ATLANTA--(BUSINESS WIRE)--
PS
Energy Group, Inc. is pumping up the supply of a cleaner, cheaper
alternative fuel for fleets and vehicles by working with Clean
Energy Fuels Corp., the company founded by Boone Pickens.
Clean Energy has signed a 15-year agreement to develop and operate
compressed natural gas (CNG) facilities at PS Energy Group's metro
Atlantafueling
stations or Unattended Fuel Outlets (UFO). Clean Energy will
increase dispensing capacity of CNG at the Whitehall Street site in
downtown Atlanta and add CNG facilities at the East Point, Lithonia and
Tucker, Ga. locations. By fall 2011, fleets and individuals with CNG
vehicles will be able to fill up at any time at any of these
computerized fueling stations.
"By expanding the availability of compressed natural gas at PS Energy
Group's fueling stations, we encourage individuals and fleets to reduce
their petroleum consumption and impact on the environment by switching
to cleaner, alternative fuels," said Livia Whisenhunt, president, CEO
and founder of PS Energy Group.
This project is part of the $39.5 millionClean
Cities Atlanta Petroleum Reduction Program, a local public/private
partnership co-funded by the U.S. Department of Energy's National Clean
Cities Initiative to support clean fuels, vehicles and infrastructure
development to improve fuel economy and air quality in metro Atlanta.
Clean Cities supports local decisions to reduce petroleum consumption in
the transportation sector through the use of alternative fuels, advanced
technology vehicles and fuel economy measures.
"Clean Energy is working with PS Energy Group to respond to the growing
demand for CNG by fleets powered by clean-burning, natural gas," said
James Harger, chief marketing officer of Clean Energy. Construction is
projected to begin in second quarter 2011 at PS Energy Group's fueling
stations.
About PS
Energy Group, Inc.
Founded in 1985, PS Energy Group, Inc. (www.psenergy.com)
is a privately-owned, Atlanta-based company that offers business,
industry and government a full range of energy and transportation
solutions. As one of the nation's top 38 diversity-owned businesses and
the nation's 3rd largest Hispanic-owned company, PS Energy
Group provides transportation fuels, emergency fueling and fleet
management services, including etracTM,
a telematics solution that helps improve productivity, profitability and
the quality of the environment through better asset monitoring and
vehicle tracking.
About Clean
Energy
Clean Energy (NASDAQ: CLNE) (www.cleanenergyfuels.com)
is the largest provider of natural gas fuel for transportation in North
America and a global leader in the expanding natural gas vehicle market.
It has operations in CNG and LNG vehicle fueling, construction and
operation of CNG and LNG fueling stations, biomethane production,
vehicle conversion and compressor technology. Clean Energy fuels over
21,200 vehicles at 224 strategic locations across the United States and
Canada with a broad customer base in the refuse, transit, trucking,
shuttle, taxi, airport and municipal fleet markets.
Clean Energy Forward Looking Statements — This news release contains
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange Act of
1934 that involve risks, uncertainties and assumptions, including
statements about the timing of station improvements and additional
station capacity. Actual results and the timing of events could differ
materially from those anticipated in these forward-looking statements as
a result of several factors, including permitting and construction
delays or delays in the manufacturing of critical equipment. The
forward-looking statements made herein speak only as of the date of this
press release and the company undertakes no obligation to publicly
update such forward-looking statements to reflect subsequent events or
circumstances.
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Media Contacts:
PS Energy
Group, Inc.
Phyllis Weiss, 404-873-6095
weiss@weiss-communications.com
or
Clean
Energy/Media
Bruce Russell, 310-559-4955, x 101
brussell@cleanenergyfuels.com
or
Clean
Energy/Investors
Ina McGuinness, 805-427-1372
ina@mcguinnessir.com
Source: Clean Energy Fuels Corp.
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