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Mississauga, ON, Canada, September 11th, 2007 – Ontario Electricity Financial Corporation (OEFC), the Province’s administrator of legacy power purchase contracts with various non-utility generators (NUGs), has awarded Rodan Energy and Metering Solutions Inc. (Rodan) a five year contract to provide metering services for about seventy (70) NUGs. Rodan has previously provided services to OEFC as MSP for twenty-seven (27) IESO Connected NUGs. Under the new contract Rodan assumes an additional responsibility for up to forty-three (43) Embedded NUGs that are connected to the respective distribution systems of various local utilities.
Through a competitive Request for Proposal process, Rodan has once again demonstrated a core competency as a MSP. With the expanded scope of this mandate, Rodan will be taking an active role in monitoring the integrity of Ontario’s electricity system. “Distributed generation is becoming an increasingly important component of the power supply mix in Ontario.” stated Paul Grod, President of Rodan Energy. “We are pleased to be selected by the OEFC as we continue to build on our MSP expertise with a full range of metering, engineering and power system solutions by providing a full generator-to-wires solution to power producers.”
About the Ontario Electricity Financial Corporation
Established by the Electricity Act, 1998, the Ontario Electricity Financial Corporation mandate includes managing its debt, financial risks and liabilities, including the debt of the former Ontario Hydro and managing the former Ontario Hydro’s non-utility generator (NUG) contracts in the current market environment.
About Rodan
Rodan Energy and Metering Solutions Inc. is a leading provider of metering, engineering and power system solutions. Combining its expertise in engineering, procurement, construction and maintenance, Rodan is delivering a full generator-to-wires solution to power producers, including settlements, market entry and generation impact assessments.
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