ARLINGTON, Va. - Pepco Energy Services, a subsidiary of Pepco Holdings Inc., has been selected to implement a comprehensive energy savings performance contract by the North Carolina Department of Administration.

The project is expected to provide the state with over $25 million in guaranteed savings over the 12-year term. The contract calls for Pepco Energy Services to improve the energy efficiency of numerous state government buildings in Raleigh. As part of the performance contract, Pepco Energy Services will recommission and expand the downtown district cooling system; provide improvements to HVAC systems and controls; install energy efficient lighting systems; and implement water conservation measures in a number of government buildings.

In January of this year, Pepco Energy Services was selected by the North Carolina Department of Administration from a group of eight energy service companies for the completion of an investment grade energy audit of the state government buildings complex. The audit was completed in August, and an energy services agreement to implement the project was signed in November.

"Pepco Energy Services has enjoyed working with the state of North Carolina over the last year and looks forward to providing the state with significant energy savings from this project," said David Weiss, president of the Performance Management Group of Pepco Energy Services.

Publication date: 12/12/2005