Housing Authority of the County of San Bernardino Contracts with NORESCO for $14.5...

Fri Feb 29, 2008 8:00am EST

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Housing Authority of the County of San Bernardino Contracts with NORESCO for $14.5 Million Water and Energy Savings Project

WESTBOROUGH, Mass.--(Business Wire)--
The Housing Authority of the County of San Bernardino (HACSB) has
contracted with NORESCO for $14.5 million in water and energy
conservation measures and related capital improvements. The energy
performance contract with NORESCO, a global leader in energy
infrastructure solutions and services, will produce average annual
savings of $2.4 million over the 20-year contract term.

   The savings will fund improvements that may not otherwise be
possible due to rising utility costs and shrinking HUD subsidies.
Infrastructure improvements accomplished under the contract will
increase energy efficiency in homes, enhance quality of life for
residents, and free up significant funds from the Authority's already
stretched capital budget. The savings realized from reduced water and
energy consumption are guaranteed by NORESCO and will pay for
equipment investment, installation, financing, and training for staff
and residents.

   Dan Nackerman, Executive Director of HACSB, commented, "Water and
energy conservation is increasingly becoming a public policy issue
that we can no longer choose to ignore. Our performance contract with
NORESCO highlights our agency's commitment to managing our operating
budget as efficiently as possible, improving our infrastructure, and
maximizing resources that protect the environment."

   Operating in the dry climate of Southern California, HACSB places
a high priority on water efficiency and cost management. Water
conservation, a hallmark of the project, is calculated to reduce
annual water use by 300 million gallons. NORESCO will install
xeriscaping, residential water submeters, and a centralized controls
system for irrigation. Xeriscaping is environmentally friendly
landscaping that uses indigenous and drought-tolerant plants, shrubs,
and groundcover.

   Other efficiency measures at HACSB include plumbing fixture
upgrades, programmable thermostats, and enrolling residents in an
income qualified rate program for electricity and natural gas provided
by the utility. The equipment installed will increase reliability,
improve resident comfort, and reduce the maintenance burden on HACSB
staff.

   Barbara Brown, Director of Business Development for NORESCO, said,
"HACSB has chosen an energy performance contract with NORESCO to help
reconcile the need for repairs, improvements, and new equipment with
tightening operating budgets. We are pleased to be a part of this
effort to improve housing for HACSB residents."

   The project will produce environmental benefits in addition to
cost control benefits. Expected annual emissions reductions of carbon
dioxide and other greenhouse gases and pollutants total 3.8 million
pounds per year. This is equivalent to removing 329 cars from the road
or planting 517 acres of trees.

   NORESCO is one of the largest U.S. energy service companies, with
a dedicated public housing group, specializing in the development,
design, construction, financing, and operation of energy and
environmental efficiency projects, performance contracting, and
central energy plants. Its clients include various departments of the
U.S. government, public housing agencies, school districts,
universities, state and local governments, and industrial and
commercial businesses. Over the past two decades, NORESCO has
implemented more than $2 billion in energy projects at more than 2,000
sites throughout the U.S. and abroad.

NORESCO, LLC
Angela Vincoli, 919-460-9220, ext. 32
Manager of Strategic Marketing and Communication
avincoli@noresco.com

Copyright Business Wire 2008