It feels as though almost anything related to the U.S. electricity market never manages to work out quite as well as hoped or advertised. Independent power producers like Calpine (NYSE:CPN) have had their struggles, as have metering technology companies like Itron (NASDAQ:ITRI), and the complex interplay of regulation (environmental and otherwise), utility business models, energy demand, and other factors has made for a pretty challenging operating environment.
So too for EnerNOC (NASDAQ:ENOC). On one level, what EnerNOC does should be pretty simple. Utilities don't really want to build new plants, nor do they want to use expensive peaking plants any more than necessary, and there's more "slack" in power demand than commonly realized. As...
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