Document:

Exhibit 4.4  

THIS
WARRANT HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY APPLICABLE STATE SECURITIES LAWS, AND MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED OR HYPOTHECATED IN THE
ABSENCE OF SUCH REGISTRATION OR AN EXEMPTION THEREFROM UNDER SUCH ACT AND APPLICABLE LAWS.   

	No. WB1 —	 	Warrant to Purchase up to 18,853 Shares of Series

B-1 Preferred Stock (subject to adjustment)

Warrant Issue Date: November 20, 2006

Reissued February 23, 2007

WARRANT TO PURCHASE SERIES B-1 PREFERRED STOCK

of

ENERNOC, INC.

Void after November 20, 2016  

        This certifies that, for value received, BlueCrest Venture Finance Master Fund Limited, as assignee of BlueCrest Capital Finance, L.P., as previous assignee of
Ritchie Capital Finance, L.L.C. ("Ritchie"), or its assigns ("Holder") is entitled, subject to the terms set forth below, to purchase from EnerNOC, Inc. (the "Company"), a Delaware corporation,
18,853 shares of the Series B-1 Preferred Stock of the Company, as constituted on November 20, 2006 (the "Warrant Issue Date"), upon surrender hereof, at the principal office
of the Company referred to below, with the subscription form attached hereto duly executed, and simultaneous payment therefor in lawful money of the United States or otherwise as hereinafter provided,
at the Exercise Price as set forth in Section 2 below. The number, character and Exercise Price of such shares of Series B-1 Preferred Stock are subject to adjustment as
provided below. The term "Warrant" as used herein shall include this Warrant, and any warrants delivered in substitution or exchange therefor as provided herein. This Warrant was issued in connection
with the Loan and Security Agreement (the "Loan Agreement"), made as of November 20, 2006 by and between Ritchie and the Company and is reissued as of February 23, 2007. 

        1.     Number and Term of Warrant.

        (a)   This
Warrant shall be exercisable with respect to 18,853 shares of the Series B-1 Preferred Stock of the Company; provided however, that if the
Company does not borrow more than $8 million from Ritchie (or its successors or assigns) under the Equipment Loan (as defined in the Loan Agreement) on or before December 31, 2007, then
this Warrant shall be adjusted on such date and shall thereafter be exercisable only with respect to 16,159 shares of the Series B-1 Preferred Stock (as such number may be further
adjusted herein below). 

        (b)   Subject
to the terms and conditions set forth herein, this Warrant shall be exercisable, in whole or in part, at any time, or from time to time, during the term
commencing on December 29, 2006, (the "Warrant Exercise Commencement Date"), and ending at the earliest to occur of: (i) 5:00 p.m., New York City time, on November 20,
2016, (ii) a sale or merger of the Company, and (iii) immediately before the first registered public offering of the common stock of the Company (collectively, the "Expiration Date", and
(ii) and (iii) may be referred to herein as a "Liquidity Event"), and shall be void thereafter. 

        2.     Exercise Price. The Exercise Price at which this Warrant may be exercised at any time on or after the Warrant Exercise
Commencement Date shall be $37.13 per share of Series B-1 Preferred Stock, as adjusted from time to time pursuant to Section 12 hereof. 

        3.     Exercise of Warrant.

        (a)   The
purchase rights represented by this Warrant are exercisable by the Holder in whole or in part, at any time, or from time to time, during the term hereof as described
in Section 1 above, by the 

 

surrender
of this Warrant and the Notice of Exercise annexed hereto duly completed and executed on behalf of the Holder, at the principal office of the Company (or such other office or agency of the
Company as it may designate by notice in writing to the Holder at the address of the Holder appearing on the books of the Company), upon payment (i) in cash or by check acceptable to the
Company, (ii) by cancellation by the Holder of indebtedness or other obligations of the Company to the Holder, or (iii) by a combination of (i) and (ii), of the purchase price of
the shares to be purchased. 

        (b)   This
Warrant shall be deemed to have been exercised immediately prior to the close of business on the date of its surrender for exercise as provided above, and the
person entitled to receive the shares of Series B-1 Preferred Stock issuable upon such exercise shall be treated for all purposes as the holder of record of such shares as of the
close of business on such date. As promptly as practicable on or after such date and in any event within ten (10) days thereafter, the Company at its expense shall issue and deliver to the
person or persons entitled to receive the same a certificate or certificates for the number of shares issuable upon such exercise. In the event that this Warrant is exercised in part, the Company at
its expense will execute and deliver a new Warrant of like tenor exercisable for the number of shares for which this Warrant may then be exercised. 

        (c)   Net Issue Exercise. Notwithstanding any provisions herein to the contrary, if the fair market value of one share of
Series B-1 Preferred Stock is greater than the Exercise Price (at the date of calculation as set forth below), in lieu of exercising this Warrant for cash, the Holder may elect to
receive shares equal to the value (as determined below) of this Warrant (or the portion thereof being canceled) by surrender of this Warrant at the principal office of the Company together with the
properly endorsed Notice of Exercise and notice of such election in which event the Company shall issue to the Holder a number of shares of Series B-1 Preferred Stock computed using
the following formula: 

	 	 	X	 	=	 	Y(A - B)
 A	 	 

	 	 	X =	 	the number of shares of Series B-1 Preferred Stock to be issued to the Holder
	

 	
 	

Y =	
 	

the number of shares of Series B-1 Preferred Stock purchasable under the Warrant or, if only a portion of the Warrant is being exercised, the portion of the Warrant being canceled (at the date of such calculation)
	

 	
 	

A =	
 	

the fair market value of one share of the Company's Series B-1 Preferred Stock (at the date of such calculation)
	

 	
 	

B =	
 	

Exercise Price (as adjusted to the date of such calculation)

        For
purposes of the above calculation, fair market value of one share of Series B-1 Preferred Stock shall be determined by the Company's Board of Directors in good
faith; provided, however, that where there exists a public market for the Company's Common Stock at the time of such exercise, the fair market value per share shall be the product of (i) the
average of the closing bid and asked prices of the Common Stock quoted in the Over-The-Counter Market Summary or the last reported sale price of the Common Stock or the closing
price quoted on the Nasdaq National Market or on any exchange on which the Common Stock is listed, whichever is applicable, as published in the Western Edition of The Wall Street Journal for the five
(5) trading days prior to the date of determination of fair market value and (ii) the number of shares of Common Stock into which each share of Series B-1 Preferred
Stock is convertible at the time of such exercise. Notwithstanding the foregoing, in the event the Warrant is exercised in connection with the Company's initial public offering of Common Stock, the
fair market value per share shall be the product of (i) the per share offering price to the public of the 

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Company's
initial public offering, and (ii) the number of shares of Common Stock into which each share of Series B-1 Preferred Stock is convertible at the time of such
exercise. 

        4.     No Fractional Shares or Scrip. No fractional shares or scrip representing fractional shares shall be issued upon the
exercise of this Warrant. In lieu of any fractional share to which the Holder would otherwise be entitled, the Company shall make a cash payment equal to the Exercise Price multiplied by such
fraction. 

        5.     Replacement of Warrant. On receipt of evidence reasonably satisfactory to the Company of the loss, theft, destruction or
mutilation of this Warrant and, in the case of loss, theft or destruction, on delivery of an indemnity agreement reasonably satisfactory in form and substance to the Company or, in the case of
mutilation, on surrender and cancellation of this Warrant, the Company at its expense shall execute and deliver, in lieu of this Warrant, a new warrant of like tenor and amount. 

        6.     Rights of Stockholders. Subject to Sections 10, 12, 13 and 14 of this Warrant, the Holder shall not be entitled to vote or
receive dividends or be deemed the holder of Series B-1 Preferred Stock or any other securities of the Company that may at any time be issuable on the exercise hereof for any
purpose, nor shall anything contained herein be construed to confer upon the Holder, as such, any of the rights of a stockholder of the Company or any right to vote for the election of directors or
upon any matter submitted to stockholders at any meeting thereof, or to give or withhold consent to any corporate action (whether upon any recapitalization, issuance of stock, reclassification of
stock, change of par value, or change of stock to no par value, consolidation, merger, conveyance, or otherwise) or to receive notice of meetings, or to receive dividends or subscription rights or
otherwise until the Warrant shall have been exercised as provided herein. 

        7.     Transfer of Warrant.

        (a)   Warrant Register. The Company will maintain a register (the "Warrant Register") containing the names and addresses of the
Holder or Holders. Any Holder of this Warrant or any portion thereof may change his or her address as shown on the Warrant Register by written notice to the Company requesting such change. Any notice
or written communication required or permitted to be given to the Holder may be delivered or given by mail to such Holder as shown on the Warrant Register and at the address shown on the Warrant
Register. Until this Warrant is transferred on the Warrant Register of the Company, the Company may treat the Holder as shown on the Warrant Register as the absolute owner of this Warrant for all
purposes, notwithstanding any notice to the contrary. 

        (b)   Warrant Agent. The Company may, by written notice to the Holder, appoint an agent for the purpose of maintaining the
Warrant Register referred to in Section 7(a) above, issuing the Series B-1 Preferred Stock or other securities then issuable upon the exercise of this Warrant, exchanging
this Warrant, replacing this Warrant, or any or all of the foregoing. Thereafter, any such registration, issuance, exchange, or replacement, as the case may be, shall be made at the office of such
agent. 

        (c)   Transferability and Nonnegotiability of Warrant. This Warrant may not be transferred or assigned in whole or in part
without compliance with all applicable federal and state securities laws by the transferor and the transferee (including the delivery of investment representation letters reasonably satisfactory to
the Company, if such are requested by the Company). Subject to the provisions of this Warrant with respect to compliance with the Securities Act of 1933, as amended (the "Act"), title to this Warrant
may be transferred by endorsement (by the Holder executing the Assignment Form annexed hereto) and delivery in the same manner as a negotiable instrument transferable by endorsement and delivery. 

        (d)   Exchange of Warrant Upon a Transfer. On surrender of this Warrant for exchange, properly endorsed on the Assignment Form
and subject to the provisions of this Warrant with respect to compliance with the Act and with the limitations on assignments and transfers contained in this Section 7, the Company at its
expense shall issue to or on the order of the Holder a new warrant or 

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warrants
of like tenor, in the name of the Holder or as the Holder (on payment by the Holder of any applicable transfer taxes) may direct, for the number of shares issuable upon exercise hereof. 

