City Of Santa Monica And Commonwealth Energy Sign Deal For Green Power
TUSTIN, CA — May 19, 1999 — Officials from Commonwealth Energy announced that the contract between the City of Santa Monica and Commonwealth Energy for green power has officially been executed.
The contract calls for Commonwealth Energy to supply power to all of Santa Monica's facilities including the Santa Monica airport, City Hall and the Santa Monica Pier. The city's electricity bills are estimated to be $2.2 million annually. Santa Monica is now the first city in the United States to purchase 100% renewable energy for it's own facilities.
In March, the Santa Monica City Council awarded Commonwealth Energy the bid to provide its green power. Following the decision, legal papers were drafted and the final contract was approved last Wednesday and signed Thursday morning at Santa Monica City Hall.
"Commonwealth Energy is proud to be a part of this monumental event. We are excited about the opportunity to work with such a forward-thinking city like Santa Monica and we hope that other cities will follow suit and realize the environmental benefits associated with choosing green power," said Fred Bloom, CEO of Commonwealth Energy.
The power for Santa Monica will come from Calpine's geothermal plants located in Northern California until May 2000. After May 2000, "new" renewable geothermal power from Cal Energy's Salton Sea plant will be brought on line by Commonwealth to serve Santa Monica's load. The city's electricity demand at peak load totals five megawatts.
Commonwealth will begin a community-wide program to encourage residents and businesses of Santa Monica to select green power. The company also looks to open a local office in Santa Monica by the end of this summer.
Commonwealth Energy Corporation is licensed by the Federal Regulatory Commission as a power marketer and registered with the California Public Utilities Commission as an energy service provider (Lic. #1092). The company is also Green-e certified and registered as a renewable energy provider by the California Energy Commission. With headquarters in Tustin, California, Commonwealth Energy is a privately owned company delivering electricity to over 50,000 end-users in California. The company also provides energy efficiency products and performance contracting services. Annual revenues for fiscal year 1999 are expected to exceed $50 million. For more information visit electricamerica.com.
Commonwealth Energy Contact: Brian Gale (714) 259-2547
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