SourceOne Awarded Contract to Provide Energy Management Services to SouthCoast Electric Power Group
SourceOne to provide options to manage collective electricity spend of $10 million for group that includes the Cities of New Bedford, Fall River and nearly 30 companies
BOSTON--(BUSINESS WIRE)-- SourceOne, a nationally recognized energy consulting firm and a subsidiary of Veolia Energy North America, has been selected to perform energy advisory services for SouthCoast Electric Power Group (SCEPG), an aggregation comprised of the Cities of New Bedford, Fall River and nearly 30 private companies in the area. The contract was awarded to SourceOne after a competitive public request for proposal for energy consultant services. The SCEPG is comprised of over 800 separate accounts with an aggregate annual electricity load of roughly 150,000,000 kWh, representing an estimated annual budget of approximately $10 million.
"We are pleased to be working closely with SourceOne, and we selected them due to their proven energy expertise throughout the region and across the nation," said Roy M. Nascimento, IOM, President and CEO of the New Bedford Area Chamber of Commerce. "During these tough economic times, it is extremely beneficial to have experts to provide our group with the energy advisory services needed to help manage member costs over the next few years. We believe that our membership will benefit substantially from this partnership, providing greater access to competitive pricing along with valuable market guidance."
The scope of energy services provided by SourceOne will include development of pricing alternatives, contract negotiation with electricity suppliers, ongoing management of the supply relationship, and electricity market insight and forecasting. These services allow SCEPG members to have the information needed to make important electricity pricing decisions and to further reduce electricity costs.
"SourceOne is delighted to have been selected by SCEPG as its advisor and resource to help control the cost of electric supply for their members," said Chris Barros, P.E., Vice President and General Manager of Energy Management at SourceOne. "Municipalities as well as commercial and industrial customers are under increasing pressure to manage costs, and potential electricity cost reductions will have a positive impact to the bottom line. SourceOne is well suited to assist SCEPG by providing energy consulting services that will improve SCEPG member's financial health and environmental impact."
The SouthCoast Electric Power Group (SCEPG) has been in existence since 2002 and has an excellent track record of providing area members with benefits from the aggregation of their electricity spend. Using the buying power of the group, SCEPG members are able to maintain negotiating power that minimizes energy supplier margins and to access strong energy market consulting support on energy buying strategies.
SourceOne has established a successful energy consulting practice across the nation, providing a unique mix of energy services that are focused on complex energy conversion and reliability issues affecting energy users. The partnership with SCEPG will leverage SourceOne's extensive expertise in the economics of electricity supply and consumption.
A subsidiary of Veolia Energy North America, SourceOne is a nationally recognized energy management and strategic advisory services company, providing support to businesses who view energy as critical to their operations. SourceOne offers a strategic, customized approach to utilizing available resources, and generating new solutions. With offices in Boston, New York City, Los Angeles, Hartford and Philadelphia, SourceOne manages more than 1,100 megawatts (MW) of electric power, 30 bcf of natural gas, and $500 million of utility bill processing. Visit the company's Web site at: http://www.sourceone-energy.com/.
About Veolia Energy North America
Based in Boston, MA, Veolia Energy North America is a leading U.S. operator and developer of efficient energy solutions. Veolia Energy's district energy business operations represent the largest portfolio of efficient heating, cooling, and green steam networks in North America. Veolia Energy Solutions, the company's O&M and energy consulting business, operates and maintains energy infrastructure in industrial plants and within commercial buildings; designs, builds, operates and maintains socially responsible, local energy production assets such as combined heat and power (CHP) and renewable energy plants; and provides strategic advisory and engineering services through its SourceOne subsidiary. Visit the company's Web sites at www.veoliaenergyna.com and www.veolianorthamerica.com.
About Veolia Environnement
Veolia Environnement (Paris Euronext: VIE and NYSE: VE) is the worldwide reference in environmental solutions. The company has operations all around the world and provides tailored solutions to meet the needs of municipal and industrial customers in the complementary segments of water management, waste management, and energy management. Veolia Environnement recorded revenue of $38.8 billion in 2012 and was ranked second in the worldwide utilities sector in Newsweek magazine's Green Rankings 2012. www.veolia.com.
Veolia Energy North America
Rowan Sanders, 617-849-6656
KEYWORDS: United States North America Massachusetts
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