        (e)   Compliance with Securities Laws.

        (i)    The
Holder of this Warrant, by acceptance hereof, acknowledges that this Warrant and the shares of Series B-1 Preferred Stock or Common Stock to be
issued upon exercise hereof or conversion thereof are being acquired solely for the Holder's own account and not as a nominee for any other party, and for investment, and that the Holder will not
offer, sell or otherwise dispose of this Warrant or any shares of Series B-1 Preferred Stock or Common Stock to be issued upon exercise hereof or conversion thereof except under
circumstances that will not result in a violation of the Act or any state securities laws. Upon exercise of this Warrant, the Holder shall, if requested by the Company, confirm in writing, in a form
satisfactory to the Company, that the shares of Series B-1 Preferred Stock or Common Stock so purchased are being acquired solely for the Holder's own account and not as a nominee
for any other party, for investment; and not with a view toward distribution or resale in violation of the Act. 

        (ii)   This
Warrant and all shares of Series B-1 Preferred Stock or Common Stock issued upon exercise hereof or conversion thereof shall be stamped or
imprinted with a legend in substantially the following form (in addition to any legend required by state securities laws): 

THE
SECURITIES REPRESENTED HEREBY HAVE BEEN ACQUIRED FOR INVESTMENT AND HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY APPLICABLE STATE SECURITIES LAWS. SUCH SECURITIES
AND ANY SECURITIES ISSUED HEREUNDER OR THEREUNDER MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF SUCH REGISTRATION OR AN EXEMPTION THEREFROM UNDER SAID ACT AND APPLICABLE
LAWS. 

        8.     Representations and Warranties of Company. In connection with the transactions provided for herein, the Company hereby
represents and warrants to the Holder that: 

        (a)   Organization, Good Standing, and Qualification. The Company is a corporation duly organized, validly existing, and in
good standing under the laws of the State of Delaware and has all requisite corporate power and authority to carry on its business as now conducted. The Company is duly qualified to transact business
and is in good standing in each jurisdiction in which the failure to so qualify would have a material adverse effect on its business or properties. 

        (b)   Authorization. The Company has all necessary corporate power and authority to execute, deliver and perform its
obligations under this Warrant. All corporate action has been taken on the part of the Company, its officers, directors, and stockholders necessary for the due authorization, execution and delivery of
this Warrant by the Company and the performance by the Company of its obligations hereunder. This Warrant has been duly executed and delivered by the Company and constitutes a legal, valid and binding
obligation of the Company, enforceable against the Company in accordance with its terms, except as may be limited by applicable bankruptcy, insolvency, reorganization or similar laws relating to or
affecting the enforcement of creditors' rights. The shares of Series B-1 Preferred Stock issuable upon exercise of this Warrant and the shares of Common Stock of the Company
issuable upon conversion of such shares of Series B-1 Preferred Stock have been duly and validly authorized and reserved for issuance by the Company. 

        (c)   Compliance with Other Instruments. The authorization, execution and delivery of this Warrant by the Company, the
consummation of the transactions contemplated hereby and the performance by the Company of its obligations hereunder will not (i) violate any judgment, order, decree, injunction, law or
regulation applicable to the Company; (ii) violate any term or provision of the Certificate or bylaws; (iii) violate, or result in a breach or default under, any other 

4

 

agreement
or instrument to which the Company is a party or by which it is bound or to which its properties or assets are subject, except for such violations, breaches or defaults which, individually
or in the aggregate, will not result in a material adverse effect upon the business operations, properties, assets, business prospects, results of operations or condition (financial or otherwise) of
the Company, the enforceability of any material provision of this Warrant or the ability of the Holder to enforce its rights and remedies under this Warrant; or (iv) result in the creation of
any lien, claim or other encumbrance on any of the property or other assets of the Company. 

        (d)   Valid Issuance of Preferred and Common Stock. The shares of Series B-1 Preferred Stock, when issued,
sold, and delivered in accordance with the terms of this Warrant for the consideration expressed herein, will be duly and validly issued, fully paid and nonassessable and will be issued in compliance
with all applicable federal and state securities laws, and none of such shares will be in violation of any preemptive rights of any person granted by the Company. The issuance and delivery of the
shares of Common Stock of the Company that are issuable upon conversion of the Series B-1 Preferred Stock, if any, when issued and delivered upon such conversion in accordance with
the terms of Series B-1 Preferred Stock, will be duly and validly issued, fully paid and nonassessable and will be issued in compliance with all applicable federal and state
securities laws, and none of such shares of Common Stock will be in violation of any preemptive rights of any person granted by the Company. 

        9.     Reservation of Stock. The Company covenants that during the term this Warrant is exercisable, the Company will reserve
from its authorized and unissued Series B-1 Preferred Stock a sufficient number of shares to provide for the issuance of Series B-1 Preferred Stock upon the
exercise of this Warrant (and shares of its Common Stock for issuance on conversion of such Series B-1 Preferred Stock) and, from time to time, will take all steps necessary to
amend its Certificate of Incorporation (the "Certificate") to provide sufficient reserves of shares of Series B-1 Preferred Stock issuable upon exercise of the Warrant (and shares
of its Common Stock for issuance on conversion of such Series B-1 Preferred Stock). The Company further covenants that all shares that may be issued upon the exercise of rights
represented by this Warrant and payment of the Exercise Price, all as set forth herein, will be free from all taxes, liens and charges in respect of the issue thereof (other than taxes in respect of
any transfer occurring contemporaneously or otherwise specified herein). The Company agrees that its issuance of this Warrant shall constitute full authority to its officers who are charged with the
duty of executing stock certificates to execute and issue the necessary certificates for shares of Series B-1 Preferred Stock upon the exercise of this Warrant. 

        10.   Notices.

        (a)   Whenever
the Exercise Price or number of shares purchasable hereunder shall be adjusted pursuant to Section 12 hereof, the Company shall issue a certificate
signed by its Chief Financial Officer setting forth, in reasonable detail, the event requiring the adjustment, the amount of the adjustment, the method by which such adjustment was calculated, and the
Exercise Price and number of shares purchasable hereunder after giving effect to such adjustment, and shall cause a copy of such certificate to be mailed (by first-class mail, postage prepaid) to the
Holder of this Warrant. 

        (b)   in
case: 

        (i)    The
Company shall take a record of the holders of its Common Stock (or other stock or securities at the time receivable upon the exercise of this Warrant) for the
purpose of entitling them to receive any dividend or other distribution, or any right to subscribe for or purchase any shares of stock of any class or any other securities, or to receive any other
right, or 

        (ii)   of
any capital reorganization of the Company, any reclassification of the capital stock of the Company, any consolidation or merger of the Company with or into another
corporation, or any conveyance of all or substantially all of the assets of the Company to another corporation, or 

5

 

        (iii)  of
any voluntary dissolution, liquidation or winding-up of the Company, 

then,
and in each such case, the Company will mail or cause to be mailed to the Holder or Holders a notice specifying, as the case may be, (A) the date on which a record is to be taken for the
purpose of such dividend, distribution or right, and stating the amount and character of such dividend, distribution or right, or (B) the date on which such reorganization, reclassification,
consolidation, merger, conveyance, dissolution, liquidation or winding-up is to take place, and the time, if any is to be fixed, as of which the holders of record-of
Series B-1 Preferred Stock or Common Stock (or such stock or securities at the time receivable upon the exercise of this Warrant) shall be entitled to exchange their shares of
Series B-1 Preferred Stock or Common Stock (or such other stock or securities) for securities or other property deliverable upon such reorganization, reclassification,
consolidation, merger, conveyance, dissolution, liquidation or winding-up. Such notice shall be mailed by overnight delivery at least 15 days prior to the date therein specified. 

        (c)   All
such notices, advices and communications shall be deemed to have been received (i) in the case of personal delivery, on the date of such delivery and
(ii) in the case of mailing, on the next business day following the date of such mailing by overnight delivery. 

        11.   Amendments.

        (a)   Any
term of this Warrant may be amended with the written consent of the Company and the Holder. 

        (b)   No
waivers of, or exceptions to, any term, condition or provision of this Warrant, in any one or more instances, shall be deemed to be, or construed as, a further or
continuing waiver of any such term, condition or provision. 

        12.   Adjustments. The Exercise Price and the number of shares purchasable hereunder are subject to adjustment from time to
time as follows: 

        12.1 Conversion or Redemption of Series B-1 Preferred Stock. Should all of the Company's
Series B-1 Preferred Stock be, or if outstanding would be, at any time prior to the expiration of this Warrant or any portion thereof, redeemed or converted into shares of the
Company's Common Stock in accordance with Article Fourth Sections B(5) or B(6) of the Certificate, then this Warrant shall become immediately exercisable for that number of shares of the Company's
Common Stock equal to the number of shares of the Common Stock that would have been received if this Warrant had been exercised in full and the Series B-1 Preferred Stock received
thereupon had been simultaneously converted immediately prior to such event, and the Exercise Price shall immediately be adjusted to equal the quotient obtained by dividing (x) the aggregate
Exercise Price
of the maximum number of shares of Series B-1 Preferred Stock for which this Warrant was exercisable immediately prior to such conversion or redemption, by (y) the number of
shares of Common Stock for which this Warrant is exercisable immediately after such conversion or redemption. For purposes of the foregoing, the "Certificate" shall mean the Certificate of
Incorporation of the Company as amended and/or restated and effective immediately prior to the redemption or conversion of all of the Company's Series B-1 Preferred Stock. 

