Santa Clara, CA, April 9, 2007 — APX Inc., an infrastructure provider for North American environmental and energy markets, announced that it has been selected as the technology provider and administrator of the Midwest Renewable Energy Tracking System (M-RETS). The geographic scope of the environmental market served by M-RETS includes Wisconsin, Minnesota, Iowa, South Dakota, North Dakota, and the province of Manitoba. The term of the M-RETS contract awarded to APX is four years and the system will become operational in the summer of 2007. Several other states and provinces in the region are also expected to join the program.
“We are pleased to partner with APX to facilitate renewable energy and its trading, and track its generation and use,” said T. Graham Edwards, president and CEO of the Midwest ISO. The Midwest Independent Transmission System Operator, Inc. (Midwest ISO), which operates the wholesale power grid for 15 states and the province of Manitoba, will provide the generation data around renewable energy use in the six jurisdictions. This data will be used to issue renewable energy certificates.
The purpose of M-RETS is to support and stimulate a regional trading market and to help participants meet their renewable energy standards and objectives. The project is designed to ensure that goals are achieved in establishing a more balanced energy portfolio for the region.
Four jurisdictions in the Upper Midwest, including Wisconsin, Minnesota, Iowa, and Manitoba, currently have policies requiring or encouraging the development and use of renewable resources. M-RETS is designed as a tool for the jurisdictions to collect data on renewable energy production and provide a mechanism for monitoring their respective goals. It also hopes to promote trading credits with neighboring jurisdictions in the region to help in meeting policy requirements.
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