January 8, 2007—ConEdison Solutions, a leading energy services company, has been awarded an energy efficiency contract from the United States Postal Service (USPS). The contract calls for CES to implement energy efficiency improvements at more than 1,400 postal facilities in New York, New Jersey, and the Caribbean.
The award, one of six such contracts under the postal service’s Shared Energy Savings (SES) program, is part of a nationwide initiative designed to save $11 million a year in energy costs over ten years, for a total savings of $110 million. The six contracts have an estimated value of $1.3 billion. Participating companies will receive a percentage of the dollar savings attributable to the projects in return for assuming implementation costs.
The US Postal Service, a charter client of ConEdison Solutions, has been a customer of the company since 1997. As of the end of 2004, the USPS had saved more than $5 million each year in energy costs through participation in CES programs. As a result of these efforts, CES was awarded the 2004 USPS Quality Supplier Award.
Energy expenditures comprise a significant portion of the annual Postal Service expense budget. In FY 2005, energy costs were approximately $550 million, not including costs for heating and transportation fuels. Since 1775, the USPS, an independent federal agency that visits more than 144 million homes and businesses every day, receives no taxpayer dollars for routine operations, but derives its operating revenues solely from the sale of postage, products, and services.
ConEdison Solutions is a leading energy services company that provides cost-effective energy solutions for commercial, industrial, residential, and government customers. For more information, visit the Web site.