        12.2 Merger, Sale of Assets, etc. If at any time while this Warrant, or any portion hereof, is outstanding and unexpired
there shall be (i) a reorganization (other than a combination, reclassification, exchange or subdivision of shares otherwise provided for herein), (ii) a merger or consolidation of the
Company with or into another corporation in which the Company is not the surviving entity, or a reverse triangular merger in which the Company is the surviving entity but the shares of the Company's
capital stock outstanding immediately prior to the merger are converted by virtue of the merger into other property, whether in the form of securities, cash, or otherwise, or (iii) a sale or
transfer of the Company's properties and assets as, or substantially as, an entirety to any other person, then, as a part of such reorganization, merger, consolidation, sale 

6

 

or
transfer, lawful provision shall be made so that the holder of this Warrant shall thereafter be entitled to receive upon exercise of this Warrant, during the period specified herein and upon
payment of the Exercise Price then in effect, the number of shares of stock or other securities or property of the successor corporation resulting from such reorganization, merger, consolidation, sale
or transfer that a holder of the shares deliverable upon exercise of this Warrant would have been entitled to receive in such reorganization, consolidation, merger, sale or transfer if this Warrant
had been exercised immediately before such reorganization, merger, consolidation, sale or transfer, all subject to further adjustment as provided in this Section 12. If the
per-share consideration payable to the holder hereof for shares in connection with any such transaction is in a form other than cash or marketable securities, then the value of such
consideration shall be determined in good faith by the Company's Board of Directors. In all events, appropriate adjustment (as determined in good faith by the Company's Board of Directors) shall be
made in the application of the provisions of this Warrant with respect to the rights and interests of the Holder after the transaction, to the end that the provisions of this Warrant shall be
applicable after that event, as near as reasonably may be, in relation to any shares or other property deliverable after that event upon exercise of this Warrant. 

        12.3 Reclassification, etc. If the Company, at any time while this Warrant, or any portion hereof, remains outstanding and
unexpired by reclassification of securities or otherwise, shall change any of the securities as to which purchase rights under this Warrant exist into the same or a different number of securities of
any other class or classes, this Warrant shall thereafter represent the right to acquire such number and kind of securities as would have been issuable as the result of such change with respect to the
securities that were subject to the purchase rights under this Warrant immediately prior to such reclassification or other change and the Exercise Price therefor shall be appropriately adjusted, all
subject to further adjustment as provided in this Section 12. No adjustment shall be made pursuant to this Section 12.3, upon any conversion or redemption of the
Series B-1 Preferred Stock which is the subject of Section 12.1. 

        12.4 Split, Subdivision or Combination of Shares. If the Company at any time while this Warrant, or any portion hereof,
remains outstanding and unexpired shall split, subdivide or combine the securities as to which purchase rights under this Warrant exist, into a different number of securities of the same class, the
Exercise Price for such securities shall be proportionately decreased in the case of a split or subdivision or proportionately increased in the case of a combination. 

        12.5 Adjustments for Dividends in Stock or Other Securities or Property. If while this Warrant, or any portion hereof,
remains outstanding and unexpired, the holders of the securities as to which purchase rights under this Warrant exist at the time shall have received, or, on or after the record date fixed for the
determination of eligible stockholders, shall have become entitled to receive, without payment therefor, other or additional stock or other securities or property (other than cash) of the Company by
way of dividend, then and in each case, this Warrant shall represent the right to acquire, in addition to the number of shares of the security receivable upon exercise of this Warrant, and without
payment of any additional consideration therefor, the amount of such other or additional stock or other securities or property (other than cash) of the Company that such holder would hold on the date
of such exercise had it been the holder of record of the security receivable upon exercise of this Warrant on the Warrant Issue Date and had thereafter, during the period from the Warrant Issue Date
to and including the date of such exercise, retained such shares and/or all other additional stock available by it as aforesaid during such period, giving effect to all adjustments called for during
such period by the provisions of this Section 12. 

        12.6 Certificate as to Adjustments. Upon the occurrence of each adjustment or readjustment pursuant to this
Section 12, the Company at its expense shall promptly compute such adjustment or readjustment in accordance with the terms hereof and furnish to each Holder of this Warrant a 

7

 

certificate
setting forth such adjustment or readjustment and showing in detail the facts upon which such adjustment or readjustment is based. The Company shall, upon the written request, at any time,
of any such Holder, furnish or cause to be furnished to such Holder a like certificate setting forth: (i) such adjustments and readjustments; (ii) the Exercise Price at the time in
effect; and (iii) the number of shares and the amount, if any, of other property that at the time would be received upon the exercise of the Warrant. 

        12.7 No Impairment. The Company will not, by any voluntary action, avoid or seek to avoid the observance or performance of
any of the terms to be observed or performed hereunder by the Company, but will at all times in good faith assist in the carrying out of all the provisions of this Section 12 and in the taking
of all such action as may be necessary or appropriate in order to protect the rights of the Holder of this Warrant against impairment. 

        13.   Representations and Covenants of the Holder. This Warrant has been entered into by the Company in reliance upon the
following representations and covenants of the Holder, which by its execution hereof the Holder hereby confirms: 

        13.1 Investment Purpose. The right to acquire Series B-1 Preferred Stock contained herein will be acquired
for investment and not with a view to the sale or distribution of any part thereof, and the Holder has no present intention of selling or engaging in any public distribution of the same except
pursuant to a registration or exemption. 

        13.2 Accredited Investor. The Holder is an "accredited investor" within the meaning of the Securities and Exchange
Rule 501 of Regulation D, as presently in effect. 

        13.3 Private Issue. The Holder understands (i) that the Series B-1 Preferred Stock issuable upon
exercise of the Holder's rights contained herein is not registered under the Securities Act of 1933, as amended, or qualified under applicable state securities laws on the ground that the issuance
contemplated by this Warrant will be exempt from the registration and qualifications requirements thereof, and (ii) that the Company's reliance on such exemption is predicated on the
representations set forth in this Section 13. 

        13.4 Financial Risk. The Holder has such knowledge and experience in financial and business matters as to be capable of
evaluating the merits and risks of its investment and has the ability to bear the economic risks of its investment. Holder acknowledges that there is no public market for the Warrant or the
Series B-1 Preferred Stock and the Company makes no representations therefor. 

        13.5 Conditions Precedent to becoming a Stockholder. Upon exercise of this Warrant, as a condition precedent to becoming the
owner or holder of record of shares of the Series B-1 Preferred Stock, the Holder hereby agrees to execute instruments of adherence in order to become a party to and bound by that
certain (i) Second Amended and Restated Stockholders Agreement dated as of May 16, 2006, as amended from time to time, by and among the Company and certain stockholders of the Company,
and (ii) Second Amended and Restated Investor Rights Agreement dated as of May 16, 2006, as amended from time to time, by and among the Company and the investor parties thereto.
Furthermore, upon exercise of this Warrant, as a condition precedent to becoming the owner or holder of record of shares of the Series B-1 Preferred Stock, the Holder agrees to take
all actions that the Company or its counsel reasonably deems necessary or appropriate to become a stockholder of the Company. 

        14.   Information. So long as the Holder holds the Warrant and/or shares of Preferred Stock or Common Stock, the Company shall
deliver to the Holder: 

        14.1 Monthly Reports. as soon as available and in any event within 30 days after the end of each calendar month,
unaudited financial statements of the Company and its subsidiaries as of the 

8

 

end
of such month and statements of income and retained earnings of the Company and its subsidiaries for such month and for the period commencing at the end of the previous fiscal year and ending with
the end of such month, setting forth in each case in comparative form the corresponding figures for the corresponding period of the preceding fiscal year, and including comparisons to monthly budgets,
a cash flow analysis for such month, a schedule showing each expenditure of a capital nature during such month, and a summary discussion of the Company's principal functional areas, all in reasonable
detail; 

        14.2 Quarterly Reports. to the extent not otherwise provided to any person, as soon as available and in any event within
45 days after the end of each of the first three quarters of each fiscal year of the Company, financial statements of the Company and its subsidiaries as of the end of such quarter and
statements of income and cash flows of the Company and its subsidiaries for such quarter and for the period commencing at the end of the previous fiscal year and ending with the end of such quarter,
setting forth in each case in comparative form the corresponding figures for the corresponding period of the preceding fiscal year, and including comparisons to quarterly budgets and a summary
discussion of the Company's principal functional areas, all in reasonable detail and duly certified by the chief financial officer of the Company (or if there shall be no chief financial officer, a
principal officer of the Company) as having been prepared in accordance with generally accepted accounting principles consistently applied (subject to year-end audit adjustments); and 

        14.3 Annual Reports. as soon as available and in any event within 90 days after the end of each fiscal year of the
Company, a copy of the annual audit report for such year for the Company and its subsidiaries, including therein consolidated balance sheets of the Company and its subsidiaries as of the end of such
fiscal year and consolidated statements of income and of the Company and its subsidiaries for such fiscal year, setting forth in each case in comparative form the corresponding figures for the
preceding fiscal year, all such consolidated statements to be duly certified by the chief financial officer of the Company (or if there shall be no chief financial officer, a principal officer of the
Company) and by such independent public accountants of recognized national standing approved by a majority of the board of directors. 

        15.   Descriptive Headings and Governing Law. The description headings of the several sections and paragraphs of this Warrant
are inserted for convenience only and do not constitute a part of this Warrant. This Warrant shall be construed and enforced in accordance with, and the rights of the parties shall be governed by, the
laws of the State of New York without regard to conflicts of law provisions. 

[Remainder of page intentionally left blank.]

9

 

        IN
WITNESS WHEREOF, the parties have executed this reissued Warrant as of the date set forth below. 

Dated:
November 20, 2006

Reissued: February 23, 2007 

	BLUECREST VENTURE FINANCE MASTER FUND LIMITED

By: BlueCrest Capital Management L.P. (acting through its gerneral partner BlueCrest Capital Management Limited) in its capacity as investment manager to and for and on behalf of BlueCrest Venture Finance Master Fund Limited	 	ENERNOC, INC.
	

By:	
 	

/s/  ILLEGIBLE      	
 	

By:	
 	

/s/  NEAL ISAACSON      
	 	 	
	 	 	 	

	Name:	 	Illegible	 	Name:	 	Neal Isaacson
	Title:	 	General Counsel	 	Title:	 	CFO

10

 
NOTICE OF EXERCISE  

To:
EnerNOC, Inc. 

        (1)   The
undersigned hereby (A) elects to purchase            shares of Series B-1 Preferred Stock of EnerNOC, Inc., pursuant to the
provisions of Section 3(a) of the attached Warrant, and tenders herewith payment of the purchase price for such shares in full, or (B) elects to exercise this Warrant for the purchase
of            shares of Series B-1 Preferred Stock, pursuant to the provisions of Section 3(c) of the attached Warrant. 

