Media

Veolia Energy to Support New York's Energy Efficiency Goals

11/10/09  • Energy
NEW YORK, Sept. 10, 2009- Veolia Energy North America, a leading provider of sustainable energy services and facility operations and management solutions, announced that its subsidiary and consulting division, SourceOne, was recently selected through a competitive bid process by the New York Power Authority (NYPA) to conduct energy efficiency audits at the facilities of NYPA electricity customers in New York City and Westchester County. NYPA is the largest state-owned power organization in the United States, operating 18 generating facilities and more than 1,400 circuit-miles of transmission lines.

Under this four-year service agreement, Veolia Energy will conduct energy audits for NYPA customers that range from large public institutions to small facilities.This agreement will support NYPA's energy efficiency work to help achieve New York Governor David A. Paterson's ambitious "45 by 15" initiative to both reduce electricity use by 15 percent below 2015 forecasts and increase the proportion of renewable generation to 30 percent of electricity demand by that year.

Through these audits, Veolia Energy will provide recommendations and will be responsible for the designing of energy-efficiency projects, putting them out to bid, and reviewing and selecting bidders.This will be done in collaboration with the Power Authority and the NYPA customers whose facilities are benefiting from the energy audits.

"We are thrilled to have secured this successful bid with the New York Power Authority to help promote energy efficiency at downstate public facilities," said Brian Casey, CEO of SourceOne."We share NYPA's commitment to energy efficiency and we are pleased to play a role in reducing energy use at existing facilities along with providing future recommendations for incorporating sustainability measures to help these facilities operate in the healthiest, most environmentally sound manner possible."

A leader in promoting energy efficiency, developing alternative energy sources and advancing clean transportation initiatives, NYPA's award-winning energy efficiency programs have contributed to helping make New York State a leader in energy savings.NYPA has undertaken energy efficiency and clean energy projects at more than 3,100 public facilities, saving New York taxpayers over $115 million a year and avoiding nearly 817,000 tons of greenhouse gases annually, which translates into the equivalent of avoiding the use ofmore than 2 million barrels of oil a year. SourceOne is the newest addition to five other firms currently assisting NYPA with downstate energy audits.

A subsidiary and consulting division of Veolia Energy North America, SourceOne is a nationally recognized power management 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
A subsidiary of Veolia Environnement, the world's leading environmental services company, Veolia Energy focuses on controlling energy costs and reducing carbon footprints through energy-efficient, custom solutions.Solutions encompass the production and distribution of highly-reliable thermal energy; on-site operation of customers' complex equipment to enhance the technical, economic and environmental performance; combined heat and power generation (cogeneration); and the introduction of renewable fuels into the energy mix where it is viable.Veolia Energy serves customers throughout the Continental USA, with a national reach and capability, and owns and operates the largest portfolio of district energy (heating and cooling) networks in the United States.With approximately 335,000 employees globally, Veolia Environnement reported revenue of $50 billion in 2008.

About New York Power Authority (NYPA)
The New York Power Authority uses no tax money or state credit. It finances its operations through the sale of bonds and revenues earned in large part through sales of electricity.NYPA is a leader in promoting energy efficiency, new energy technologies and electric transportation initiatives. It is the nation's largest state-owned electric utility, with 18 generating facilities in various parts of New York State and more than 1,400 circuit-miles of transmission lines. About 75 percent of the electricity it produces is clean renewable hydropower. Its lower-cost power production and electricity purchases support hundreds of thousands of jobs throughout the state. For more information, www.nypa.gov.

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

New York Power Authority - Connie M. Cullen
Tel: 914-390-8196
E-mail: connie.cullen@nypa.gov