Media Contact: Scott Reigstad (608) 458-3145
Ten customers receive recognition for Shared Savings energy conservation efforts
MADISON, WI – April 14, 2009 – Wisconsin Power and Light (WPL), an Alliant Energy company, is pleased to recognize the outstanding energy efficiency and conservation efforts of ten customers, with presentation of the Shared Savings Award. The award winners partnered with WPL to gain significant energy-savings with the help of WPL’s Shared Savings program.
The Shared Savings Award winners include: Adams-Friendship Area School District; Corporate Contractors, Inc. (Beloit); City of Fond du Lac Public Works Department; Gardner Cold Storage (Pittsville); Green Lake Conference Center (Green Lake); Maier Farms (Waunakee); New Glarus Brewing Company (New Glarus); Plas-Tech Engineering (Lake Geneva); Sloan Implement Company (Monroe); and, UW-Baraboo/Sauk County.
“We applaud the energy-efficiency efforts of the Shared Savings Award winners and their strong commitment to being green organizations,” said Barbara Swan, President – Wisconsin Power and Light. “These educational institutions, government entities, farms and businesses are all very deserving of recognition for the steps they have taken to realize sustainable energy-savings within their day-to-day operations.”
Award winners are selected from participants in WPL’s Shared Savings energy efficiency financing program, who implemented energy-saving improvements resulting in considerable energy savings, demonstrated a unique application of energy-saving technologies or overcame significant barriers in carrying out their projects.
The ten award winners combined saved 9,950,033 kWh of electricity and 324,573 therms of natural gas via their most recent Shared Savings projects. The energy efficiency projects saved enough energy to power 995 homes, heat another 405 homes and remove the equivalent annual greenhouse gas emissions of 1,600 passenger vehicles.
Shared Savings offers industrial, commercial, agricultural and other business customers energy efficiency improvement identification and implementation assistance, bundled with low-cost capital financing for the purchase and installation of the improvements. The Shared Savings program is implemented through experienced WPL account managers and technical engineers who work closely with customers to evaluate energy-saving measures and determine the best energy efficient technologies for their specific business or process.
Shared Savings projects may be as simple as replacing lighting or as complex as completely redesigning a manufacturing process and upgrading or purchasing new equipment. Eligible customers can receive financing equal to 5 times the estimated annual energy dollar savings that result from use of the new, efficient equipment.
Customers repay WPL from their monthly energy dollar savings over a contract term, and continue to receive all the savings when the payments are complete. In many cases, the energy dollars saved result in a positive cash flow in excess of the cost of the Shared Savings payment.
In 2009, WPL’s Shared Savings program will provide up to $40 million in low-interest financing to help its commercial, industrial and agricultural customers “go green” and implement energy-saving measures. The program is one of the strongest and most-established energy-efficiency programs for business and farm utility customers in the Midwest. In 2006, it was recognized with the Midwest Energy Efficiency Alliance “Inspiring Efficiency Impact Award”.
For more information on WPL’s Shared Savings program, please visit: http://www.alliantenergy.com/sharedsavings