Clean Energy to Fuel Brookhaven, NY Municipal Waste Fleet
SEAL BEACH, Calif., May 12, 2008 (BUSINESS WIRE) -- Clean Energy Fuels Corp. (Nasdaq:CLNE) has been awarded the contract by the Town of Brookhaven, New York, to build and operate a compressed natural gas (CNG) fueling station and provide CNG fuel for more than 75 waste trucks serving the town's 117,000 homes.
"Brookhaven becomes the newest municipality on Long Island to adopt a clean waste management strategy by requiring the use of CNG trucks by its carters," said Andrew J. Littlefair, Clean Energy President and Chief Executive Officer. "We are pleased to assist Brookhaven implement its health and environmental goals for its citizens, and also to reduce costs over time through the use of less expensive natural gas fuel."
The term of the contract is for 10 years with two five-year renewal options and includes preferential fuel prices for the town and for 13 contracted refuse and recycling collection carters for seven years. The station will be built on a 1.25-acre site at the town's landfill. Fueling is scheduled to begin on January 1, 2009.
"This is another huge step forward in our efforts to significantly enhance the quality of life of Brookhaven residents. These trucks are quieter, cleaner, and vastly less polluting than the diesel trucks they replace," noted Brian Foley, Brookhaven Town Supervisor. "Refuse collection and disposal is a $100 million-plus 'business' for Brookhaven Town. Our new agreements with Clean Energy, National Grid, and our carters mean we're declaring an important environmental dividend for our citizens with no appreciable additional investment on the part of the Town."
Brookhaven estimates that this initiative over the first seven years will displace 4.9 million gallons of imported diesel fuel, reduce nitrogen oxide emissions by 304 tons and particulate matter by 12 tons, and reduce greenhouse gases by over 20%.
The natural gas used to make CNG will be supplied to the station by the regional gas utility, National Grid (KeySpan), which will provide a new pipeline extension to the fueling station site in order to deliver the volume of gas required for the trucks.
"National Grid applauds Brookhaven Town Supervisor, Brian Foley, for his leadership role in reducing emissions on Long Island," said Tom King, President of National Grid's US Business. "Conversion of 75 trucks to compressed natural gas will displace 700,000 gallons of diesel fuel per year. Not only does this contribute to better air quality for the residents of Brookhaven but it will mean a reduction in noise pollution. National Grid is proud to help Brookhaven tackle climate change in a tremendous example of 'The Power of Action'."
About Clean Energy
Clean Energy, based in Seal Beach, Calif., 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, regional trucking, airport and municipal fleet markets, fueling more than 14,000 vehicles daily at strategic locations across the United States and Canada. Information at: www.cleanenergyfuels.com.
About Brookhaven Town
Larger in area than Nassau County and with a population of 483,000, Brookhaven is New York State's second largest township. Home of the State University of New York's Stony Brook University and Medical Center, the world renowned Brookhaven National Laboratory, and most developable acreage found on Long Island, Brookhaven has enjoyed robust economic growth attracting specialty manufacturing, high-technology, and service businesses, even as other areas have struggled. To find out more about Brookhaven click on www.brookhaven.org.
About National Grid
National Grid is an international energy delivery company. In the U.S., National Grid delivers electricity to approximately 3.3 million customers in Massachusetts, New Hampshire, New York and Rhode Island, and manages the electricity network on Long Island under an agreement with the Long Island Power Authority. National Grid is the largest power producer in New York State, owning 6,650 megawatts of electricity generation that provides power to over one million LIPA customers and supplies roughly a quarter of New York City's electricity needs. It is also the largest distributor of natural gas in the northeastern U.S., serving approximately 3.4 million customers in New York, Massachusetts, New Hampshire and Rhode Island.
Clean Energy -- Forward-Looking Statements
This news release from Clean Energy 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 the number of natural gas trucks that will use the Brookhaven fueling station and the anticipated date that fueling will begin at the 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 Media Bruce Russell, 310-559-4955, ext. 101 brussell@cleanenergyfuels.com or Investors Ina McGuinness/John Mills, 310-954-1100 or Brookhaven Tom Burke, 631-451-6595, 631-872-0171 tburke@brookhaven.org or National Grid Diana Parisi, 516-545-2495 diana.parisi@us.ngrid.com
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