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

The City of Vancouver is hosting an ABB FIA Formula E World Championship race next year, organizers have announced
VANCOUVER - The City of Vancouver is hosting an ABB FIA Formula E World Championship race next year, organizers have announced.
The all-electric race is being held in the city's False Creek neighbourhood over the 2022 July long weekend, according to promoter OSS Group Inc.
Earlier this year, Vancouver city council voted unanimously in support of a multi-day Formula E event that would include a conference on climate change and sustainability.
"Formula E is a win on so many levels, from being a net-zero event that supports sustainable transportation to being a huge boost for our hard-hit tourism sector, our residents and our…