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Energy Service Companies (ESCOs)SEMPRA ENERGY SOLUTIONS
General information:Sempra Energy Services Company (SES) offers a broad suite of energy-related products and services to the public/institutional and government sectors. Energy efficiency services offered include design/build services; performance contracting; turnkey product management; and expertise in the federal, state, and municipal government environment. SES has been operating in Colorado since 1998.
Awards:SES has been honored for its work by ENERGY STAR®, the Association of Energy Engineers, Energy User News, the U.S. Department of Energy, and various state governments. Recent projects:Recent Colorado projects of note include a new design/build central plant, chillers, and boilers for the new campus of the University of Colorado Health Science Center at Fitzsimons in Aurora; a new cooling tower, lighting retrofits, and an energy management system for the Denver VA Hospital; and a chiller replacement in the central cooling plant at Fort Carson. Use of savings guarantees:SES’s performance contracts allow clients to make major facility upgrades without any up-front capital expenditures. If energy savings do not exceed total project cost, SES will make up the difference. Savings guarantee fees depend on the level of risk associated with the energy conservation measures implemented and the savings methodology adopted. Typically, SES guarantees savings at the level necessary to cover debt service, measurement and verification, and operations and maintenance costs. Customers are not required to purchase savings guarantees as part of any services to be provided. Financing options:SES uses a variety of financing mechanisms to finance projects, including tax-exempt Certificates of Participation (COPs), tax-exempt municipal leases, revenue bonds, and school bonds. Performance contract project financing has come from banks, insurance companies, trust funds, and third party investors. SES has placed tax-exempt municipal financing with Oppenheimer, Inc., Koch Financial Corporation, and GE Capital, and also finances taxable transactions with its lead bank third party investors. Typically, SES arranges tax-exempt municipal leases because this allows tax-exempt clients to receive a lower financing rate. Financing terms vary from project to project, with those for higher education, school districts, and state and local governments typically ranging from 10 to 20 years. Additional information:SES’s accreditation with the National Association of Energy Service Companies (NAESCO) was recently upgraded from Energy Service Company (ESCO) status to Energy Service Provider (ESP) status. In addition, SES has LEED Accredited ProfessionalsTM on staff with demonstrated experience in integrated design, and SES is a Business Partner in the U.S. Department of Energy’s Rebuild America Program.
For more information, visit www.sempraservices.com. |
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