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HEARD AROUND TOWN

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25th Anniversary
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Federal Market Workshop

March 10, 2008 - Washington, DC
Reinvigorating the Pursuit of Energy Efficiency at Federal Buildings: A Report from the Trenches
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NAESCO Newsletter

First Quarter 2008

Heard Around Town

NAESCO Advocacy Updates

For the Record

What's New and Noteworthy

For a full list of all NAESCO Member News and Projects, please click here.

Projects and Products

People

Industry News


Heard Around Town

Dan Delurey (DRAM Coalition), Doug Gatlin (USGBC), David Goldstein (NRDC), and Steve Nadel (ACEEE) talk to the NAESCO Newsletter about their organizations' 2008 energy advocacy priorities.

Four leading industry voices took the time to talk with the NAESCO newsletter staff about their advocacy priorities.  NAESCO posed the following questions:

1. What are your key national advocacy priorities for 2008?

Dan Delurey, DRAM Coalition: We will continue to be working with the Congress on energy legislation but also on legislation regarding climate change. On the energy front, we will be focused on passing energy tax provisions that were in the Energy Independence and Security Act up until being excised just prior to enactment.

Doug Gatlin, USGBC: From a national perspective, USGBC is focused on promoting the linkages between green buildings and initiatives aimed at addressing the energy and climate issues we face today. Buildings account for 40% of greenhouse gas emissions in the U.S. and offer the most immediate and cost-effective opportunities for drastically reducing U.S. greenhouse gas emissions. USGBC is working to ensure that federal, state, and local policies harness the tremendous potential of buildings to serve as part of the solution to climate change. Whether it's our schools, our homes or our work places, USGBC supports initiatives that promote healthier, environmentally friendly and economically profitable buildings.

David Goldstein, NRDC: NRDC's key legislative priorities for energy are the adoption or extension of tax incentives for green energy, some of which were enacted in fragmentary form in the Energy Policy Act of 2005 (EPAct).  NRDC has been working for almost a decade in developing incentives that work and that can achieve the greatest savings for the lowest cost to the government.

Steve Nadel, ACEEE: In 2008, our key national advocacy priorities are extension and updating of the energy efficiency tax incentives adopted in the Energy Policy Act of 2005 and  Congressional adoption of energy efficiency savings targets (which we call "energy efficiency resource standards"-- EERS), either combined with, or separate from, a renewable portfolio standard.

2. What do you see as the key policy failures of the Energy Independence and Security Act of 2007 and do you see any possibilities in 2008 to enact any of the policy provisions that for one reason or another did not make it into the final version of the bill?

Dan Delurey, DRAM Coalition: The Energy Tax Package that was eliminated from the Energy Independence and Security Act just prior to its enactment contained an important tax provision for the demand response (DR) and advanced metering community.  One other provision which we supported but did not make it into the new Act would have required EPA to incorporate demand response to a greater degree in its efficiency and clean energy plans and programs.  It also would have required that the agency do a study on the environmental impacts and benefits of demand response, including when off-grid generation options are employed in DR applications.

Doug Gatlin, USGBC: While the Energy Independence and Security Act of 2007 represents an historic step toward an energy efficient and environmentally responsible future, it was unable to advance several significant provisions. USGBC particularly regrets the last-minute exclusion of the renewable energy and energy efficiency tax package, which would have provided necessary extensions of tax credits and deductions for energy efficient residential and commercial properties. These incentives, which are set to expire at the end of the year, play a key role in spurring investment in energy efficiency and are vital to the transformation of the built environment to sustainability.

David Goldstein, NRDC: The key problems with the 2007 Energy Act were errors of omission rather than errors of commission.  This law did not include any financial incentives for energy efficiency.  Good energy policy involves a mix of standards, incentives, and information programs.  NRDC is disappointed that the 2007 Act did not enact portfolio standards for renewable energy or energy efficiency.

We hope that a follow-up bill will be passed in 2008, when the new president is likely to be more amenable to efficiency than the current one.  We are advocating that stronger provisions on building codes be offered, empowering DOE to assist states with funding and with technical information to adopt and implement more stringent energy codes.  Through climate bills, we are advocating that states be required to implement strong codes in order to receive emissions allowances.