        (2)   In
exercising this Warrant, the undersigned hereby confirms and acknowledges that the shares of Series B-1 Preferred Stock or the Common Stock to be
issued upon conversion thereof are being acquired solely for the account of the undersigned and not as a nominee for any other party, and for investment, and that the undersigned will not offer, sell
or otherwise dispose of any such shares of Series B-1 Preferred Stock or Common Stock except under circumstances that will not result in a violation of the Securities Act of 1933,
as amended, or any applicable state securities laws. 

        (3)   Please
issue a certificate or certificates representing said shares of Series B-1 Preferred Stock in the name of the undersigned or in such other name
as is specified below: 

(Name) 

        (4)   Please
issue a new Warrant for the unexercised portion of the attached Warrant in the name of the undersigned or in such other name as is specified below: 

Name:

Date: 

11

 
ASSIGNMENT FORM  

        FOR VALUE RECEIVED, the undersigned registered owner of this Warrant hereby sells, assigns and transfers unto the Assignee named below all of the rights of the
undersigned under the within Warrant, with respect to the number of shares of Series B-1 Preferred Stock (or Common Stock) set forth below: 

	Name of Assignee	 	Address	 	No. of Shares

and
does hereby irrevocably constitute and appoint                        Attorney to make such transfer on the books of EnerNOC,
 Inc., maintained for the purpose, with full power of substitution in
the premises. 

        The
undersigned also represents that, by assignment hereof, the Assignee acknowledges that this Warrant and the shares of stock to be issued upon exercise hereof or conversion thereof
are being acquired for investment and that the Assignee will not offer, sell or otherwise dispose of this Warrant or any shares of stock to be issued upon exercise hereof or conversion thereof except
under circumstances which will not result in a violation of the Securities Act of 1933, as amended, or any state securities laws. Further, the Assignee has acknowledged that upon exercise of this
Warrant, the Assignee shall, if requested by the Company, confirm in writing, in a form satisfactory to the Company, that the shares of stock so purchased are being acquired for investment and not
with a view toward distribution or resale. 

Name:  

Dated: 

12QuickLinks
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*** Indicates material has been omitted pursuant to a Confidential Treatment Request filed with

the Securities and Exchange Commission. A complete copy of this agreement has been

filed separately with the Securities and Exchange Commission. 

Exhibit 10.18  

 AGREEMENT  

 FOR  

 SUPPLEMENTAL INSTALLED CAPACITY

SOUTHWEST CONNECTICUT

(LRP Resources)  

 Between  

 ISO New England Inc.

as agent for the Market Participants in the New England Control Area  

 And  

 EnerNOC, Inc.  

 
  
 

    Table of Contents    
    

	 
	 	 
	 	Page

	ARTICLE 1 DEFINITIONS AND RULES OF INTERPRETATION	 	1
	1.1	 	Definitions	 	1
	1.2	 	Interpretation	 	3
	

ARTICLE 2 PROVISION OF DEMAND RESPONSE RESOURCE	
 	

3
	2.1	 	Filing of Agreement with FERC	 	3
	2.2	 	Permits and Authorizations	 	3
	2.3	 	Availability of LRP Resource	 	3
	2.4	 	Credit Requirement	 	4
	2.5	 	Failure to Make LRP Resource Available	 	4
	2.6	 	Interconnection Standards and Costs	 	4
	2.7	 	Metering and Verification	 	5
	2.8	 	Third Parties	 	5
	

ARTICLE 3 DELIVERY OF COMMITTED RESOURCE CAPABILITY	
 	

5
	3.1	 	Delivery Requirements	 	5
	3.2	 	Audit After Failure of LRP Resource	 	5
	

ARTICLE 4 PAYMENT AND SETTLEMENT	
 	

6
	4.1	 	ISO Billing Process	 	6
	4.2	 	Supplemental Capacity Payment	 	6
	

ARTICLE 5 COVENANTS	
 	

7
	5.1	 	Operation and Maintenance	 	7
	5.2	 	Insurance	 	7
	

ARTICLE 6 FORCE MAJEURE EVENTS	
 	

7
	6.1	 	Notice of Force Majeure Event	 	7
	6.2	 	Effect of Force Majeure Event	 	7
	6.3	 	Remedial Efforts	 	8
	

ARTICLE 7 REPRESENTATIONS AND WARRANTIES	
 	

8
	7.1	 	Representations and Warranties	 	8
	

ARTICLE 8 TERM AND TERMINATION	
 	

9
	8.1	 	Term	 	9
	8.2	 	Termination	 	9
	8.3	 	Effect of Termination or Expiration	 	10
	

ARTICLE 9 REMEDIES	
 	

10
	9.1	 	Damages and Other Relief	 	10
	 	 	 	 	 

i

 

	

ARTICLE 10 MISCELLANEOUS PROVISIONS	
 	

11
	10.1  	 	Assignment	 	11
	10.2  	 	Notices	 	11
	10.3  	 	Party Representatives	 	12
	10.4  	 	Effect of Invalidation, Modification, or Condition	 	12
	10.5  	 	Amendments	 	13
	10.6  	 	Governing Law	 	13
	10.7  	 	Entire Agreement	 	13
	10.8  	 	Independent Contractors	 	13
	10.9  	 	Counterparts	 	13
	10.10	 	Confidentiality	 	13
	10.11	 	Beneficiaries	 	13
	10.12	 	Waiver	 	13

ii

SUPPLEMENTAL INSTALLED CAPACITY AGREEMENT  

        This Supplemental Installed Capacity Agreement ("Agreement") is entered into as of April 13, 2004, by and
between ISO New England Inc. (the "ISO"), on behalf of the market participants in the New England Control Area (the
"Market Participants"), and EnerNOC, Inc. (the "Supplier") (individually, a "Party," and
collectively, the "Parties") and, except for Supplier's obligation pursuant to Section 2.1, shall become effective on the Effective Date. 

RECITALS  

	A.
	The
ISO is seeking to improve system reliability within the Southwest Connecticut region ("SWCT") at times of peak demand and has issued
an RFP seeking proposals for (i) the installation of incremental capacity capable of 10-minute or 30-minute dispatch response ("quick-start
capacity") through the installation of capacity at new sites or incremental quick-start capacity installed at existing generating resources in SWCT, (ii) customer load
reductions through firm load curtailments in SWCT capable of 10-minute or 30-minute dispatch response eligible to participate in the existing Load Response Program
("LRP"), (iii) emergency generation in SWCT capable of 10-minute or 30-minute dispatch response eligible to participate
in the LRP, and iv) peak-load reducing Conservation and Load Management ("C&LM") projects in SWCT.

	B.
	The
ISO is the independent entity responsible for the operation of the New England Control Area, consistent with proper standards of reliability, including administration of the Open
Access Transmission Tariff and the region's wholesale electricity marketplace.

	C.
	The
Supplier is a NEPOOL Participant or is a Demand Response Provider (as defined in Manual M-LRP Load Response Program Manual
("M-LRP") (collectively referred to as "Enrolling Participants") and has submitted a
proposal in response to the RFP that has been accepted by the ISO. 

        NOW
THEREFORE, in consideration of the agreements and covenants set forth herein, and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged,
and intending to be legally bound by this Agreement as of the Effective Date, the Parties covenant and agree as follows: 

ARTICLE 1

DEFINITIONS AND RULES OF INTERPRETATION  

        1.1    Definitions.    Except for terms defined herein, capitalized terms shall be as defined in NEPOOL Market
Rule 1. 

        1.1.1 "Agreement" shall have the meaning set forth in the Preamble. 

        1.1.2    "Committed Capacity Amount" shall mean the megawatt ("MW") amount for the LRP Resource shown in Schedule IV
hereto. 

        1.1.3    "Contract ICAP Price" shall mean the price expressed in $/MW to be paid for the Committed Capacity Amount for a month
as set forth in Schedule IV. 

        1.1.4    "Customers" means the persons or entities with which the Supplier contracts for the provision of load reduction or
emergency generation capacity pursuant to this Agreement. 

        1.1.5    "Effective Date" shall mean the date on which this Agreement is allowed to become effective without modification by
FERC pursuant to the FERC's February 27, 2004 order in Docket No. ER04-335-000, as such order may be clarified or modified by FERC. 

        1.1.6    "Extension Term" shall have the meaning set forth in Section 8.1.2. 

        1.1.7    "FERC" means the Federal Energy Regulatory Commission. 

 

        1.1.8    "Force Majeure Event" means any act of God, labor disturbance, act of the public enemy, war, insurrection, riot, storm
or flood, fire or explosion (other than the LRP Resource), curtailment of the transmission system (other than due to the LRP Resource or Supplier's equipment), any order, regulation or restriction
imposed by a Governmental Authority, or any other cause beyond a Party's control. 

        1.1.9    "Governmental Authority" means the government of any nation, state or other political subdivision thereof, including
any entity lawfully exercising executive, military, legislative, judicial, regulatory, or administrative functions of or pertaining to a government. 

        1.1.10    "ICAP" means Installed Capacity. 

        1.1.11    "ICAP Credit Amount" shall be the ICAP Credit as defined in Manual M-LRP before any gross-up
for the reserve margin, and the MW value of which shall be calculated in accordance with Manual M-LRP. 

        1.1.12    "Initial Term" shall have the meaning set forth in Section 8.1.1. 

        1.1.13    "Law" means any law, treaty, code, rule, regulation, or order or determination of an arbitrator, court or other
Governmental Authority, or any license, permit, certificate authorization, qualification, or approval granted by a Governmental Authority to the extent binding on a Party or any of its property. 

        1.1.14    "LRP Resource" means a resource (including Emergency Generators) that is able to reduce load as requested by the ISO
within 30 minutes or less in accordance with the LRP as defined in Manual M-LRP and identified in Schedule IV hereto. LRP Resources must enroll in a LRP providing ICAP credit in
order to provide the services contemplated in this Agreement. To the extent that the Supplier provides more than one resource as identified in Schedule IV, references in this Agreement to a
single resource shall be interpreted as applying to each resource identified in Schedule IV. 

