A Continuation of the Partnership to Deliver Clean Energy Solutions
to Government, Non-Profit and Small Business Facilities in New Jersey.
Lime Energy Co. (NASDAQ:LIME) has been awarded a contract by Public
Service Electric & Gas (PSE&G) to implement a portion of their Direct
Install Program for Government, Non-Profit and Small Business
Facilities. The initiative is scheduled to run for the next two years
and Lime Energy will be one of four implementation contractors providing
energy efficiency upgrades to PSE&G customers throughout New Jersey.
The Direct Install Program will provide energy-efficient lighting,
refrigeration and HVAC upgrades to eligible government and non-profit
facilities, as well as small businesses located within Urban Enterprise
Zones (UEZs) in PSE&G’s service territory. PSE&G will cover 100 percent
of the upfront costs and participating customers will repay 30 percent
of the total, interest free, over 36 months on their PSE&G bill. PSE&G’s
inclusion of UEZ-small businesses in the program will also help Lime
Energy fulfill their recent commitment to the White House to help 1,000
businesses in low-to-moderate income communities become more
energy-efficient.
This is the second partnership in the last five years between the two
companies. “Lime Energy is excited to continue its partnership with
PSE&G and with the opening of our new corporate headquarters in Newark,
we look forward to helping additional businesses and facilities right in
our own backyard,” said Adam Procell, Lime Energy’s President and CEO.
“Lime Energy has already provided clean energy solutions to over 2,000
New Jersey businesses and this utility program will help reach the
smallest, hardest-to-reach businesses through PSE&G customer engagement,
community outreach and on-bill repayment.”
About Lime Energy Co.
Lime Energy is building a new energy future. As a leading national
provider of energy efficiency for small business customers, Lime designs
and implements direct install programs for our utility clients which
consistently exceed program savings goals. Our award-winning, integrated
services programs provide utilities with reliable energy efficiency
resources while delivering the highest levels of customer satisfaction.
This next generation approach is helping utilities across the country to
go deeper and broader with the cheapest, cleanest and fastest energy
resource that we have - energy efficiency.
About PSE&G
Public Service Electric and Gas Company (PSE&G) is New Jersey’s oldest
and largest regulated gas and electric delivery utility, serving nearly
three-quarters of the state’s population. PSE&G is the winner of the
ReliabilityOne Award for superior electric system reliability. PSE&G is
a subsidiary of Public Service Enterprise Group Incorporated (PSEG)
(NYSE:PEG), a diversified energy company.
Visit PSEG at:
www.pseg.com
PSEG on Facebook
PSEG on Twitter
PSEG on LinkedIn
PSEG blog, Energize!
FORWARD-LOOKING STATEMENTS
This press release includes forward-looking statements within the
meaning of the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995 including statements that reflect Lime
Energy’s current expectations about its future results, performance,
prospects and opportunities. Lime Energy has tried to identify these
forward-looking statements by using words and phrases such as “may,”
“expects,” “anticipates,” “believes,” “intends,” “estimates,” “plan,”
“should,” “typical,” “preliminary,” “hope,” or similar expressions.
These forward-looking statements are based on information currently
available to Lime Energy and are subject to a number of risks,
uncertainties and other factors that could cause Lime Energy’s actual
results, performance, prospects or opportunities in the remainder of
2014 and beyond to differ materially from those expressed in, or implied
by, these forward-looking statements. These risks and uncertainties are
described in Lime Energy’s most recent Annual Report on Form 10-K or as
may be described from time to time in Lime Energy’s subsequent SEC
filings; such factors are incorporated herein by reference.
View source version on businesswire.com: http://www.businesswire.com/news/home/20151117006959/en/
Copyright Business Wire 2015
Source: Business Wire
(November 17, 2015 - 4:05 PM EST)
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