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01/13/2009 10:05 AM     print story email story  

Army Announces Efficiency Contracts Worth $900M News

The U.S. Army Corps of Engineers recently announced 16 contracts for energy conservation measures that could be worth up to $900 million.

The contracts, similar to those announced last month by the Department of Energy, are third-party financing tools to help government facilities achieve mandated energy reduction goals. They have been awarded under the Energy Savings Performance Contracts program to the following 14 large businesses:

  • Ameresco, Inc.
  • The Benham Companies, LLC
  • Burns and McDonnell
  • Chevron Energy Solutions Company (NYSE: CVX)
  • Consolidated Edison Solutions, Inc. (NYSE: ED)
  • Constellation Energy Projects and Services Group, Inc.(NYSE: CEG)
  • DMJM-Harris-AECOM
  • FPL Energy Services, Inc. (NYSE: FPL)
  • Honeywell, Inc. (NYSE: HON)
  • Johnson Controls Government Systems LLC (NYSE: JCI)
  • Noresco, LLC
  • Pepco Energy Services, Inc. (NYSE: POM)
  • Siemens Government Services, Inc. (NYSE: SI)
  • Trane U.S. Inc.

Two small businesses have also been selected: CLT Efficient Technologies Group and SEI Group, Inc.

Under the program, a contractor provides capital and expertise to make energy improvements on government facilities and maintains them in exchange for a portion of the generated savings.

The U.S. Army Corps of Engineers Huntsville Center will run the program to increase energy efficiency, reduce dependence on fossil fuels, conserve water resources and improve energy
security in support of the Department of Defense.

The contracts have a five-year base ordering period and one optional five-year ordering period with a possible payback period of up to 25 years from the time of award.

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