Pepco Energy Services Chosen by Prince William County, Virginia, Public Schools to Implement Energy Savings Performance Contract
ARLINGTON, Va., Sept. 8 /PRNewswire/ -- Pepco Energy Services, a subsidiary of Pepco Holdings, Inc. (NYSE: POM) and a leader in energy savings performance contracting, has been chosen by Prince William County, Virginia, Public Schools to implement a comprehensive energy savings performance contract project for the C.D. Hylton Senior High School.
The $2.4 million contract calls on Pepco Energy Services to provide significant energy conservation measures for the high school, including lighting upgrades, water conservation, controls optimization, variable frequency drive installations, and boiler and chiller replacements.
The project also includes the installation of a 16 kW photovoltaic solar system, which will harvest an estimated 21,750 kWh of electricity annually. The system will be monitored via a Web-based data logging and reporting program with daily, weekly, monthly and year to date performance data collected and displayed for use by the school's faculty and students.
"We are pleased to be able to leverage the Qualified School Construction Bonds as part of the federal stimulus funding to improve the energy efficiency and quality of our school facilities," said Randy Dasher, Director of Facilities Services for Prince William County Public Schools.
Over the 10-year contract term, Prince William County Public Schools will save more than $2.6 million and will reduce energy and water costs by at least 27 percent. Construction is currently underway and is scheduled to be completed in April 2011.
"Pepco Energy Services is excited to help the Prince William County Public Schools system provide students with a more energy-efficient academic environment," said John Huffman, President and Chief Executive Officer of Pepco Energy Services. "This project will not only significantly reduce energy costs and consumption; it will also have a considerable and positive impact on the environment."
As a result of the project's energy infrastructure improvements, the high school will see reductions its annual carbon dioxide emissions by 2.7 million pounds.
About Pepco Energy Services
Pepco Energy Services, Inc., 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. Visit www.pepcoenergy.com for more information.
Pepco Energy Services, Inc. is not the same company as Potomac Electric Power Company, and prices and services of Pepco Energy Services, Inc. are not set by the Public Service Commission.
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.
SOURCE Pepco Energy Services, Inc.
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