Nevada signs energy-saving contract

subscribe

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

GE darlington worker

Canadian nuclear projects bring economic benefits

TORONTO - The 13-year Major Component Replacement (MCR) project being undertaken as part of Bruce Power's life-extension programme will inject billions of dollars into Ontario's economy, a new report has found. Meanwhile, the major project to refurbish Darlington unit 2 remains on track for completion in 2020, Ontario Power Generation (OPG) has announced.

The Ontario Chamber of Commerce (OCC) said its report, Major Component Replacement Project Economic Impact Analysis, outlines an impartial assessment of the MCR programme. The report was commissioned by Bruce Power.

"Our analysis shows that Bruce Power's MCR project is a fundamental contributor to the Ontario economy. More broadly, the…

READ MORE
ontario hydrogen

Ontario Ministry of Energy proposes growing hydrogen economy through reduced electricity rates

READ MORE

iraq nuclear plant

Iraq plans nuclear power plants to tackle electricity shortage

READ MORE

sdg&e

As peak wildfire season nears, SDG&E completes work on microgrid in Ramona

READ MORE

grounding and bonding nec 250

Grounding and Bonding and The NEC - Section 250

READ MORE