Sept. 16, 2004: Chevron Energy Solutions Improves Efficiency At Mississippi Schools
GULFPORT, Miss. - Chevron Energy Solutions, a unit of ChevronTexaco Corp., announced that it has completed for the Harrison County School District facility improvements that are expected to save the district over $390,000 annually. Implemented at 20 facilities through an energy savings performance contract, the program involved upgrading building infrastructures by replacing old, inefficient equipment to reduce energy expenses and improve indoor comfort.
Under the contract, future energy cost savings associated with new, high-efficiency equipment are guaranteed by Chevron Energy Solutions, enabling the district to finance the installations with a much smaller initial investment than would be needed under traditional financing methods. This form of contracting has been popular among schools and other public institutions because it enables them to retain capital resources for other critical needs while benefiting from facility upgrades and reduced energy costs.