Steve Nadel, ACEEE: The two big disappointments in EISA were that both energy efficiency tax incentives and a combined renewable energy and energy efficiency resource standard (RES/EERS) were not in the final bill.  Both provisions passed the House, but could not get the required 60 votes in the Senate.  We think there is a very good chance that the tax incentives can be extended this year, with most of the incentives extended through 2009. This provision has wide support in Congress; what is controversial is how to pay for them.  We think the lead Congressional committees want this extension enough that they will be able to come up with a way to get past the funding problem, either to include the tax incentives in a stimulus bill without any "offsets", or to come up with some offsets that can get 60 votes in the Senate.  The RES/EERS will be harder to pass this year given the short Congressional calendar and strong and determined opposition to the provision by some key Senators, but there is a modest chance it could pass this year.

3. Looking at the many state and regional efficiency action plans in place or under development, where does your organization plan to spend the majority of its time in 2008?

Dan Delurey, DRAM Coalition: One of our main objectives in recent years has been to convey to a variety of different audiences that demand response needs to have some degree of separate standing in its own right in efficiency programs, action plans, etc. - or at least be included in them, which is not always the case. Demand response and energy efficiency are essentially "siblings" in the demand side management family, with efficiency being the older and more established and demand response being the younger and still developing one. They share a lot in common, but they are not twins, with each one being able to do things that the other one cannot.

Doug Gatlin, USGBC: In addition to responding to climate change, which is a fundamental driver that cuts across USGBC's advocacy efforts, we are focused on three broad advocacy areas that are seeing traction at the state and local level. These include Government Buildings, Existing Buildings and Green Building Incentives.

David Goldstein, NRDC: NRDC will be ramping up its efforts at all levels: state, regional, national, and international. There is no single "best way" to adopt energy policy. Rather, we find that working with agencies that want to make a difference can be effective regardless of whether the agency represents a region, a whole country, or involves international co-operative efforts.

Steve Nadel, ACEEE: We think that 2008 provides an opportunity for significant energy efficiency policy gains at the state level and ACEEE plans to be active in most of the key states. Iowa, Maryland, Michigan, Ohio and Pennsylvania are all working on legislation to set binding energy savings targets, and chances of success are good in all five states, with support from the governors in all of these states. A bill to require utilities to acquire "all cost-effective efficiency resources" has passed both houses of the Massachusetts legislature and is likely to be finalized soon. And regulators in Florida and New York are working at the behest of their Governors to establish EERS. We are also working in North Carolina, Virginia, and Wisconsin, where we see opportunities for new policies in 2009.

Read the full interviews

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NAESCO Advocacy Updates

NAESCO First Quarter 2008 Advocacy Report includes a look back at 2007 highlights

NAESCO has firmly established itself as the national voice of the ESCO industry through its national and regional advocacy efforts. NAESCO has taken a leadership role in working with the US Department of Energy to accelerate the ESPC project award pipeline, encourage federal streamlining efforts, and expand federal organizational capabilities to support the expected expansion of ESPC investment at federal facilities.

NAESCO works to ensure that state initiatives focus on creating verifiable energy savings and stimulate industry market opportunities. In 2007, NAESCO provided written testimony in NY, CA, MA, TX, NC and NJ state proceedings and participated as a witness in Senate hearings on green job opportunities. NAESCO has also strengthened organizational ties with the ESC, NASEO, BOMA, the FPCC, the Apollo Alliance, ACEEE, and the NEMA CBTD Coalition. NAESCO also participated in the national coalition to enact a federal Efficiency Performance Standard, and in the Apollo Alliance Clean Energy Investment Task Force to develop policies for the investment of potential carbon cap-and-trade revenues into energy efficiency.

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For the Record

Estimating Demand Response Load Impacts, a New Study by LBNL

Lawrence Berkeley National Laboratory (LBNL) recently issued a new study entitled "Estimating Demand Response Load Impacts: Evaluation of Baseline Load Models for Non-Residential Buildings in California." This study analyzes the performance of different baseline load profile (BLP) models for commercial buildings participating in a demand response (DR) program.  Accurate BLP estimates help ensure that individual participants in DR programs are fairly compensated as part of settlement procedures.

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Department of Energy Increases Energy Efficiency in New Federal Buildings

The U.S. Department of Energy announced in December 2007 the establishment of regulations that require new Federal Buildings to achieve at least 30% greater energy efficiency over prevailing building codes.  These standards apply to new federal commercial, multi-family high-rise residential and low-rise residential buildings designed for construction that began on or after January 3, 2007.

