Pepco Energy Services, Inc., a subsidiary of Pepco Holdings, Inc. and a leader in energy savings performance contracting, announced that it has commenced implementation of an Energy Savings Performance Contract (ESPC) with Florence County, South Carolina. Under the contract, Pepco Energy will install over $6.6 million of energy efficiency improvements at thirty Florence County facilities that are guaranteed to save more than $432,000 annually and $7.6 million over the term, while also addressing critical infrastructure needs.
The installed energy efficiency measures include high efficiency lighting equipment such as light-emitting diode (LED) lighting retrofits, water conservation measures, building envelope improvements, high efficiency domestic hot water heaters, boiler replacement, a water source heat pump system, demand control ventilation, a chiller plant optimization system, window film and high efficiency electrical transformers.
“This energy efficiency project required no upfront investment by the County, and based on the attractive rate at which the project was financed, will more than pay for itself over the term of the lease. In addition to the County obtaining new high efficiency equipment, we will also benefit from significant maintenance and other cost savings,” said Kevin Yokim, finance director of Florence County.
The project is expected to reduce Florence County’s energy usage by 20.7 percent relative to project baseline. After implementation of the ESPC project, the County will exceed the energy efficiency requirements established by South Carolina’s energy efficiency law, which set a goal of reducing energy usage for state agencies and public school districts by twenty percent by July 1, 2020 as compared to year 2000 levels. “Pepco Energy Services is pleased to have entered into a partnership with Florence County for this exciting and much needed project,” said Pam Maines, vice president of business development at Pepco Energy.
Overall, this project is expected to produce nearly 3.7 million kilowatt hours of electric savings, 14.4 thousand therms of natural gas and nearly 4.8 million gallons of water savings each year. The project will reduce the County’s carbon footprint by 7 million pounds annually, which is equivalent to the carbon-reducing performance of over 1,000 acres of trees.
For more information about Pepco Energy Services, please visit www.pepcoenergy.com. To inquire about how ESPC and other energy-related services may benefit your facilities and buildings, please contact Wayne Leahy, director of business development, at 609-221-1291 or via email at firstname.lastname@example.org
About Florence County
Florence County is located in eastern South Carolina and encompasses nine municipalities with an aggregate population of approximately 139,000 citizens. County facilities in this contract include a law enforcement center, civic center, public services buildings, numerous libraries, court buildings, public works, and other facilities. The Florence County Government provides basic and necessary services consistent with the needs of its citizens in a cost-effective, efficient, and customer friendly manner, and assumes a proactive leadership role in determining the future direction of the County.
Pepco Energy Services, Inc. (Pepco Energy), a wholly owned subsidiary of Pepco Holdings, Inc. (NYSE: POM), provides institutional and government 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 Services 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.