Lime Energy helps Central Hudson Gas & Electric exceed 2012 goal
Energy Efficient Facility Upgrades provided for nearly 1,000 Hudson Valley small businesses
Huntersville, NC, February 6, 2013 - Lime Energy Co. (NASDAQ: LIME) announced they have saved businesses more than 13,600 megawatt-hours through Central Hudson Gas & Electric's Small and Mid-Sized Business Direct Install Programs, with an additional 5,000 megawatt-hours committed for installation. As the exclusive provider for these programs, Lime Energy provides energy-efficient lighting facility upgrades for business customers throughout Central Hudson's service territory, located in the Mid-Hudson Valley region of New York State. Lime Energy is poised to deliver an additional 58,000 megawatt hours over the remaining course of their four-year contract.
Central Hudson’s Direct Install Programs serve small- and medium-sized commercial customers as well as municipalities, providing incentives that cover up to 70 percent of the cost of implementing these energy efficiency projects. To date, Central Hudson has provided more than $3 million in incentives to help nearly 1,000 businesses upgrade to energy-efficient lighting, resulting in lower energy usage and improved lighting quality. In addition, these businesses also lowered their operating and maintenance costs. “We applaud Central Hudson’s commitment to New York State's energy efficiency goals, and we are proud to partner with them,” said John O’Rourke, President and CEO of Lime Energy. “Together we have improved small business workplaces while saving local business owners thousands of dollars every month on their electric bills.”
“Central Hudson exceeded their 2012 EEPS goal for their electric portfolio and Lime played a significant role in that achievement,” said Brian Dimisko, Division Manager of Energy Efficiency for Central Hudson. “Direct Install Programs provide an invaluable service to our commercial electric customers.”
About Lime Energy Co
Lime Energy is a national leader in designing and implementing energy efficiency programs for utilities, government agencies and private enterprises. Our innovative solutions enable our clients to meet their energy savings and carbon reduction goals across a portfolio of facilities, driving increased profitability and competitiveness. We bring proven results and over 25 years of experience that enable us to scale energy efficiency programs to meet increasing clean energy regulations.
About Central Hudson
Central Hudson Gas & Electric Corporation is a regulated transmission and distribution utility company, serving approximately 300,000 electric and 75,000 natural gas customers in eight counties of New York State’s Mid-Hudson River Valley, delivering natural gas and electricity in a 2,600-square-mile service territory that extends north from the suburbs of metropolitan New York City to the Capital District at Albany. Central Hudson is a wholly owned subsidiary of CH Energy Group, Inc., predominantly an energy delivery company headquartered in Poughkeepsie, NY.
This news 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," “hope,” "intends," "estimates," "plan," "should," "typical," "preliminary," 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 to differ materially from those expressed in, or implied by, these forward- looking statements. These risks include those 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 here by reference.
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