        1.1.15    "Party" means either the ISO or Supplier, as the context requires, and "Parties" means ISO and Supplier, as the
context requires. 

        1.1.16    "Proposed Service Date" shall have the meaning set forth in Schedule IV. 

        1.1.17    "Service Date" means the date upon which the LRP Resource actually becomes available for dispatch by the ISO in
accordance with Market Rule 1 and the NEPOOL Manuals. 

        1.1.18    "SWCT" shall have the meaning set forth in the Recitals and shall further be defined to include the region comprised
of the 54 cities and towns identified on Schedule III. 

        1.1.19    "Term" shall mean either the Initial Term or any Extension Term. 

        1.2    Interpretation.    In this Agreement, unless otherwise indicated or otherwise required by the context, the
following rules of interpretation shall apply: 

        1.2.1    Reference to and the definition of any document (including this Agreement, Market Rule 1 and the NEPOOL Manuals)
shall be deemed a reference to such document as it may be amended, supplemented, revised, or modified from time to time and any document that is a successor thereto. 

        1.2.2    The article and section headings, and other captions in this Agreement are for the purpose of reference only and do not
limit or affect its meaning. 

        1.2.3    Defined terms in the singular shall include the plural and vice versa, and the masculine, feminine or neuter gender
shall include all genders. 

2

 

        1.2.4    Accounting terms used herein shall have the meanings given to them under generally accepted accounting principles
within the United States consistently applied. 

        1.2.5    The term "including" when used herein shall be by the way of example only and shall not be considered in any way a
limitation. 

ARTICLE 2

PROVISION OF DEMAND RESPONSE RESOURCE  

        2.1    Filing of Agreement with FERC.    The Supplier acknowledges and agrees that upon execution of this Agreement,
Supplier shall file this Agreement with FERC pursuant to the FERC's February 27, 2004 order in Docket No. ER04-335-000. 

        2.2    Permits and Authorizations.    Supplier must demonstrate that it has obtained all regulatory authorizations and
environmental permits necessary for it to perform its obligations under this Agreement prior to the Service Date. The Supplier will use all commercially reasonable efforts to maintain such
authorizations and permits through the Term of the contract. Each Party shall act in good faith toward the other Party when dealing with governmental regulatory bodies and other third parties
regarding matters arising under or in connection with this Agreement, including any informational or other filings submitted to the FERC. 

        2.3    Availability of LRP Resource.    Supplier will use commercially reasonable efforts to make the LRP Resource
available to respond to the ISO's instructions in accordance with Market Rule 1 and the NEPOOL Manuals by the Proposed Service Date including obtaining all necessary regulatory authorizations
and environmental permits. 

        2.4    Credit Requirement.    On the Effective Date of this Agreement and continuing until thirty (30) days
following the date Supplier's first demonstrated ICAP Credit Amount of each LRP Resource has been completed, Supplier shall provide the ISO with a cash escrow account in a total amount equal to
$*******, calculated as one sixth (1/6) of the monthly Contract ICAP Price multiplied by the Committed Capacity Amount for the second Proposed Service Date summed over the twelve months
after the second Proposed Service Date (the "Credit Amount"), which cash escrow account will be substantially in the form specified in the Financial
Assurance Policy for NEPOOL Members set forth in the NEPOOL Tariff, modified as necessary to provide the ISO with authority to draw against such cash escrow account for the amount of any liquidated
damages assessed under this Agreement. When the first demonstrated ICAP Credit Amount of each LRP Resource for the second Proposed Service Date has been completed and any liquidated damages pursuant
to Section 2.5.2 have been assessed and paid in full by the Supplier, the amount of the cash escrow account shall be reduced to $******* (two thirds of the Credit Amount). When the first
demonstrated ICAP Credit Amount of each LRP Resource for the third Proposed Service Date has been completed and any liquidated damaged pursuant to Section 2.5.2 have been assessed and paid in
full by Supplier, the amount of the cash escrow account shall be reduced to $******* (one third of the Credit Amount). 

        2.5    Failure to Make LRP Resource Available.    This Agreement imposes liquidated damages on the Supplier for
failure to make the LRP Resource available as follows: 

        2.5.1    Failure to Meet the Proposed Service Date. With respect to the first Proposed Service Date only, if the Service Date
fails to occur on or prior to December 1, 2004, and notwithstanding anything to the contrary contained in this Section or this Agreement (including, without limitation, a Force Majeure Event),
the ISO, in its sole discretion, may terminate the LRP Resource by providing five (5) business days notice to Supplier declaring the ISO's intention to terminate such LRP Resource. 

        With
respect to all other Proposed Service Dates, if the Service Date fails to occur within sixty (60) calendar days of the Proposed Service Date, the ISO, in its sole discretion,
may terminate the 

3

 

LRP
Resource by providing five (5) business days notice to Supplier declaring the ISO's intention to terminate such LRP Resource; provided, however, that the ISO shall not have the right to
terminate such LRP Resource for an additional sixty (60) calendar days if such failure is due to a Force Majeure Event. Notwithstanding anything to the contrary contained in this Section or
this Agreement (including, without limitation, a Force Majeure Event), the ISO, in its sole discretion, may terminate such LRP Resource if the Service Date fails to occur within one hundred twenty
(120) calendar days of the Proposed Service Date by providing five (5) business days notice to Supplier declaring the ISO's intention to terminate such LRP Resource. 

        In
the event the ISO terminates the LRP Resource pursuant to this Section 2.5.1, Supplier shall pay the ISO that portion of the Credit Amount attributable to the terminated LRP
Resource, as liquidated damages, and the ISO will adjust Schedule IV to reflect such termination. 

        2.5.2    Failure to Meet the Committed Capacity Amount. If the first demonstrated ICAP Credit Amount of the LRP Resource for the
second Proposed Service Date is less than the amount proposed on Schedule IV, the Supplier shall pay the ISO an amount equal to 1/15th of the Credit Amount multiplied by the
difference between the Committed Capacity Amount for the applicable month and the first demonstrated ICAP Credit, as liquidated damages. This calculation shall be based on the sum of ICAP Credit
Amounts for all LRP Resources demonstrating during the same event or audit. 

        If
the first demonstrated ICAP Credit Amount of the LRP Resource for each of the subsequent Proposed Services Dates is less than the amount proposed on Schedule IV, the Supplier
shall pay the ISO an amount equal to 1/15th of the Credit Amount multiplied by the difference between the Committed Capacity Amount for the applicable month and the first demonstrated
ICAP Credit, as liquidated damages. This calculation shall be based on the sum of ICAP Credit Amounts for all LRP Resources demonstrating during the same event or audit. 

        2.6    Interconnection Standards and Costs.    LRP Resources must meet applicable interconnection standards. Any costs
incurred by the Supplier to obtain permits, meet interconnection requirements, construct or install generating equipment, construct or install load control or load reducing equipment, install required
metering equipment, implement ISO approved metering and verification plans including, but not limited to independent audits, engineering analysis and sub-metering, and take all other steps
necessary to provide ICAP by the Proposed Service Date shall be borne solely by the Supplier. 

        2.7    Metering and Verification.    Metering and verification will be conducted in accordance with the
M-LRP. An Internet-Based Communication System ("IBCS") through an ISO approved provider and either an interval meter or an ISO approved Measurement and Verification Plan, as defined in the
M-LRP are required. Customer base-line consumption and load reductions will be verified through the applicable metering and verification provisions of the LRP. 

        2.8    Third Parties.    Supplier may enter into contracts with other entities for provision of all or a portion of
the committed Installed Capacity from each LRP Resource. Supplier acknowledges and agrees that it shall be fully responsible for the acts and omissions of such third-parties. Nothing in this Agreement
shall create any contractual agreement between a third-party and the ISO. The ISO shall have no obligation to make any direct payments to third-parties. 

ARTICLE 3

DELIVERY OF COMMITTED RESOURCE CAPABILITY  

        3.1    Delivery Requirements.    This Agreement imposes requirements on Supplier with regard to the delivery of the
LRP Resource as provided below. 

4

 

        3.1.1    During the Term, the Supplier will comply with the ISO's instructions and will provide service from the LRP Resource in
accordance with Market Rule 1 (including Appendix E) and the NEPOOL Manuals. 

        3.1.2    The Supplier must deliver at least the minimum LRP Resources set forth on Schedule IV from the "Preferred Towns"
in SWCT. The Supplier may satisfy its obligation to deliver the LRP Resources
designated on Schedule IV from the "Other Towns" in SWCT through the use of one or more substitute LRP Resources from the "Preferred Towns" in SWCT. 

        3.1.3    The minimum activation time period guaranteed for the LRP Resource shall be two (2) hours, provided, however,
that the ISO may terminate an event before the end of the two-hour period, in which case, the Supplier may terminate service before the end of the two-hour period. Services are
required or must be demonstrated, at a minimum, during on-peak hours defined as 7:00 am to 6:00 pm Monday through Friday on non-holidays. 

        3.1.4    LRP Resources must participate in those LRP programs for 30-minute notice that offer ICAP credit and such
participation will count towards meeting any ICAP requirements. 

        3.1.5    Each LRP Resource must be located within SWCT and must satisfy all of the eligibility criteria set forth in the RFP. 

        3.2    Audit After Failure of LRP Resource.    In the event a LRP Resource fails to respond to any load response event
direction, audit, test or other measure of the ISO at the level of its Committed Capacity Amount, the Supplier shall have five (5) business days (the "Notice
Period") to request (in writing) to re-demonstrate the LRP Resource (the "Audit Request"). In addition, for purposes
of an initial demonstration of a LRP Resource only, Supplier may submit to ISO in writing an Audit Request of such LRP Resource. The ISO will use commercially reasonable efforts to reschedule a
re-demonstration (or initial demonstration, as applicable) of the LRP Resource (the "Audit") within sixty (60) days following the end
of the Notice Period (or, in the case of an initial demonstration of a LRP Resource, the date the ISO receives Supplier's written request), or as soon as reasonably feasible thereafter, in light of
the circumstances and the availability of ISO personnel and resources; provided, however, that in the event of a subsequent load response event direction from ISO prior to the completion of the Audit,
the LRP Resource will re-demonstrate (or initially demonstrate, as the case may be) its capability by responding to such load response event direction in lieu of the Audit. The Supplier
may only make one (1) Audit Request in a twelve-month period during the Term. All other re-demonstrations (or initial demonstrations, as the case may be) will be conducted during
the normal ISO audit cycle unless otherwise agreed to in writing by ISO, in its sole discretion. To cover ISO's administrative costs in conducting the Audit, the Supplier shall be charged a fee for
the Audit in an amount equal to $1,000 multiplied by the Committed Capacity Amount for the month in which the LRP Resource failed to respond (or in the case of an initial demonstration, the applicable
Committed Capacity Amount for such LRP Resource). 

