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Missouri Schools Transform Energy Dollars Into Education Dollars
March 12, 2013
CON EDISON SOLUTIONS HELPS EIGHT DISTRICTS SAVE NEARLY 1.3 MILLION IN ENERGY COSTS ANNUALLY
Overland Park, KS – March 12, 2013: ConEdison Solutions, one of America’s largest energy services companies, is helping to enrich the lives of thousands of Missouri schoolchildren by enabling school districts to redirect millions of dollars from energy spending into educational services.
The company is now delivering almost $1.3 million total in guaranteed, annual energy savings for eight Missouri school districts that have launched aggressive conservation initiatives.
"Missouri schoolchildren are the winners when districts save money on energy,” said Jorge Lopez, CEO of ConEdison Solutions. “School districts can improve their facilities, enhance the learning environment, use less energy, benefit the environment and save money, all without burdening their capital budgets.”
Projects are funded through an energy services performance contract (ESPC), under which districts implement energy improvements with little or no up-front cost. Under an ESPC, energy services companies like ConEdison Solutions guarantee future energy savings to be generated by the improvements. This enables school districts to fund improvements based on these anticipated savings. In essence, funds already budgeted for energy bills are instead applied toward efficiency-related improvements.
The Missouri school district benefiting most from its energy initiative through ConEdison Solutions is the Springfield Public School District, which saves $330,000 per year in reduced energy costs. The Harrisonville Cass R-IX School District in Harrisonville generates over $240,000 in annual savings.
Other Missouri school districts completing projects with ConEdison Solutions include the Columbia Public School District, the Maries County School District, the Park Hill School District, the Raymore-Peculiar School District, the Sikeston R-6 School District and the Smithville R-II School District.
ConEdison Solutions’ overall educational client base encompasses scores of school districts in multiple states.
The company's multi-faceted, cost-effective ESPC program helps school districts replace old, inefficient, high-maintenance equipment with new energy-efficient equipment, all with no capital outlay or budget overruns. ConEdison Solutions performs an initial energy assessment to determine the potential energy savings that can be achieved as a result of installing new energy-efficient equipment, including heating, cooling, ventilation, building controls, lighting and motors. The company also examines and evaluates building envelopes, including windows and roofs as well as evaluating whether renewable sources like solar could be applied.
With savings guaranteed, energy efficiency renovations can reduce energy and water costs by up to 30 percent annually, while enhancing the health of occupants, improving student performance and boosting the school district's commitment to the environment.
“When school districts act to save energy, they are bolstering their commitment to students, teachers, parents and staff,” said Mr. Lopez. “We are proud to be working in partnership with Missouri education leaders to improve the classroom experience of thousands of the state’s young people.”
About ConEdison Solutions
ConEdison Solutions is a leading energy services company that provides competitive power supply, renewable energy, sustainability services, and cost-effective energy solutions for commercial, industrial, residential, and government customers. The company is based in Valhalla, New York, with offices in Burlington, Massachusetts; Cherry Hill, New Jersey; Chicago, Illinois; Falls Church, Virginia; Houston, Texas; Tampa, Florida; and Overland Park, Kansas. The firm’s dedicated team of energy professionals delivers a broad range of commodity, consulting, demand-side management and performance contracting services. ConEdison Solutions offers programs and services designed to help customers achieve their individual energy objectives and is accredited as an Energy Services Provider (ESP) by NAESCO.
ConEdison Solutions is a subsidiary and registered trademark of Consolidated Edison, Inc. (NYSE: ED). More information can be obtained by calling 1-888-210-8899 or visiting the ConEdison Solutions website at www.conedsolutions.com. You can also visit the Consolidated Edison, Inc. website at http://investor.conedison.com for information on all of the Consolidated Edison companies.
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