Three key distinguishing features of the new regulations include the following:

  1. The standards are based directly on updated voluntary standards in order to take advantage of improvements already made.
  2. The standards seek improvements above and beyond current voluntary standards by focusing on the entire building performance rather than individual building components and systems.
  3. The mandate to achieve a 30% increase in energy savings requires agencies to use an integrated design approach for new buildings.

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Yale University Implements Broad Sustainability Initiative

As part of its broad-based Sustainability Initiative, Yale University has reduced greenhouse gas emissions by 17% or 43,000 metric tons since 2005.  Yale President Richard C. Levin said an additional 17% reduction would be achieved over the next several years as a number of projects, including a new cogeneration power plant on the campus of the School of Medicine, are completed. Levin said Yale expected to achieve its overall emissions reduction goal of 43% by 2020 at a cost of as little as one-half of 1% of the University's operating budget.

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New ACEEE Study Says Information and Communications Technology is Net Energy Saver By 10:1 Ratio Across Economy

A new study by the American Council for an Energy-Efficient Economy (ACEEE) has found a direct correlation between gains in energy productivity and investments in information and communications technology. The report suggests that use of the technology leads to a dramatic increase in energy efficiency and is actually a net saver of energy by a 10:1 ratio across the economy. Server virtualization and more efficient disk drive and flash technologies are examples of IT energy efficiency.

Entitled, "Information and Communication Technologies: The Power of Productivity," the ACEEE report was commissioned by the Technology CEO Council. The study states that data for the past 37 years indicate that the pace of energy efficiency gains has increased significantly since 1996. Whereas U.S. energy intensity declined 1.8 percent per year between 1970 and 1995, it declined at a much more rapid rate of 2.4 percent between 1996 and 2006. According to the authors of the report, it takes less than half the energy to produce a dollar of economic output today as it did in 1970. U.S. energy consumption per dollar of economic output has declined from 18 thousand Btus in 1970 to less than 9 thousand Btus by the end of 2008. The report states that approximately 75 percent of the new demand for energy has been met through energy efficiency. To view a copy of the report, go to www.techceocouncil.org.

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What's New and Noteworthy

For a full list of all NAESCO Member News and Projects, please click here.

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Projects and Products

CHEVRON ENERGY SOLUTIONS helps Carson, CA Transit "go green"

The Los Angeles County Metropolitan Transportation Authority joined Chevron Energy Solutions to unveil the transit agency's latest contribution to energy efficiency and sustainability: the largest solar panel installation at a single site within the U.S. transit industry.

The 498-kilowatt (DC) system, comprising 1,632 individual solar panels, is now installed on the roof of the Carson bus division's maintenance facility and six parking lot carport structures. Metro estimates that the solar panel system will generate 600,000 kilowatt-hours of electricity per year, enough green renewable power to save the division nearly $17,000 per month, or $200,000 per year.

To help offset the $4.2 million cost of the installation, Metro applied $1.82 million in previous Southern California Gas Co. and the Los Angeles Department of Water & Power incentives from its first solar panel project in the San Fernando Valley. Metro also anticipates receiving from The Gas Company incentives of about $1.2 million associated with the Division 18 project, which will further offset the cost. The project should pay for itself within 12 to 14 years.

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PEPCO ENERGY SERVICES selected to provide Energy Management Services To BWI Airport

Pepco Energy Services announced that it has signed a three-year contract with the Maryland Aviation Administration to provide operation and maintenance services to the Baltimore/Washington International Thurgood Marshall Airport (BWI) and Martin State Airport.

Under the contract, Pepco Energy Services will be responsible for the operations, maintenance and repair of all central utility plant, HVAC, and controls system assets serving the airports, in addition to performing all fire/safety system testing on site.

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CUSTOM ENERGY selected for energy projects at Three Penn State Campuses

Custom Energy announced that it has been selected to perform guaranteed energy saving projects at Penn State Abington, Penn State Brandywine and Penn State Great Valley.  These projects will help the campuses replace aging equipment and infrastructure with new, more energy-efficient solutions, while improving the quality of the indoor environment for teaching and learning.

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NORESCO chosen for $18 Million Initiative at URI

The University of Rhode Island (URI) has selected NORESCO to implement guaranteed energy savings agreements with an expected value of more than $18 million. The agreements between URI and NORESCO will provide long-term sustainable reductions in fossil fuel use, operating costs, and greenhouse gas emissions. Construction is already underway at the Kingston campus for projects totaling $4.4 million at the Memorial Union and the athletic complex, which includes four buildings.