ARTICLE 4

PAYMENT AND SETTLEMENT  

        4.1    ISO Billing Process.    From and after the first day of the month following the Service Date, the ISO, as agent
for the Market Participants, shall apportion, bill and collect from the Market Participants payments and charges for delivery or non-delivery of services from LRP Resources in the LRP
Market in accordance with this Agreement, Market Rule 1 and the NEPOOL Manuals. All payments will be made through the ISO billing process directly to the Enrolling Participant. ISO shall have
the right to set-off any amounts owed by Supplier under this Agreement against any payments otherwise payable to Supplier under this Agreement. 

5

 

        4.2    Supplemental Capacity Payment.    The monthly Supplemental Capacity Payment for the LRP Resource will commence
on the first day of the month following the Service Date and will be equal to the Contract ICAP Price (for the preceding month) multiplied by the ICAP Credit Amount (for the preceding month). The
Supplemental Capacity Payment for each month will be reduced (but not to less than zero) by an amount equal to the ICAP Credit Amount multiplied the Price Component, provided, that the Supplemental
Capacity Payment for the first full calendar month following the Service Date shall not be reduced if the LRP Resource was not eligible to participate in the Supply Auction. For purposes of this
Section, "Price Component" shall mean the monthly UCAP Supply Auction clearing price; provided, however, that if a locational ICAP or other new capacity market is implemented, the "Price Component" of
the calculation shall be equal to the most recent clearing price at which load shifting is settled for the locational ICAP or other new capacity market for the area applicable to the LRP Resource's
location determined in a manner consistent with such locational ICAP or other new capacity market. The Supplemental Capacity Payment will not be reduced for any other non-ICAP payments
that the LRP Resource may earn. If the initial ICAP Credit Amount actually demonstrated is less than the Committed Capacity Amount, the Supplemental Capacity Amount paid in all months prior to the
initial demonstration will be trued-up and rebilled according to the demonstrated ICAP Credit Amount. The ICAP Credit Amount may change from month to month based on load response events or
audits as described in the M-LRP. The ISO in its sole discretion may initiate whatever audits, tests or other measures are necessary to determine the actual performance of the LRP Resource
and its ability to continue to perform and has the authority to adjust the ICAP Credit Amount to recognize the results of its investigation. Notwithstanding anything to the contrary contained in this
Agreement, the Supplemental Capacity Payment for any month shall not exceed payment for more than one hundred ten percent (110%) of the Committed Capacity Amount. 

ARTICLE 5

Covenants  

        5.1    Operation and Maintenance.    Supplier shall operate and maintain, or cause the operation and maintenance of
the LRP Resource to be in accordance with Market Rule 1 and the NEPOOL Manuals. 

        5.2    Insurance.    Supplier shall arrange for and maintain an appropriate minimum level of liability and property
insurance coverage as follows: comprehensive general liability (including blanket contractual liability) and property damage insurance sufficient to protect the ISO and the Supplier from claims for
damages for personal injury (including bodily injury), sickness or disease, accidental death and damage to property, including loss of use resulting from any property damage, which may arise from or
in connection with Supplier's obligations under this Agreement. The limits of such insurance shall be in an amount not less than $1,000,000 each person and $5,000,000 each occurrence, personal injury
and property damage combined. The Supplier shall also maintain workers' compensation or other similar insurance offering statutory coverage and containing statutory limits. Such policies must
(i) be occurrence rather than claims-made policies (ii) name the ISO as an additional insured for covered incidents related to activities under this Agreement (other than
workers' compensation or similar insurance) and (iii) contain a provision stating that such policy or policies may not be cancelled or materially altered except after thirty (30) days'
written notice to the ISO. Upon execution of this Agreement, the Supplier shall furnish to the ISO a certificate or certificates of such insurance, reflecting the ISO as an additional insured. 

ARTICLE 6

FORCE MAJEURE EVENTS  

        6.1    Notice of Force Majeure Event.    Neither Party will be liable or deemed to be in breach of this Agreement for
failure of performance under this Agreement due to a Force Majeure Event. If any 

6

 

Party
is unable to perform its obligations under this Agreement due to a Force Majeure Event, the Party unable to perform shall promptly notify the other Party. 

        6.2    Effect of Force Majeure Event.    In the event that a Force Majeure Event prevents any LRP Resource from being
available to the ISO for a period in excess of sixty (60) consecutive days (the "Unavailability Period"), the ISO, in its sole discretion, may
terminate the LRP Resource or this Agreement by providing five (5) days notice to Supplier declaring the ISO's intention to terminate the LRP Resource or this Agreement; provided, however, that
for purposes of its right to terminate the LRP Resource or this Agreement, the ISO may extend the Unavailability Period in its sole discretion. Notwithstanding anything to the contrary contained in
this Agreement, in no event shall the ISO be obligated to make any payments under this Agreement for an LRP Resource during any period that such LRP Resource is unavailable due to a Force Majeure
Event. 

        6.3    Remedial Efforts.    The Party unable to perform by reason of a Force Majeure Event shall use reasonable
efforts to remedy its inability to perform and to mitigate the consequences of the Force Majeure Event as soon as reasonably practicable; provided that (i) no Party shall be required to settle
any strike, walkout, lockout, or other labor dispute on terms which, in the Party's sole discretion, are contrary to its interests and (ii) the Party unable to perform shall, as soon as
practicable, advise the other Party of the reason for its inability to perform, the nature of any corrective action needed to resolve performance, and its efforts to remedy its inability to perform
and to mitigate the consequences of its inability to perform and shall advise the other Party of when it estimates it will be able to resume performance of its obligations under this Agreement. 

ARTICLE 7

REPRESENTATIONS AND WARRANTIES  

        7.1    Representations and Warranties.    

        7.1.1    As of the Effective Date, ISO represents and warrants to Supplier as follows: 

        (a)   ISO is a validly existing corporation with full authority to enter into this Agreement. 

        (b)   ISO has taken all necessary measures to have the execution and delivery of this Agreement authorized, and upon the
execution and delivery of this Agreement, this Agreement shall be a legally binding obligation of ISO. 

        (c)   ISO has or will have all regulatory authorizations necessary for it to perform its obligations under this Agreement. 

        (d)   The execution, delivery, and performance of this Agreement are within the ISO's powers and do not violate any of the
terms and conditions in its governing documents, any material contracts to which it is a party, or any Law applicable to it. 

        7.1.2    As of the Effective Date, Supplier represents and warrants to ISO as follows: 

        (a)   Supplier is a validly existing entity with full authority to enter into this Agreement. 

        (b)   Supplier, or its affiliate, has or will have the legal authority and physical capability (either on its own behalf or as
Agent for the Supplier of the LRP Resource) to meet all of its obligations under this Agreement. 

        (c)   Supplier has taken all necessary measures to have the execution and delivery of this Agreement authorized, and upon the
execution and delivery of this Agreement, this Agreement shall be a legally binding obligation of Supplier. 

7

 

        (d)   The execution, delivery, and performance of this Agreement are within the Supplier's powers and do not violate any of the
terms and conditions in its governing documents, any material contracts to which it is a party, or any Law applicable to it. 

        (e)   All of the statements made in the Supplier's RFP proposal are accurate in all material respects. 

        (f)    The Supplier's LRP Resource is located in SWCT and satisfies all of the eligibility criteria set forth in the RFP. 

ARTICLE 8

TERM AND TERMINATION  

        8.1    Term.    

        8.1.1    Initial Term. This Agreement shall be effective as of the Effective Date and shall continue in effect through
May 31, 2008 (the "Initial Term"), provided, however, that the applicable provisions of this Agreement shall continue in effect after any
termination to the extent necessary to provide for final billing and payment, and the provisions of Article 9 shall survive termination. 

        8.1.2    Option to Extend. The ISO may extend this Agreement for an additional one-year term (an
"Extension Term") by notice given no later than ninety (90) days prior to expiration of the Initial Term. 

        8.2    Termination.    

        8.2.1    Termination for Default. If (a) any Party shall fail to perform any material obligation imposed on it by this
Agreement and that obligation has not been waived or suspended, or payment has not been adjusted for such failure pursuant to this Agreement or (b) any representation or warranty made by either
Party under this Agreement shall prove to have been incorrect in any material respect, the other Party, at its option, may terminate this Agreement by giving the Party in default written notice
setting out specifically the circumstances constituting the default and declaring its intention to terminate this Agreement. If the Party receiving the notice does not, within ten (10) days
after receiving the notice, remedy the default, the Party not in default shall be entitled by a further written notice to terminate this Agreement. The Party not in default shall have a duty to
mitigate damages. Termination of this Agreement pursuant to this Section 8.2 shall be without prejudice to the right of Supplier or ISO to collect any amounts due to it prior to the time of
termination. No default shall exist where a failure to perform any material obligation is the result of a Force Majeure Event or act or omission of the other Party. 

        8.2.2    Additional ISO Rights of Termination. This Agreement may also be terminated by the ISO in accordance with Sections 6.2
and 10.4. 

        8.3    Effect of Termination or Expiration.    Termination or expiration of this Agreement shall not affect the
accrued rights and obligations of either Party, including either Party's obligations to make all payments to the other Party pursuant to this Agreement. 

8

   ARTICLE 9

REMEDIES  

        9.1    Damages and Other Relief.    

        9.1.1    Liability of ISO. Subject to receipt of payments from the Market Participants of amounts due under this Agreement,
other than for failure to make a payments as provided in Article 4, the ISO shall not be liable to Supplier for actions or omissions by the ISO in performing its obligations under this
Agreement, provided it has not willfully breached this Agreement or engaged in willful misconduct. To the extent Supplier has claims against the ISO, Supplier may only look to the assets of the ISO
for the enforcement of such claims and may not seek to enforce any claims against the directors, members, officers, or employees of the ISO who, Supplier acknowledge and agree, have no personal
liability for obligations of the ISO by reason of their status as directors, members, officers, or employees of the ISO. 

