NORCROSS, Ga., Sept. 27, 2011 (GLOBE NEWSWIRE) -- Comverge, Inc. (Nasdaq:COMV), the leading provider of Intelligent Energy Management solutions for Residential and Commercial + Industrial (C+I) customers, announced an amicable settlement related to litigation with Louisville Gas and Electric Company (LG&E) and Kentucky Utilities Company (KU), with no material impact to Comverge's financials, under terms that are confidential.
"We are happy to have resolved this matter, and look forward to the prospect of working together again in the future," said Steve Moffitt, Chief Operating Officer, Comverge, and David Huff, Director – Customer Energy Efficiency and Smart Grid Strategy, LG&E and KU.
About Comverge
With more than 500 utility and 2,100 commercial customers, as well as five million residential deployments, Comverge brings unparalleled industry knowledge and experience to offer the most reliable, easy-to-use, and cost-effective intelligent energy management programs. We deliver the insight and control that enables energy providers and consumers to optimize their power usage through the industry's only proven, comprehensive set of technology, services and information management solutions. For more information, visit www.comverge.com.