Spartanburg County School District Three Partners with Pepco Energy to Implement Major Energy and Infrastructure Improvements

Spartanburg County School District Three Partners with Pepco Energy to Implement Major Energy and Infrastructure Improvements

ARLINGTON, Va.--(BUSINESS WIRE)-- Pepco Energy Services, Inc., a subsidiary of Pepco Holdings, Inc. (PHI) and a leader in energy savings performance contracting, announced today that it is commencing implementation of an Energy Savings Performance Contract (ESPC) with Spartanburg County School District Three in Spartanburg County, S.C. Under the contract, Pepco Energy will install over $5.5 million of energy efficiency improvements at nine school facilities that are guaranteed to save the District more than $185,000 annually and $3.5 million over the term, while also addressing critical infrastructure needs.

The energy efficiency measures include building automation system installations, interior lighting retrofits, LED exterior lighting retrofits and water conservation measures. In addition, upgrades to the thirty-five year old HVAC and plumbing systems that were originally installed in the facilities will also be made. The contract also calls for the installation of a solar photovoltaic (PV) system after a grant from Palmetto Clean Energy is received.

“For the past five years District Three has been in budget survival mode, not budget development,” said Greg Mack, assistant superintendent for finance and operations. “This project will allow us to replace HVAC, lighting and plumbing equipment that in the majority of schools is over 35 years old and was original to the building, paid in majority from energy savings. We are proud to have developed this project with Pepco Energy and these infrastructure improvements will certainly help us provide a much higher quality learning environment to our students while reducing overall expenses to the schools.”

The project is expected to reduce the school district’s energy usage by 25 percent below year 2000 levels. After implementation of this ESPC, the school district will exceed the energy efficiency requirements established by South Carolina energy efficiency law, which set a goal of reducing all state agency and public school districts energy usage by twenty percent relative to year 2000 levels by July 1, 2020.

“Pepco Energy Services is pleased to have entered into a partnership with Spartanburg County School District Three for this exciting and much needed project,” said Patrick Sweeney, vice president of business development at Pepco Energy. “This project will establish District Three as a leader among South Carolina K-12 for implementation of energy efficiency, carbon footprint reduction and sustainability in a fiscally responsible manner that showcases the District’s consideration for the learning environment - comfort, safety and health of their students and staff.”

Overall this project is expected to reduce the District’s annual carbon footprint with 1,703,372 kWh in electric savings and 2,252,000 gallons of water saved annually. This will decrease the amount of CO2 produced by 1.15 million lbs. per year which would be the equivalent of the District planting 381 acres of trees.

About Spartanburg County School District Three

Spartanburg County School District Three is located in eastern Spartanburg County and includes four elementary schools, two middle schools and one high school, as well as a multi-district career and technology center. The mission of Spartanburg School District Three…steeped in history, focused on the future…is to equip our students to thrive economically as productive citizens by ensuring challenging and relevant learning experiences in a healthy, safe, nurturing environment.

Pepco Energy Services, Inc. (Pepco Energy), a wholly owned subsidiary of Pepco Holdings, Inc. (NYSE: POM  ) , provides commercial, institutional, government and industrial customers with competitive energy efficiency services, including renewable energy and combined heat and power projects/plants.

Pepco Energy Services is not the same company as Potomac Electric Power Company (Pepco), the regulated utility; the prices and services of Pepco Energy are not set by the Public Service Commission; and you are not required to buy energy or other products and services from Pepco Energy Services in order to receive the same quality service from Pepco.



Pepco Energy Services, Inc.
Media Contact:
Diane Rehe
Office 703-253-1810
drehe@pepcoenergy.com

KEYWORDS:   United States  North America  South Carolina  Virginia

INDUSTRY KEYWORDS:

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2683513, ~/Articles/ArticleHandler.aspx, 8/20/2014 3:52:28 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...