Pepco Energy Awarded $11 million Energy Savings Performance Contract by the Virginia Department of Military Affairs
Pepco Energy Services, a subsidiary of Pepco Holdings, Inc. (NYSE: POM) has been chosen to implement a comprehensive energy savings performance contract project for the Virginia Department of Military Affairs.
The $11 million contract calls on Pepco Energy to install new direct digital controls, energy-efficient boilers and geothermal heating and cooling systems, as well as implement water conservation measures for Army National Guard Armories throughout Virginia. Pepco Energy will also provide much needed infrastructure improvements for the facilities, many of which have roofs that are leaking.
“We greatly appreciate the support of Gov. Bob McDonnell, Secretary of Public Safety Marla Graff Decker and the Virginia General Assembly in providing funds for much needed facilities improvements, and we have turned their $6.7 million investment into more than $24 million with the addition of federal matching funds,” said Maj. Gen. Daniel E. Long, Jr., the Adjutant General of Virginia. "This is an unprecedented investment to improve the infrastructure and readiness of the Virginia National Guard and to provide an environment where our Soldiers, Airmen, members of the Virginia Defense Force and civilian employees want to work and serve in every day. As we continue our efforts to make sure we provide a premier, ready, relevant, resilient and rapid responding force to meet the needs of the Commonwealth, these facilities improvements will help us do that.”
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