The agreement provides that Morgan Stanley will schedule the energy from GreyStone’s resources or provide power from the market.
The agreement will allow GreyStone to adapt to changing legal, public policy and regulatory requirements, and to purchase renewable and alternative energy and implement demand response, net metering and other new technologies.
Gary Miller, president and CEO of GreyStone, said: “We selected Morgan Stanley after an extensive and competitive procurement process in which we sought the best combination of price and contract terms.
“We were pleased with Morgan Stanley’s willingness to work with us and believe we have obtained a well priced agreement for GreyStone’s members that also provides flexibility to adapt to changing circumstances in the future.”
Morgan Stanley Capital Group is engaged in wholesale sales and purchases of electricity throughout the US.