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INTELLIDYNE helping green Levittown

Intellidyne, LLC, is helping Levittown, known as the nation's first suburb, go green in celebration of its 60th birthday.  Intellidyne is contributing to a greener Levittown by offering its microprocessor-based IntelliCon®-HW+ Hot Water Heating System Fuel Economizer to 50 Levittown households at no cost.  The new computer-based controls will provide energy savings while ensuring the continued comfort of Levittown residents.

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JOHNSON CONTROLS installs $10 million of energy and water upgrades in Tulare, California including 30kw PV carport

The city of Tulare has launched a pilot project with Johnson Controls that involves installing 30 kw photovoltaic panels on a city 20 space carport which is generating energy for the municipal wastewater treatment plant.  Johnson Controls has also partnered with the city to develop a $10 million comprehensive program of significant upgrades to the city's domestic water infrastructure, along with expanded energy services and capital improvements – all financed through operational and energy savings.

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HP Introduces Energy-efficient Business Desktop PCs with VERDIEM power management software

HP announced two new energy-efficient business desktop PCs, including the industry's first to feature a solid-state hard drive (SSD), which offers improved reliability.  Both PCs include a variety of environmental features that allow them to meet the environmental requirements of the Electronic Product Environmental Assessment Tool (EPEAT™) Gold registry.

The dc7800 Ultra Slim Desktop is loaded with energy-efficient features, including  preloaded Verdiem SURVEYOR™ network power management software agent. These features help  customers reduce processor heat and energy costs, as well as manage power and sleep settings more efficiently to increase the useful life of the PC.

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OSRAM SYLVANIA implements $11 million lighting project with Mervyns Department Store Chain

Mervyns LLC, headquartered in the San Francisco Bay Area, operates 173 stores in eight states, each store averages 80,000 square feet.  Seeking to make the most of this retail space, Mervyns partnered with SYLVANIA Lighting Services (SLS) to design, specify and install state-of-the-art lighting systems throughout stores, distribution centers and corporate headquarters.

The initial investment of the lighting project was $11.5 million.  With an anticipated savings of $6 million, Mervyns can expect a simple payback in less than two years.  Energy savings alone of 28,995,471 kWh per year equal a projected $4.3 million per year, while utility rebates will save an estimated $1.2 million.  As a result of new equipment and exclusive SLS lamp and ballast warranties, Mervyns will benefit from a projected annual maintenance savings of $1.7 million. The reduced energy usage also allows Mervyns to take advantage of the Energy Policy Act of 2005 tax benefit for an estimated tax savings of more than $2.9 million.

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HONEYWELL provides Poway, CA Schools with green, renewable energy

Honeywell has announced that Poway Unified School District in San Diego, Calif. has awarded the company a solar project that is expected to save the district more than $1 million in energy costs over the next 20 years. Under the agreement, Honeywell will install solar arrays at four of the district's schools and sell the electricity the panels produce to the district.

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TRANE works with Knox County, TN schools to reduce energy consumption and generate $700,000 in annual energy savings

The Knox County School System will save more than $700,000 in energy costs annually while improving students' learning environment through one of the largest energy efficiency projects ever instituted by a public school system in the state of Tennessee.  The Knox County School System will reduce its carbon dioxide emissions by 16,629,086 pounds, sulfur dioxide emissions by 100,250 pounds and oxide emissions by 28,796 pounds annually. These statistics are equivalent to saving 2,910 trees, taking 15 cars off the road and saving 2,612 gallons of gas annually.

Infrastructure improvements in the schools include lighting and water system upgrades, building automation installations and heating, ventilation and air conditioning system replacements. The project will be funded entirely by leveraging guaranteed energy and operating cost savings through a performance contracting project with Trane.

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JOHNSON CONTROLS installs new water meters and energy upgrades in 12 municipal buildings in Laurel, Montana

Johnson Controls upgraded the municipal facilities and improved the accuracy of water meters for Laurel, Montana.  It is expected that the $1.7 million contract will save the city more than $97,000 in annual utility and operational expenses.

Johnson Controls also is providing energy upgrades for 12 city buildings which include highly efficient lights, lighting controls, programmable thermostats, an energy management control system, improved insulation and a new boiler for city hall.  Johnson Controls worked with city leaders and financing firms to negotiate a tax-exempt municipal lease to fund the projects. It is one of the first performance contracts under the state of Montana's new legislation.

