Pepco Energy saves Feds $46 million
ARLINGTON, VIRGINIA - Pepco Energy Services, a subsidiary of Pepco Holdings, Inc. and a leader in energy and energy-related services, announced that it has saved numerous federal agencies nearly $46 million in electricity costs in the Washington, D.C. area over the last 18 months, under a U.S. General Services Administration (GSA) contract.
Between December 2006 and May 2008, the GSA-DC portfolio used approximately 2.5 billion kWh. During that time, the GSA portfolio saved $45.75 million versus the applicable standard offer service rates.
Based on the current standard offer service rates, Pepco Energy Services estimates that the GSA portfolio will save approximately $39 million annually for a total savings of $58.5 million between June 2008 and December 2009.
The Washington, D.C. contract, which began in December 2006 and extends for 36 months, calls for Pepco Energy Services to provide power to such national landmarks as the U.S. Capitol, the Smithsonian Institution, the National Gallery of Art and the Kennedy Center, as well as the U.S. Departments of Agriculture, Commerce, Energy, Interior, Justice, Labor, State, Transportation and the Treasury. Nine and one-half percent of the total electricity purchase includes attributes from renewable resources.
Pepco Energy Services also supplies electricity to several government agencies in New York and Chicago, including GSA, the Social Security Administration, the Railroad Retirement Board, the Bureau of Prisons and the Edward Hines, Jr. Veterans Affairs Hospital.
"Pepco Energy Services is extremely pleased to have been able to assist the GSA-DC portfolio in saving nearly $46 million in electricity costs over the past 18 months and looks forward to more than doubling its savings over the next 18 months," said John Huffman, President and Chief Operating Officer of Pepco Energy Services.
Related News
'Net Zero' Emissions Targets Not Possible Without Multiple New Nuclear Power Stations, Say Industry Leaders
LONDON - Leading nuclear industry figures will today call for a major programme of new power stations to hit ambitious emissions reduction targets.
The 19th Nuclear Industry Association annual conference in London will highlight the need for a proven, dependable source of low carbon electricity generation alongside growth in weather-dependent solar and wind power.
Without this, they argue, the country risks embedding a major reliance on carbon-emitting gas fired power stations for generations to come.
Annual public opinion polling released today to coincide with the conference revealed 75% of the population want the UK Government to take more action to reduce CO2 emissions.
The…