EnerNOC ramps up forecast

EnerNOC, Inc. a Boston-based company that pays its customers to cut their energy use at times of peak demand, expects its estimated yearly revenue to total between $101 million and $107 million for 2008 -- up from previous estimates of $99 million to $105 million, the company said in a recent statement.

The company also reported a revenue of $23.7 million for the second quarter of 2008, an $11.7 million or 97.1 percent increase from the same period last year, and said it expects 2010 to be its first full year of profitability. EnerNOC said the higher estimates are, in part, the result of the enrollment of 400 new megawattts of capacity to its system from the PJM Interconnection service region, the nation's largest electricity control region.
(By Erin Ailworth, Globe staff)