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SourceOne Wins Contract to Perform Energy Services for Six Municipalities in Connecticut

12/21/10  • Energy
BOSTON, December 21, 2010- Veolia Energy North America, a leading operator and developer of sustainable energy systems, announced that SourceOne, its energy management and advisory services subsidiary, has been selected to perform energy services on behalf of six Connecticut municipalities: Branford, Durham, Guilford, Killingworth, Madison and Westbrook. The overall goal of this effort is to achieve energy savings of at least 5 percent across all six communities, with an emphasis on projects that involve regional cooperation and savings.

The six towns developed a regional energy commission and jointly applied for and received a $250,000 grant from the State Office of Policy and Management. After a rigorous review process, SourceOne was selected from a list of seven finalists. The scope of the energy services delivered will include energy audits, renewable energy assessments, procurement review and assistance, grant/incentive research, short and long term energy conservation projects, and project planning.

"We are very pleased to have been selected to help these towns improve their energy efficiency," said Vincent Martin, President of SourceOne." Our approach will be tailored to meet each town's long-term needs, as well as the requirements of the regional energy commission. We have an excellent track record in the New England area, and we are excited by this opportunity."

The project is part of the Energy Efficiency and Conservation Block Grant (EECBG) Program, which was created to assist U.S. cities, counties and states to develop, promote, implement and manage energy efficiency and conservation projects and programs. The American Recovery and Reinvestment Act of 2009 (ARRA) appropriated $3.2 billion for EECBGs to be distributed by the U.S. Department of Energy (DOE) across the country. Entities in the State of Connecticut are eligible to receive EECBG ARRA funding totaling up to $24.5 million. Grants can be used for energy efficiency and conservation programs and projects communitywide, as well as renewable energy installations on government buildings.

SourceOne has established a successful track record across the nation, providing a unique mix of energy services that are focused on complex capacity and reliability issues affecting customers. This project will leverage SourceOne's extensive expertise in the economics of power delivery and consumption.

About SourceOne
A subsidiary of Veolia Energy North America, SourceOne is a nationally recognized energy management and strategic advisory services company, providing support to businesses who view power as critical to their operations, offering a strategic, customized approach to utilizing available resources, and generating new solutions. With offices in Boston, New York City and Los Angeles, SourceOne manages more than 850 megawatts (MW) of electric power, 2 bcf of natural gas, and $500 million of utility bill processing.

About Veolia Energy North America
Based in Boston, MA, Veolia Energy North America is a leading U.S. operator and developer of sustainable energy systems. The company is part of the Veolia Environnement companies in North America, with more than 28,000 North American employees providing sustainable environmental solutions in water management, waste services, energy management, and passenger transportation.

Veolia Energy's parent company, Veolia Environnement (NYSE: VE and Paris Euronext: VIE), is the global standard for environmental services. With approximately 313,000 employees in 74 countries, Veolia Environnement recorded annual revenues of nearly $50 billion in 2009. Visit the company's Web sites at www.veolianorthamerica.comand www.veoliaenergyna.com.

Contact:
Veolia Energy North America - Rowan Sanders
Tel: 617-849-6656
E-mail: rsanders@veoliaenergyna.com