Leading energy management firm secures three-year contract to reduce SEPTA’s utilities and fuel costs

Company Website: http://www.veoliaenergyna.com
BOSTON -- (Business Wire)

SourceOne, a nationally recognized energy services consultancy and a subsidiary of Veolia Energy North America, is pleased to announce that it has been awarded a three-year contract to provide guidance and support for electricity and natural gas procurement for the Southeastern Pennsylvania Transportation Authority (SEPTA),the nation’s sixth largest public transit organization. The contract was awarded to SourceOne after a competitive public request for proposal for energy consultant services.

“This collaborative effort with SourceOne is part of SEPTA’s commitment to providing the most efficient and cost-effective services to our customers,” said Frank Gormley, SEPTA’s Operating Budget Director. “We are enthusiastic about our partnership with SourceOne and look forward to a relationship that should further reduce our carbon footprint and reduce utility costs. We see this work as a critical part of our efforts to better service the communities we work in, and the passengers who rely on us for transportation.”

As part of the agreement, SourceOne will provide recommendations on the best practices for energy management to one of the country’s oldest transportation systems, dating back to the deployment of electric trolleys in 1892. SourceOne will work with SEPTA to assist and advise staff on strategies for the purchase and management of all SEPTA utilities, including natural gas, water and sewer (including all storm water issues), electricity, heating oil, and propane. Additionally, SourceOne will evaluate renewable energy credit markets to be used to determine the viability of pursuing different alternative energy projects as required.

“SourceOne is looking forward to partnering with SEPTA to identify cost-effective, energy efficient solutions and to implement them widely for its systems,” said Vincent Martin, President of SourceOne. “As one of the largest transportation organizations in the country, servicing over 2,200 square miles in Bucks, Chester, Delaware, Montgomery and Philadelphia counties, SEPTA is making both a significant impact in improving the region’s environmental sustainability, while demonstrating real leadership to other major transit agencies and to organizations throughout the country.”

SourceOne has established a successful track record across the nation, providing a unique mix of energy services that are focused on efficiency, cost-effectiveness and reliability. The SEPTA project will leverage SourceOne’s extensive expertise in the economics of power delivery and consumption, and water and sewer utilities.

About SourceOne

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, offering a strategic, customized approach to utilizing available resources, and generating new solutions. With offices in Boston, New York City, Los Angeles, Philadelphia, Hartford and Chicago SourceOne manages more than 900 megawatts (MW) of electric power, 4 bcf of natural gas, and $500 million of utility bill processing. Visit the company’s website at: 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 energy efficient solutions. The company is part of the Veolia Environnement companies in North America. 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 energy management, water management, and waste management. Veolia Environnement recorded revenue of $38.4 billion in 2011. www.veolia.com.

Contacts:

Veolia Energy North America
Rowan Sanders, 617-849-6656
rsanders@veoliaenergyna.com

Source: Veolia Energy North America