City of Glendale, CA Contracts with Clean Energy to Build, Operate New CNG Fueling Station to Support Growing Municipal Fleets, Serve Surrounding Communities
SEAL BEACH, Calif., Dec 01, 2008 (BUSINESS WIRE) --
The City of Glendale, California has awarded a 10-year contract to Clean Energy Fuels Corp. (Nasdaq:CLNE) to build, operate and maintain a new large-scale public access compressed natural gas (CNG) station to support the City's CNG vehicle fleets and serve surrounding communities.
The planned Clean Energy-owned facility is designed to serve a range of light, medium and heavy-duty vehicles, including public transit buses, municipal vehicles, refuse hauling trucks, taxis, shared-ride shuttle buses and passenger cars. The station, located near Bob Hope Airport, will serve more than 30 Beeline Transit buses and a growing fleet of residential refuse trucks operated by the City. It is also a strategic location for taxis that operate between the San Fernando Valley, including Bob Hope Airport, and downtown Los Angeles.
James Harger, Clean Energy's Senior Vice President, said, "For many years the City of Glendale has been a dedicated user of clean-burning natural gas fuel, as evidenced by its extensive fleet of CNG-powered transit buses, refuse trucks, street sweepers and light-duty municipal vehicles. The City's level of commitment continues to expand, as evidenced by the City's recent announcement that it plans to replace its entire fleet of diesel refuse trucks with CNG-powered models over the next five years, a move which will contribute significantly to boosting local efforts to curtail air pollution and greenhouse gas emissions."
When the City completes its program to replace all of its diesel-powered fleet vehicles with CNG vehicles, the City of Glendale Clean Energy station is expected to dispense more than 800,000 gallons of fuel annually.
Clean Energy (Nasdaq:CLNE) is the leading provider of natural gas (CNG and LNG) for transportation in North America. It has a broad customer base in the refuse, transit, ports, shuttle, taxi, trucking, airport and municipal fleet markets, fueling more than 14,000 vehicles daily at over 170 strategic locations across the United States and Canada. Clean Energy owns and operates two LNG production plants, one in Willis, TX and one in Boron, CA, with combined capacity of 260,000 LNG gallons per day and designed to expand to 340,000 LNG gallons per day as demand increases. It also owns and operates a landfill gas facility in Dallas, TX that produces renewable methane gas or biogas for delivery in the nation's gas pipeline network. Please visit www.cleanenergyfuels.com
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. Actual results and the timing of events could differ materially from those anticipated in these forward-looking statements, including statements made about the growth of CNG fleets that fuel at the Glendale station and CNG fuel consumption at the Glendale station. 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.
SOURCE: Clean Energy Fuels Corp.
Clean Energy Fuels Corp.
News Media:
Christine Thomas, 310/559-4955 x103
cthomas@cleanenergyfuels.com
or
Investors:
Ina McGuinness, 310/954-1100
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