WASHINGTON, D.C. - The recently issued Government Accountability Office (GAO) report on Energy Savings Performance Contracts (ESPCs) and public/private partnership arrangements is a misleading presentation of the federal government's experience with alternative financing according to Terry E. Singer, executive director of the National Association of Energy Service Companies (NAESCO).
Singer said the report focused too much on how these projects should be funded in an ideal world where everyone has access to unlimited capital rather than on the success of the ESPCs in delivering energy savings in the real world. Singer said the report "focuses on an issue which was decided by the Congress in 1986 rather than celebrating a program that is working well and delivering upon its promises."