        9.1.2    Liability of Supplier. Except as provided in Sections 2.5 and 8.2, Supplier shall not be liable to the ISO for actions
or omissions by Supplier in performing its obligations under this Agreement, provided that Supplier has not willfully breached this Agreement or engaged in willful misconduct. 

        9.1.3    Limitation of Liability. Except as provided in Section 2.5 and 8.2, in no event shall Supplier be liable to the
ISO or the ISO be liable to Supplier for any incidental, consequential, multiple or punitive damages, loss of revenues or profits, attorneys fees or costs arising out of, or connected in any way with
the performance or non-performance of this Agreement. 

        9.1.4    Indemnification. Supplier shall indemnify, defend and save harmless the ISO and its directors, officers, members,
employees and agents from any and all damages, losses, claims and liabilities by or to third parties arising out of or resulting from the performance by the ISO under this Agreement or the actions or
omissions of Supplier or any Customer in connection with this Agreement or any LRP Resource, except in cases of gross negligence or willful misconduct by the ISO or its directors, officers, members,
employees or agents. 

        9.1.5    Liquidated Damages. The Parties agree that it will be impractical and extremely difficult to determine the actual
damages, which ISO will sustain in the event Supplier fails to make the LRP Resource available pursuant to Section 2.5. Accordingly, the Parties acknowledge and agree that the ISO shall be
entitled, in addition to any other available remedies, to liquidated damages set forth in Section 2.5 as a reasonable pre-estimate of the probable losses and damages to be sustained
by the ISO in such circumstances. Such liquidated damages, although inadequate to compensate the ISO, are intended to constitute compensatory damages. 

ARTICLE 10

MISCELLANEOUS PROVISIONS  

        10.1    Assignment.    

        10.1.1    Neither of the Parties shall assign its rights or delegate its duties under this Agreement without the prior written
consent of the other Party, which consent shall not be unreasonably withheld, conditioned, or delayed. Any such assignment or delegation made without such written consent shall be null and void. Upon
any assignment made in compliance with this Section 10.1, this Agreement shall inure to and be binding upon the successors and assigns for the assigning Parties. 

        10.1.2    Notwithstanding Section 10.1.1, each Party may, without the need for consent from the other Party (and without
relieving itself from liability hereunder), transfer or assign this Agreement: (i) to an Affiliate, or (ii) after the Service Date, where such transfer is incidental to a merger or
consolidation with, or transfer of all, or substantially all, of the assets of the transferor 

9

 

to
another person, business entity, or political subdivision or public corporation created under the Laws governing the creation and existence of the transferor which shall as a part of such
succession assume all of the obligations of the assignor or transferor under this Agreement. Any Party may collaterally assign its rights in this Agreement to its lenders without the need for consent
from the other Party. 

        10.2    Notices.    Except as otherwise expressly provided in this Agreement or required by Law, all notices,
consents, requests, demands, approvals, authorizations and other communications provided for in this Agreement shall be in writing and shall be sent by personal delivery, certified mail, return
receipt requested, facsimile transmission, or by recognized overnight courier service, to the intended Party at such Party's address set forth below. All such notices shall be deemed to have been duly
given and to have become effective: (a) upon receipt if delivered in person or by facsimile; (b) two days after having been delivered to an air courier for overnight delivery; or
(c) seven days after having been deposited in the United States mail as certified or registered mail, return receipt requested, all fees pre-paid, addressed to the applicable
addresses set forth below. Each Party's address for
notices shall be as follows (subject to change by notice in accordance with the provisions of this Section 10.2): 

	SUPPLIER:
	 	ISO:

	NOTICES & CORRESPONDENCE	 	NOTICES & CORRESPONDENCE
	
David B. Brewster

President & COO

EnerNOC, Inc.

One Faneuil Hall, 3rd Floor

Boston, MA 02109

Telephone: (617) 224-9902

Fax: (617) 224-9910	
 	

Kevin A. Kirby

VP Market Operations

ISO New England

One Sullivan Road

Holyoke, MA 01040

Telephone (413) 540-4490

Fax: (413) 535-4156
	

 	
 	

Kathleen A. Carrigan, Sr. VP, General Counsel

and Corporate Secretary

ISO New England

One Sullivan Road

Holyoke, MA 01040

Telephone (413) 540-4260

Fax: (413) 535-4379

Each
Party shall provide notice of any change in the above notice provisions to the other Party. 

        10.3    Party Representatives.    All Parties to this Agreement shall ensure that throughout the term of this
Agreement, duly appointed representatives are available for communications between the Parties. The representatives shall have full authority to deal with all day-to-day
matters arising under this Agreement. Acts and omissions of representatives shall be deemed to be acts and omissions of the Party. Supplier and ISO shall be entitled to assume that the representatives
of the other Party are at all times acting within the limits of the authority given by the representative's Party. Representatives for each Party shall be identified in Schedule II. The Parties
may at any time replace their representatives by giving notice to the other Party. 

        10.4    Effect of Invalidation, Modification, or Condition.    Each covenant, condition, restriction, and other term
of this Agreement is intended to be, and shall be construed as, independent and severable from each other covenant, condition, restriction, and other term. If any covenant, condition, restriction, or
other term of this Agreement is held to be invalid or otherwise modified or conditioned by any Governmental Authority, the invalidity, modification, or condition of such covenant, condition,
restriction, or other term shall not affect the validity of the remaining covenants, conditions, restrictions, or other terms hereof. If an invalidity, modification, or condition has a material impact
on 

10

 

the
rights and obligations of the Parties, the Parties shall make a good faith effort to renegotiate and restore the benefits and burdens of this Agreement as they existed prior to the determination
of the invalidity, modification, or condition. If the Parties fail to reach agreement, then the Party whose rights and obligations have been adversely affected may, in its sole discretion, terminate
this Agreement. 

        10.5    Amendments.    Any amendments or modifications of this Agreement shall be made only in writing and duly
executed by all Parties to this Agreement. Such amendments or modifications shall become effective only after the Parties have received any authorizations required under applicable Laws. 

        10.6    Governing Law.    This Agreement shall be governed by and construed under the Laws of the State of Delaware
without regard to conflicts of laws principles. 

        10.7    Entire Agreement.    This Agreement consists of the terms and conditions set forth herein, as well as the
Appendices hereto, which are incorporated by reference herein and made a part hereof. This Agreement contains the entire agreement between the Parties and supersedes all prior negotiations,
undertakings, agreements and business term sheets related to the subject matter hereof. 

        10.8    Independent Contractors.    Supplier and ISO acknowledge that as between Supplier and the ISO there is an
independent contractor relationship, and that nothing in this Agreement shall create any joint venture, partnership, or principal/agent relationship between the Parties. Except as otherwise provided
herein, neither Supplier nor ISO shall have any right, power, or authority to enter into any agreement or commitment, act on behalf of, or otherwise bind the other Party in any way. 

        10.9    Counterparts.    This Agreement may be executed in one or more counterparts each of which shall be deemed an
original and all of which shall be deemed one and the same Agreement. 

        10.10    Confidentiality.    Confidential information acquired by either Party pursuant to this agreement shall be
governed by the NEPOOL Information Policy. 

        10.11    Beneficiaries.    Nothing in this Agreement, whether express or implied, confers any rights or remedies
under, or by reason of, this Agreement on any persons other than the Parties and their respective successors and assigns, nor is anything in this Agreement intended to relieve or discharge the
obligations or liability of any third party, nor give any third person any rights of subrogation or action against any Party. 

        10.12    Waiver.    The failure to exercise any remedy or to enforce any right provided in this Agreement or
applicable Law shall not constitute a waiver of such remedy or right or of any other remedy or right. A Party shall be considered to have waived any remedies or rights only if the waiver is in
writing. 

11

 

        IN WITNESS WHEREOF, this Agreement has been executed as of the date first above written. 

	 	 	EnerNOC, Inc.
	

 	
 	

By:	

/s/  TIMOTHY HEALY      

	 	 	Name: Timothy Healy

Title: Chief Executive Officer
	

 	
 	
ISO NEW ENGLAND INC.
	

 	
 	

By:	

/s/  KEVIN A. KIRBY      

	 	 	Name: Kevin A. Kirby

Title: VP Market Operations

12

 
SCHEDULE I  

Initial Term  

        The Initial Term of this Agreement shall be the Effective Date through May 31, 2008. 

        This
Agreement may be extended for an additional one year term, ending May 31, 2009 

13

 
SCHEDULE II  

Parties' Representatives  

        Subject to a revision made pursuant to Section 10.3, and for the purposes of this Agreement, the individuals listed below will be deemed duly authorized
representatives of the respective Parties. 

	 	ISO New England Inc.
	

 	

Kevin A. Kirby
	

 	

 
	

 	

EnerNOC, Inc.
	

 	

Timothy Healy, Chief Executive Officer
	

 	

David Brewster, President and Chief Operating Officer
	

 	

Phil Giudice, Managing Director

14

   SCHEDULE III  

SWCT Cities and Towns  

	Preferred Towns	 	12.	 	Hamden
	

1.	
 	

Bridgeport	
 	

13.	
 	

Meriden
	

2.	
 	

Darien	
 	

14.	
 	

Middlebury
	

3.	
 	

Easton	
 	

15.	
 	

Milford
	

4.	
 	

Fairfield	
 	

16.	
 	

Monroe
	

5.	
 	

Greenwich	
 	

17.	
 	

Naugatuck
	

6.	
 	

New Canaan	
 	

18.	
 	

New Fairfield
	

7.	
 	

Norwalk	
 	

19.	
 	

New Haven
	

8.	
 	

Redding	
 	

20.	
 	

New Milford
	

9.	
 	

Ridgefield	
 	

21.	
 	

Newtown
	

10.	
 	

Shelton	
 	

22.	
 	

North Branford
	

11.	
 	

Stamford	
 	

23.	
 	

