EnerNOC signs demand response contract expansion in Northern California EnerNOC (ENOC) announced that it has expanded its demand response presence in Northern California, securing the opportunity to grow its megawatts in the region by over 50% through 2015. EnerNOC won the additional megawatts through a competitive bidding process; EnerNOC's share comprised nearly 45% of the total megawatts awarded. This program is administered by Pacific Gas & Electric (PCG) and funded by California utility customers under the auspices of the California Public Utilities Commission. The contract has received public utility commission approval.
PG&E upgraded to Overweight from Neutral at JPMorgan JPMorgan upgraded PG&E to Overweight citing a favorable risk/reward with the San Bruno investigation nearing a conclusion. The firm raised its price target for shares to $57 from $50.