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Thompson Health works with TRANE to leverage energy efficiency and enhance performance

Thompson Health is implementing a range of energy efficiency measures to reduce energy costs by $300,000 annually, reduce its greenhouse gas emissions by 15 percent, and improve the quality of patient care.  The project will improve the air quality in operating rooms and patient rooms and keep the hospital comfortable even in extremely hot weather.  Investment costs will be fully offset by energy savings and grants from NYSERDA and Rochester Gas and Electric.

The project, scheduled to be completed in January, 2008, includes installation of heating, ventilation, air conditioning and energy management systems, provided by Trane under a comprehensive, performance-based contract. 

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HONEYWELL and Kansas City Power & Light build on success of DR program

Honeywell and Kansas City Power & Light announced a contract extension to the utility's Energy Optimizer program. Managed by Honeywell, Energy Optimizer is designed to reduce peak energy consumption from June to September, when air-conditioning use reaches its highest levels of the year.  The demand-response program, which was launched in 2005, features the installation of programmable thermostats in residential homes and small businesses.  The thermostats include a paging system that allows KCP&L to communicate with the thermostats and cycle air conditioners off and on for brief intervals.

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Texas School District completes $792,000 energy saving project with TAC

The Clyde, Texas Consolidated Independent School District has completed a $792,000 project to lower its utility costs and improve operations, comfort and efficiency at its facilities.  The Energy Solutions division of TAC accomplished the work as a performance contract with the district. TAC guarantees that Clyde CISD will reduce its utility costs by $57,000 annually.

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Georgia Hospital and Nursing Home Partners with TRANE to improve quality of patient care while saving significant energy and operating costs

Evans Memorial Hospital and Glenville Nursing Home have entered into a $1.84 million performance-based contract with Trane that will fund much-needed renovations through energy savings.  Energy and operating cost savings will be achieved through redesign of the mechanical and electrical systems; lighting and plumbing upgrades; and installation of high efficiency heating, ventilation and air conditioning units at Glenview Nursing Home; and a new chiller and cooling tower with supporting systems; lighting upgrades; and heating, ventilation and air conditioning upgrades at Evans Memorial Hospital.

The improvements at the facilities are expected to result in a kWh reduction of 17 percent at Evans Memorial Hospital and a 36 percent kWh reduction at Glenville Nursing home. This is equivalent to saving 725 tons of carbon dioxide annually, the equivalent of taking 143 cars off the road or eliminating 85 households' electricity use for one year.

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People

Pieter de Haan Appointed  CEO of ADVANCE

Advance announces the appointment of Pieter de Haan as CEO of Advance, effective January 1st, 2008.  Since first joining the Philips Lighting organization in 1982, de Haan has held successive roles throughout Philips Lighting in Europe and Asia and has amassed over 25 years of experience in manufacturing, supply, marketing, sales, and general management.  Prior to his appointment to CEO of Advance, de Haan served as CEO of Philips Lighting East Asia, based in Shanghai.

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Industry News

FMI forecasts strong outlook for ESCO M&A

FMI forecasts that ESCO merger and acquisition activity will remain strong despite an overall weakening in the M&A market. According to the investment bank, the key macro drivers for ESCO M&A are currently overpowering the drag caused by the tightening of credit and potential for an economic slowdown, which are affecting other areas of M&A.  High energy costs, low project financing costs, growing focus on energy efficiency, scarcity of experienced ESCO staff, and strong growth and profitability of ESCOs are some of the drivers that are contributing to a strong forecast for ESCO M&A. 

FMI is finding that all types of ESCO buyers remain engaged and active.  This group includes controls companies, energy companies, large independent ESCOs, private equity firms, international, and other alternative energy companies. FMI sees established ESCO buyers as seeking acquisitions primarily to expand geographic coverage, penetrate new vertical markets or customer segments, acquire professional staff and management talent, and accelerate growth. FMI sees new ESCO entrants, such as private equity firms, as seeking a core position in one of the few areas of the "new energy economy" that is currently delivering both high-growth and profits.

