ProLogis Announces First U.S. Roof Lease to Southern California Edison for 2.2 Megawatt...

ProLogis Announces First U.S. Roof Lease to Southern California Edison for 2.2
Megawatt Solar Panel Installation
- The Utility Will Partner With ProLogis to Use 607,000 Square Feet of Roof
Space and Generate Renewable Energy With a Solar Panel Array -

DENVER, March 27 /PRNewswire-FirstCall/ -- ProLogis (NYSE: PLD), the
world's largest owner, manager and developer of distribution facilities,
announced today that it has entered into an agreement to lease roof space to
Southern California Edison (SCE), the largest electric utility in California,
as a part of the utility's new solar power program.
(Photo: http://www.newscom.com/cgi-bin/prnh/20080327/LATH005)
In the initial phase of this program, the utility will lease
607,000 square feet of roof space at ProLogis' Kaiser Distribution Park in
Fontana, California. The area will be used to install and maintain solar
panels with the potential to generate enough electricity to power
1,426 households for one year. At the conclusion of the start-up phase, which
will include five to 10 additional installations and is expected to be
completed by the end of 2008, the utility will launch its full renewable
energy project, aiming to complete 50 megawatts (MW) of solar panel
installations each year for a total of 250 MW -- the largest U.S. facility of
its kind. Each individual installation is expected to comprise one to two
megawatts.
"This project has the potential to become a breakthrough solar energy
program," said Jeffrey H. Schwartz, ProLogis chairman and chief executive
officer. "We are thrilled to partner with SCE on their first rooftop solar
installation and look forward to providing additional roof space as the
project gains momentum, which will in turn support our own sustainability
goals and leverage existing assets."
All energy harnessed from the installation will flow into the neighboring
electrical grid and help meet Southern California's energy needs. As the
largest industrial owner and developer in Southern California, ProLogis has
the capability to support SCE's ongoing requirements and will help to fulfill
the program's need for vast amounts of roof space -- the company owns
180 distribution facilities in SCE's territory comprising more than 41 million
square feet, the majority of which are eligible for SCE's program.
ProLogis also has a total of one megawatt of solar panel projects
installed or under development in Europe. At ProLogis Park Chanteloup in
France the company has installed roof-mounted solar panels, generating
electricity that is incorporated back into the local French utility power
grid. In Spain, at ProLogis Park Penedes, the company installed
state-of-the-art, amorphous silicon solar panels that produce electricity
using a wider spectrum of light than traditional crystalline technology, thus
enabling maximum output.
"Our experience to date in France and Spain has shown that we can
effectively use rooftop solar panels to generate environmentally conscious,
renewable energy, meeting the needs of local communities while also enhancing
the return on investment from our properties," said Jack Rizzo, managing
director of global construction at ProLogis. "Our agreement with SCE is the
first of its kind in the United States and lays the groundwork for similar
programs throughout the country. With more than 500 million square feet of
roof space worldwide, we see continued potential in harnessing the power of
solar energy from our rooftops."
About Southern California Edison
An Edison International (NYSE: EIX) company, Southern California Edison is
the nation's largest electric utility in California, serving a population of
more than 13 million via 4.8 million customer accounts in a 50,000-square-mile
service area within Central, Coastal and Southern California. The utility
leads the nation in renewable power delivery, procuring about 12.5 billion
kilowatt-hours of renewable energy per year.
About ProLogis
ProLogis is the world's largest owner, manager and developer of
distribution facilities, with operations in 118 markets across North America,
Europe and Asia. The company has $36.3 billion of assets owned, managed and
under development, comprising 510.2 million square feet (47.4 million square
meters) in 2,773 properties as of December 31, 2007. ProLogis' customers
include manufacturers, retailers, transportation companies, third-party
logistics providers and other enterprises with large-scale distribution needs.
Headquartered in Denver, Colorado, ProLogis employs more than 1,500 people
worldwide. For additional information about the company, go to
http://www.prologis.com.
SOURCE ProLogis

media, Mo Sheahan of ProLogis, +1-303-567-5434, msheahan@prologis.com; or
Suzanne Dawson of Linden Alschuler & Kaplan, Inc., +1-212-329-1420,
sdawson@lakpr.com, for ProLogis; or investors, Melissa Marsden of ProLogis,
+1-303-567-5622, mmarsden@prologis.com