North Haven
	

12.	
 	

Stratford	
 	

24.	
 	

Orange
	

13.	
 	

Trumbull	
 	

25.	
 	

Oxford
	

14.	
 	

Weston	
 	

26.	
 	

Prospect
	

15.	
 	

Westport	
 	

27.	
 	

Roxbury
	

16.	
 	

Wilton	
 	

28.	
 	

Seymour
	

 	
 	

 	
 	

29.	
 	

Sherman
	

Other Towns in SWCT	
 	

30.	
 	

Southbury
	

1.	
 	

Ansonia	
 	

31.	
 	

Southington
	

2.	
 	

Beacon Falls	
 	

32.	
 	

Wallingford
	

3.	
 	

Bethany	
 	

33.	
 	

Waterbury
	

4.	
 	

Bethel	
 	

34.	
 	

Watertown
	

5.	
 	

Branford	
 	

35.	
 	

West Haven
	

6.	
 	

Bridgewater	
 	

36.	
 	

Wolcott
	

7.	
 	

Brookfield	
 	

37.	
 	

Woodbridge
	

8.	
 	

Cheshire	
 	

38.	
 	

Woodbury
	

9.	
 	

Danbury	
 	

 	
 	

 
	

10.	
 	

Derby	
 	

 	
 	

 
	

11.	
 	

East Haven	
 	

 	
 	

 

15

 
SCHEDULE IV  

Proposed Service Dates, Committed Capacity Amount

and Contract ICAP Price  

Proposed Service Date  

The
Proposed Service Date is June 1, 2004 for 3.0 MW. 

The
Proposed Service Date is June 1, 2005 for 15.0 MW. 

The
Proposed Service Date is June 1, 2006 for 25.0 MW. 

The
Proposed Service Date is June 1, 2007 for 30.0 MW. 

16

 
Committed Capacity Amount and Contract ICAP Price

LRP Resources in 16 "Preferred Towns" in SWCT  

	Year 2004
 
	 	Jan.
	 	Feb.
	 	Mar.
	 	Apr.
	 	May
	 	June
	 	July
	 	Aug.
	 	Sept.
	 	Oct.
	 	Nov.
	 	Dec.

	Committed Capacity (MW)	 	 	 	 	 	 	 	 	 	 	 	1.4	 	1.4	 	1.4	 	1.4	 	1.4	 	1.4	 	3.7
	Contract ICAP Price $/MW-mo.	 	 	 	 	 	 	 	 	 	 	 	***	 	***	 	***	 	***	 	***	 	***	 	***

	
Year 2005
 
	
 	

Jan.
	
 	

Feb.
	
 	

Mar.
	
 	

Apr.
	
 	

May
	
 	

June
	
 	

July
	
 	

Aug.
	
 	

Sept.
	
 	

Oct.
	
 	

Nov.
	
 	

Dec.

	Committed Capacity (MW)	 	3.7	 	3.7	 	3.7	 	3.7	 	3.7	 	7.0	 	7.0	 	7.0	 	7.0	 	7.0	 	7.0	 	9.8
	Contract ICAP Price $/MW-mo.	 	***	 	***	 	***	 	***	 	***	 	***	 	***	 	***	 	***	 	***	 	***	 	***

	
Year 2006
 
	
 	

Jan.
	
 	

Feb.
	
 	

Mar.
	
 	

Apr.
	
 	

May
	
 	

June
	
 	

July
	
 	

Aug.
	
 	

Sept.
	
 	

Oct.
	
 	

Nov.
	
 	

Dec.

	Committed Capacity (MW)	 	9.8	 	9.8	 	9.8	 	9.8	 	9.8	 	11.7	 	11.7	 	11.7	 	11.7	 	11.7	 	11.7	 	13.1
	Contract ICAP Price $/MW-mo.	 	***	 	***	 	***	 	***	 	***	 	***	 	***	 	***	 	***	 	***	 	***	 	***

	
Year 2007
 
	
 	

Jan.
	
 	

Feb.
	
 	

Mar.
	
 	

Apr.
	
 	

May
	
 	

June
	
 	

July
	
 	

Aug.
	
 	

Sept.
	
 	

Oct.
	
 	

Nov.
	
 	

Dec.

	Committed Capacity (MW)	 	13.1	 	13.1	 	13.1	 	13.1	 	13.1	 	14.0	 	14.0	 	14.0	 	14.0	 	14.0	 	14.0	 	14.0
	Contract ICAP Price $/MW-mo.	 	***	 	***	 	***	 	***	 	***	 	***	 	***	 	***	 	***	 	***	 	***	 	***

	
Year 2008
 
	
 	

Jan.
	
 	

Feb.
	
 	

Mar.
	
 	

Apr.
	
 	

May
	
 	

June
	
 	

July
	
 	

Aug.
	
 	

Sept.
	
 	

Oct.
	
 	

Nov.
	
 	

Dec.

	Committed Capacity (MW)	 	14.0	 	14.0	 	14.0	 	14.0	 	14.0	 	14.0	 	14.0	 	14.0	 	14.0	 	14.0	 	14.0	 	14.0
	Contract ICAP Price $/MW-mo.	 	***	 	***	 	***	 	***	 	***	 	***	 	***	 	***	 	***	 	***	 	***	 	***

	
Year 2009
 
	
 	

Jan.
	
 	

Feb.
	
 	

Mar.
	
 	

Apr.
	
 	

May
	
 	

June
	
 	

July
	
 	

Aug.
	
 	

Sept.
	
 	

Oct.
	
 	

Nov.
	
 	

Dec.

	Committed Capacity (MW)	 	14.0	 	14.0	 	14.0	 	14.0	 	14.0	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Contract ICAP Price $/MW-mo.	 	***	 	***	 	***	 	***	 	***	 	 	 	 	 	 	 	 	 	 	 	 	 	 

17

 
Committed Capacity Amount and Contract ICAP Price

LRP Resources in 38 "Other Towns" in SWCT  

	Year 2004
 
	 	Jan.
	 	Feb.
	 	Mar.
	 	Apr.
	 	May
	 	June
	 	July
	 	Aug.
	 	Sept.
	 	Oct.
	 	Nov.
	 	Dec.

	Committed Capacity (MW)	 	 	 	 	 	 	 	 	 	 	 	1.6	 	1.6	 	1.6	 	1.6	 	1.6	 	1.6	 	4.3
	Contract ICAP Price $/MW-mo.	 	 	 	 	 	 	 	 	 	 	 	***	 	***	 	***	 	***	 	***	 	***	 	***

	
Year 2005
 
	
 	

Jan.
	
 	

Feb.
	
 	

Mar.
	
 	

Apr.
	
 	

May
	
 	

June
	
 	

July
	
 	

Aug.
	
 	

Sept.
	
 	

Oct.
	
 	

Nov.
	
 	

Dec.

	Committed Capacity (MW)	 	4.3	 	4.3	 	4.3	 	4.3	 	4.3	 	8.0	 	8.0	 	8.0	 	8.0	 	8.0	 	8.0	 	11.2
	Contract ICAP Price $/MW-mo.	 	***	 	***	 	***	 	***	 	***	 	***	 	***	 	***	 	***	 	***	 	***	 	***

	
Year 2006
 
	
 	

Jan.
	
 	

Feb.
	
 	

Mar.
	
 	

Apr.
	
 	

May
	
 	

June
	
 	

July
	
 	

Aug.
	
 	

Sept.
	
 	

Oct.
	
 	

Nov.
	
 	

Dec.

	Committed Capacity (MW)	 	11.2	 	11.2	 	11.2	 	11.2	 	11.2	 	13.3	 	13.3	 	13.3	 	13.3	 	13.3	 	13.3	 	14.9
	Contract ICAP Price $/MW-mo.	 	***	 	***	 	***	 	***	 	***	 	***	 	***	 	***	 	***	 	***	 	***	 	***

	
Year 2007
 
	
 	

Jan.
	
 	

Feb.
	
 	

Mar.
	
 	

Apr.
	
 	

May
	
 	

June
	
 	

July
	
 	

Aug.
	
 	

Sept.
	
 	

Oct.
	
 	

Nov.
	
 	

Dec.

	Committed Capacity (MW)	 	14.9	 	14.9	 	14.9	 	14.9	 	14.9	 	16.0	 	16.0	 	16.0	 	16.0	 	16.0	 	16.0	 	16.0
	Contract ICAP Price $/MW-mo.	 	***	 	***	 	***	 	***	 	***	 	***	 	***	 	***	 	***	 	***	 	***	 	***

	
Year 2008
 
	
 	

Jan.
	
 	

Feb.
	
 	

Mar.
	
 	

Apr.
	
 	

May
	
 	

June
	
 	

July
	
 	

Aug.
	
 	

Sept.
	
 	

Oct.
	
 	

Nov.
	
 	

Dec.

	Committed Capacity (MW)	 	16.0	 	16.0	 	16.0	 	16.0	 	16.0	 	16.0	 	16.0	 	16.0	 	16.0	 	16.0	 	16.0	 	16.0
	Contract ICAP Price $/MW-mo.	 	***	 	***	 	***	 	***	 	***	 	***	 	***	 	***	 	***	 	***	 	***	 	***

	
Year 2009
 
	
 	

Jan.
	
 	

Feb.
	
 	

Mar.
	
 	

Apr.
	
 	

May
	
 	

June
	
 	

July
	
 	

Aug.
	
 	

Sept.
	
 	

Oct.
	
 	

Nov.
	
 	

Dec.

	Committed Capacity (MW)	 	16.0	 	16.0	 	16.0	 	16.0	 	16.0	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Contract ICAP Price $/MW-mo.	 	***	 	***	 	***	 	***	 	***	 	 	 	 	 	 	 	 	 	 	 	 	 	 

18

 
SCHEDULE V  

Form NX-11C  

[Supplier should provide LRP Resource information through an NX-11-C Form. Suppliers may contact Henry Yoshimura at
(413) 540-4460 for assistance with filling the NX-11C Form.]

[Attach blank NX-11C Form]

Note:
An NX-12 is required for emergency generation on 5 MW or greater. If there are any questions regarding the need to include an NX-12, please contact David Cavanaugh at
(413) 540-4237. 

19

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