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Veolia Energy Partners with New Jersey's Clean Energy Program

06/28/10  • Energy
TRENTON, NJ, June 28, 2010- Veolia Energy North America, a leading operator and developer of sustainable energy systems, announced that its subsidiary and consulting division, SourceOne, has been selected by New Jersey’s Clean Energy Program (NJCEP) as an Approved Partner for the state’s Pay for Performance initiative. NJCEP is a statewide program administered by the New Jersey Board of Public Utilities (NJBPU), and the Pay for Performance program is designed to provide incentives to large commercial and industrial customers who comprehensively upgrade their facilities through investments in energy efficiency.

"The Pay for Performance program offers up to $3 million in incentives to New Jersey customers whose facilities have an average annual peak electric demand of over 200 kW, which is a powerful tool in helping improve the state's overall energy efficiency picture," said Board of Public Utilities' Commissioner Joseph L. Fiordaliso. "By accepting Veolia Energy's SourceOne group into our Pay for Performance network, we are recognizing this company's dedication to sustainable and energy efficient technologies, and its experience in incorporating these technologies into existing facilities."

The Pay for Performance Program takes a comprehensive, whole-building approach to energy efficiency, and is comprised of an Existing Buildings component and a New Construction component. As an Approved Partner in the Existing Buildings component, SourceOne will be part of a network that will provide technical services under direct contract to Pay for Performance participants. Acting as an energy expert for participants, SourceOne will develop an Energy Reduction Plan (ERP) for each project with a whole-building technical analysis via a traditional energy audit, a financial plan for funding any recommended energy efficient measures, and a construction schedule for installation.

"We are very pleased to have been selected as a Pay for Performance Program partner to help advance energy efficiency within existing commercial and industrial facilities throughout New Jersey," said Vincent Martin, President of SourceOne. "We share the New Jersey's Clean Energy Program commitment to energy efficiency, and we are eager to help participants of this innovative program both assess energy usage and develop a plan for the future. The development of a comprehensive energy reduction plan that will help reduce a participant's energy consumption by 15 percent or more will be beneficial to both the bottom line and the environment."

SourceOne has established a successful track record within the tri-state region having worked with other high-profile state agencies including the New York Power Authority (NYPA), which announced a partnership last September to conduct energy efficiency audits at the facilities of NYPA electricity customers in New York City and Westchester County. With demonstrated energy service capabilities working with data centers along with commercial buildings, health care and higher educational facilities, SourceOne also leverages Veolia Energy's extensive experience as an operator of combined heat and power generation (cogeneration) and district energy assets.

A subsidiary of Veolia Energy North America, SourceOne is a nationally recognized energy management and strategic advisory service 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 over 850 MW of electric power, 1.5 bcf of natural gas, $500 million of utility processing, and $350 million of energy infrastructure development and operation.

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. Veolia Environnement is a component of the Dow Jones Sustainability World Index (DJSI World) and Dow Jones STOXX Sustainability Index (DJSI STOXX). Visit the company's Web sites at www.veolianorthamerica.com andwww.veoliaenergyna.com.

About the New Jersey Board of Public Utilities (NJBPU)
The New Jersey Board of Public Utilities is a state agency and regulatory authority mandated to ensure safe, adequate and proper utility services at reasonable rates for New Jersey customers. Critical services regulated by the NJBPU include natural gas, electricity, water, wastewater, telecommunications and cable television. The Board has general oversight responsibility for monitoring utility service, responding to consumer complaints, and investigating utility accidents. To find out more about the NJBPU, visit the web site at www.nj.gov/bpu.

About the New Jersey Clean Energy Program (NJCEP)
New Jersey's Clean Energy Program, established on January 22, 2003, in accordance with the Electric Discount and Energy Competition Act (EDECA), provides financial and other incentives to the State's residential customers, businesses and schools that install high-efficiency or renewable energy technologies, thereby reducing energy usage, lowering customers' energy bills and reducing environmental impacts. The program is authorized and overseen by the New Jersey Board of Public Utilities (NJBPU), and its web site is www.njcleanenergy.com.

Contact:
Veolia Energy North America - Rowan Sanders
Tel: 617-849-6656
E-mail: rsanders@veoliaenergyna.com
NJBPU Contact - Doyal Siddell
Tel: 973-468-8515