Onsite Energy Corporation and Southern California Edison Sign Contract to Fund Development of Energy Monitoring & Targeting Projects
PR Newswire "US Press Releases "
CARLSBAD, Calif., Oct. 12 /PRNewswire-FirstCall/ -- Onsite Energy Corporation ("Onsite") (OTC: ONSE) announced today that it has launched the 2006 - 2008 Industrial Energy Efficiency Program, M&T Program ("Program"). The Program's focus is to develop and provide funding for energy efficiency projects focused on the implementation of energy monitoring and targeting systems in major industrial energy users throughout the Southern California Edison ("SCE") service territory. The Program is funded by a contract with SCE that commenced on March 22, 2006. The contract is valued at $3,475,000, and provides funding to market, install and implement energy information systems designed to greatly enhance the energy user's ability track and control facility energy costs. These information systems are called Energy M&T Systems.
Under the terms of the 3-year contract, Onsite will have the responsibility to 1) market the M&T concept, 2) perform scoping studies or operational assessments to determine cost/benefit, 3) implement the M&T system and process in the user's facility and, 3) use the M&T system to evaluate and verify savings.
"The purpose of this program is enable large energy users to measure the energy component in each step of their production processes. In this way they can work to achieve best practices for maximizing the energy efficiency throughout their facility," explained Richard T. Sperberg, President of Onsite. "We believe the M&T methodology will help them keep their production costs under control. Our program will also help the State of California meet its aggressive energy efficiency goals."
Funding is available on a first-come-first-served basis. Onsite will begin the Program marketing and development phase immediately. California consumers are not obligated to purchase any full fee service or other service not funded by this Program. This Program is funded by California utility ratepayers under the auspices of the California Public Utilities Commission. Onsite does not state or imply to third parties that SCE has endorsed or approved Onsite or its work.
Onsite Energy Corporation is a comprehensive energy service company with primary emphasis in California. Onsite assists its customers in reducing electricity and fuel costs by developing, designing, constructing, owning and operating efficient, environmentally sound energy projects. It is Onsite's mission to help customers save money through independent energy solutions.
Safe Harbor Statement
Cautionary Statement for Purposes of the "Safe Harbor" Provisions of the Private Securities Litigation Reform Act of 1995: All statements, other than historical facts, included in the foregoing press release regarding Onsite's financial position, business strategy, and plans of management for future operations are "forward-looking statements." These statements are based on management's beliefs and assumptions, and on information currently available to management. Forward-looking statements are not guarantees of future performance. They involve risks, uncertainties and assumptions. Onsite's actual results and stockholder values may differ materially from those anticipated or expressed in these forward-looking statements. Many of the factors that will determine these results and values are beyond Onsite's ability to control or predict. Readers of this press release are cautioned not to put undue reliance on any forward-looking statement. Onsite undertakes no obligation to publicly update these forward-looking statements, whether as a result of new information, future events or otherwise.
SOURCE Onsite Energy Corporation
Posts: 1580 | From: World | Registered: Jul 2006
| IP: Logged |
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
