Press Release Details

SEAL BEACH, Calif., Nov 07, 2008 (BUSINESS WIRE) -- The Regional Transportation Commission of Southern Nevada (RTC) has agreed to transfer ownership of five existing Las Vegas compressed natural gas (CNG) public access fueling stations to Clean Energy Fuels Corp. (Nasdaq:CLNE), pending Clean Energy entering into lease agreements with the landowners at the sites of the five stations. In addition to station ownership, Clean Energy will assume management and maintenance responsibilities for the stations, which can serve growing numbers of CNG-powered municipal fleet vehicles, airport and hotel shuttle vans, limousines, taxis and passenger cars. Clean Energy has entered into a lease agreement with respect to the owner of three of the stations.

"The acquisition of this strategically situated network of five CNG stations--offering convenient access 24/7--will allow us to serve the large limousine, shuttle and taxi markets, along with the growing municipal fleets that include a broad range of light to medium-duty CNG-powered vehicles," said James Harger, Senior Vice President, Clean Energy.

"Las Vegas is an excellent CNG vehicle market because it is relatively small geographically, and much of the traffic is concentrated in the resort corridor and adjacent airport area, making fuel station access very convenient," Harger said.

"Air quality is compromised in Las Vegas and the opportunity for the city to shift more vehicles of all types to natural gas with the geography and fueling infrastructure in place can make it one of the first natural gas vehicle cities in the nation," Harger added. "The favorable cost differential between natural gas and conventional fuels adds even more value for private fleets and consumers."

Clean Energy's acquisition of RTC's public access fuel station network complements RTC's April 2008 contract award to Clean Energy to operate and maintain two RTC transit fueling stations in Las Vegas. RTC is both the transit authority and the transportation-planning agency for Southern Nevada. The two RTC transit stations currently fuel more than 50 CNG buses and paratransit buses serving the greater Las Vegas region. A total of 45 additional new CNG buses are on order for delivery in early 2009. When fully deployed, the total resulting incremental sales at the transit stations will be 1.5 million gasoline gallon equivalents annually.

Clean Energy 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 del Peru, Clean Energy's Peruvian joint venture, operates the world's largest natural gas fueling station in Lima, Peru. Information at: 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 the growth of the CNG vehicle fueling market in Las Vegas, Clean Energy successfully entering into long-term lease agreements with the landowners at the sites of the five public stations and the actual timing of deployment of new CNG buses at the RTC transit stations. 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

Clean Energy 
News Media 
Christine Thomas, 310-559-4955 x103 
cthomas@cleanenergyfuels.com 
or 
Investors 
Ina McGuinness, 310-954-1100

Copyright Business Wire 2008

News Provided by COMTEX