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Cambridge Energy Alliance Announces its new Energy Services Team

The Cambridge Energy Alliance announced the formation of its Energy Service team and named five firms as its pre-qualified ESCOs.  Starting in early 2008, these five companies will be the primary direct marketers and providers of services that will save electricity, natural gas, heating oil, and water for the residential, commercial, institutional, and industrial consumers in the City of Cambridge, MA who participate in the CEA program.  Conservation Services Group was selected for Small and Medium Housing (Properties fewer than 50 units); Ameresco and RISE Engineering were selected for Large Housing (Properties of 50 units or more); DMJM Harris Energy Services was selected for Small Business (Properties with peak electric demand below 200 kW) and Ameresco and ConEdison Solutions were selected for Large Business and Institution (Properties with peak electric demand at 200 kW or higher).

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NYSERDA honors CON EDISON SOLUTIONS for groundbreaking energy conservation projects

ConEdison Solutions was honored by The New York State Energy Research and Development Authority for its  significant work on numerous cooling, motor, and lighting projects on behalf of energy customers in the state.

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AMERESCO receives  EPA award

Ameresco was honored by the U.S. Environmental Protection Agency with its Industry Partner of the Year Award during the 11th Annual Landfill Methane Outreach Program Conference & Project Expo held recently in Washington, D.C.  According to the EPA's Landfill Methane Outreach Program, the award was presented in recognition of Ameresco's innovative project solutions and the company's contribution to reducing emissions of harmful greenhouse gases.

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RETRO-TECH SYSTEMS participates in SIEMENS' 2007 Project of the Year

Retro-Tech Systems and RTS Water Solutions announced their participation in Siemens' 2007 Project of the Year. In 85 days, they completed a multi-million dollar installation in 23 different facilities utilizing  over 20,000 lighting upgrades, 2,000 lighting controls, and 1,800 water saving installations.

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PHILIPS completes acquisition of Genlyte

Royal Philips Electronics and The Genlyte Group Incorporated announced that Philips has completed its acquisition of Genlyte and, as a result of the merger, Genlyte has become an indirect wholly-owned subsidiary of Philips.

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VEOLIA ENERGY North America, Inc. finalizes the acquisition of Thermal North America, Inc.

Veolia Energy North America, Inc. finalized the acquisition of Thermal North America, Inc., the largest portfolio of district heating and cooling networks in the United States.  Operating under the trade name "TRIGEN," Thermal North America, Inc. owns and operates heating networks in Boston, Philadelphia, Baltimore, Atlanta, Kansas City, Trenton, St Louis, Oklahoma City and Tulsa and several cooling networks in Las Vegas and Los Angeles.

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Administration DOE EERE Budget Request for FY 2009 is Flat

The proposed federal budget for fiscal year 2009 was recently unveiled and it included a $25 billion request for DOE. Of that DOE budget, $1.255 billion has been requested for the DOE Office of Energy Efficiency and Renewable Energy .This is essentially equal to the President's budget request for FY 2008 but about 18% lower than the actual FY 2008 funding not counting congressionally directed funds. Compared to the FY 2008 appropriations, the proposed budget boosts funding for geothermal energy, for research and development relating to biomass and bio-refinery systems, efficient building technologies, while keeping nearly level funding for the Federal Energy Management Program, vehicle technologies, industrial technologies, and wind energy.

The budget reflects shifting priorities, deferring hydrogen production research to focus instead on hydrogen storage and fuel cell technologies needed to develop a practical fuel cell vehicle by 2015. The budget increases funding for state energy programs and proposes $7.5 million in new funding for the Asia Pacific Partnership on Clean Development and Climate. It eliminates funding for Weatherization Assistance Grants and eliminates the Renewable Energy Production Incentive. The proposed DOE budget also includes $3.2 billion for the President's Advanced Energy Initiative and $225 million for the President's Solar America Initiative.

The proposed budget includes a request for $19.9 million for the administrative expenses of DOE's new loan guarantee program. While the FY 2007 appropriations act authorized $38.5 billion in loan guarantees, including $10 billion for renewable energy, energy efficiency, and distributed energy generation, DOE was only given two fiscal years to issue the loan guarantees. The FY 09 budget includes a request for an extension of its authorization to issue loans through FY 2010 and FY 2011.

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All content © copyright 2008 The National Association of Energy Service Companies. All rights reserved. NAESCO, as sponsor and publisher, as well as the Newsletter editors cannot be held liable for changes, revisions or inaccuracies contained in the material published. For more detailed information on the products, projects, programs, services or policies covered in the NAESCO Newsletter, it is recommended that readers contact the appropriate person, company, organization, agency, or industry group.

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