend on a small number of key energy
consumers, suppliers and channel partners; there are factors
outside our control that affect transaction volume in the
electricity market; and there are other factors identified in our
Annual Report on Form 10-K and subsequent reports filed with the
Securities and Exchange Commission. DATASOURCE: World Energy
Solutions, Inc. CONTACT: Investor Relations, Phil Adams, World
Energy Solutions, Inc., (508) 459-8100, or Craig Armitage, The
Equicom Group, (416) 815-0700 x278, ; Media Relations, Dan Mees,
World Energy Solutions, Inc., (508) 459-8156,
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