This fourth phase will produce $34.9 million in energy infrastructure improvements for 103 school facilities, generating approximately $3.4 million in energy savings per year.
Pepco Energy Services, Inc., (“Pepco Energy”) a subsidiary of Pepco Holdings, Inc. (NYSE: POM) and a leader in energy savings performance contracting, is currently implementing the final phase of its $77 million energy savings performance contract for Prince George’s County Public Schools, which was first awarded in 2007. This fourth phase will produce $34.9 million in energy infrastructure improvements for 103 school facilities, generating approximately $3.4 million in energy savings per year.
“Prince George’s County Public Schools is proud to have developed this project with Pepco Energy, and we are excited to mark the implementation of the final phase of the project,” said Dr. William R. Hite, Jr., Superintendent of Schools. “We look forward to many years of providing an energy-efficient environment for our students and employees.”
This final project phase will continue to allow Pepco Energy to help provide Prince George’s County Public Schools with greater cost and energy savings through lighting upgrades, building automation controls systems and integrated energy management solutions, which will result in a better learning and work environment for students and employees.
Additional energy conservation measures include the installation of energy-efficient heating and cooling systems, steam trap replacements, energy-efficient transformers, domestic hot water systems and a photovoltaic solar project.
The overall project, including the fourth phase, will increase the school system’s energy savings to approximately $6.4 million each year, as well as reduce total energy and water usage by approximately 20 percent and 30 percent each year, respectively.
“Pepco Energy is pleased to continue our partnership with Prince George’s County Public Schools,” said John Huffman, President and Chief Executive Officer of Pepco Energy. “This additional project phase reaffirms their commitment to energy-efficient, green practices and establishes the school system as a leading example of environmental stewardship.”
This fourth phase will reduce annual emissions by close to 14,800 metric tons, increasing the school system’s total emissions reductions to nearly 20,300 metric tons per year.
The overall project will be completed in 2012.
For information on how Pepco Energy can provide similar services to your school system, please contact Patrick Sweeney at email@example.com or (703) 253-1740, or visit the Pepco Energy Web site www.pepcoenergy.com for a complete list of services.
About Pepco Energy Services, Inc.
Pepco Energy Services, Inc. (Pepco Energy), a wholly owned subsidiary of Pepco Holdings, Inc. (NYSE: POM), provides commercial, institutional, government and industrial customers with competitive energy efficiency services, including renewable energy and combined heat and power.
Pepco Energy is not the same company as Potomac Electric Power Company (Pepco), the regulated utility; the prices and services of Pepco Energy are not set by the Public Service Commission; and you are not required to buy energy or other products and services from Pepco Energy in order to receive the same quality service from Pepco.
Information contained in this news release may include forward-looking statements, which should be considered in light of the risks inherent in the business of Pepco Holdings, Inc. and its subsidiaries, as discussed in public documents filed with the Securities and Exchange Commission.