Nevada signs energy-saving contract

NEVADA - Nevada has contracted with a Dallas-based firm that finds ways to cut utility bills and save its clients millions of dollars — for an average 30 percent cut of the savings.

Members of the state Board of Examiners, chaired by Gov. Jim Gibbons, voted to sign a contract for up to $10 million with LPB Energy Consulting, headed by Matthew Berke. The contract runs through August 2012.

State Treasurer Kate Marshall presented the plan to the board, saying there are no up-front costs or long-term liabilities for the state. LPB's fee is based on actual energy cost savings — and without savings there is no fee.

Berke said LPB has similar contracts in several states, including Texas, Massachusetts, Utah, Mississippi and Maine. In Nevada, all state agencies plus the university and court systems, Legislative Counsel Bureau and political subdivisions can try the LPB service.

LPB centralizes data on utility bills and generates reports that pinpoint ways of cutting energy costs. Berke said the state could wind up saving several million dollars on utility costs over the term of the contract.

Related News

Brand New Renewable Technology Harnesses Electricity From The Cold, Dark Night

LOS ANGELES - Two years ago, one freezing December night on a California rooftop, a tiny light shone weakly with a little help from the freezing night air. It wasn't a very bright glow. But it was enough to demonstrate the possibility of generating renewable power after the Sun goes down.

Working with Stanford University engineers Wei Li and Shanhui Fan, University of California Los Angeles materials scientist Aaswath Raman put together a device that produces a voltage by channelling the day's residual warmth into cooling air.

"Our work highlights the many remaining opportunities for energy by taking advantage of the cold…

READ MORE
new daimler electric vehicles

Daimler Details Gigantic Scope of Its Electrification Plan

READ MORE

solar panels

Solar power growth, jobs decline during pandemic

READ MORE

apartment lights

America’s Electricity is Safe From the Coronavirus—for Now

READ MORE

Report: Solar ITC Extension Would Be ‘Devastating’ for US Wind Market

READ MORE