Chevron Energy Solutions, Oceanic Time Warner Cable, Tioga Energy Announce Largest Solar Canopy Project on Oahu
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HONOLULU, Dec. 14, 2010 - Chevron Energy Solutions, a unit of Chevron Corporation (NYSE: CVX), Oceanic Time Warner Cable and Tioga Energy announced today the groundbreaking for a 856-kilowatt solar system at Oceanic's Mililani Tech Park. The project is the largest solar canopy project on Oahu.
"We're excited to work with Chevron Energy Solutions and Tioga Energy to incorporate sustainability into the way we do business. The savings we expect to generate in the years to follow ensure our company's stability in the market, and our ability to provide quality service to our customers," said Norman Santos, vice president of operations for Oceanic Time Warner Cable.
Chevron Energy Solutions designed, engineered and will construct the solar project that includes solar photovoltaic panels on two buildings and parking canopies. Tioga Energy will finance, own and operate the system, selling the generated electricity to Oceanic Time Warner Cable over the next 20 years.
"We are pleased to work with Oceanic Time Warner Cable and Tioga Energy to demonstrate how companies can use renewable power," said Jim Davis, president of Chevron Energy Solutions. "This project is a great example of how companies are helping the State of Hawaii meet its clean energy goals."
By reducing the purchase of utility power, the project is expected to reduce carbon emissions equivalent to the carbon sequestered annually by more than 225 acres of trees. Under the Hawaii Clean Energy Initiative, the state is transforming 70 percent of its power to clean energy by 2030. The rooftop solar installation on Oceanic's new annex building at Mililani Tech Park is expected to help the company achieve LEED Gold for this building. The project is expected to be completed in the first quarter of 2011.
"We are pleased to be working with a world-class partner like Chevron Energy Solutions to deliver a turnkey solar solution to Oceanic Time Warner Cable, enabling the company to demonstrate its commitment to sustainability while saving money from day one," said Paul Detering, CEO of Tioga Energy. "We look forward to working with these organizations as this project comes to fruition."
An event is being held today at Oceanic's Mililani Tech Park to celebrate the start of construction. Attendees expected to attend include community members and business officials.
About Chevron Energy Solutions
Chevron Energy Solutions develops and builds sustainable energy projects that increase energy efficiency and renewable power, reduce energy costs, and ensure reliable, high-quality energy for government, education and business facilities. Since 2000, the company has developed hundreds of projects that are saving customers in aggregate more than $1 billion and reducing carbon emissions by more than 3 million metric tons. Its parent, Chevron Corporation, is investing across the energy spectrum to develop energy sources for future generations by expanding the capabilities of alternative and renewable energy technologies. Chevron spent approximately $3.2 billion on developing these technologies since 2002, and expects to spend more than $2.7 billion in this area between 2009 and 2011. For more information, please visit www.chevronenergy.com or www.chevron.com.
About Oceanic Time Warner Cable
Since 1969, Hawaii residents have relied on Oceanic for quality cable service. Today, Oceanic operates one of the most technically-advanced and innovative systems in the industry. As an industry leader, Oceanic proactively invests in state-of-the-art network infrastructure and is at the forefront in providing new subscriber services. Nearly every household and business statewide has access to cable service. Over 200,000 homes statewide are connected to the Internet with high-speed cable modems through Oceanic's fiber coax hybrid signal delivery system. As the flagship of Time Warner Cable in Hawaii, Oceanic provides a diverse selection of entertainment and information services to nearly 350,000 households, schools and businesses. For more information, please visit www.oceanic.com.
About Tioga Energy
Tioga Energy enables commercial, government and non-profit organizations to reduce their energy costs while lowering carbon emissions. Through the SurePath(TM) Solar power purchase agreement (PPA), Tioga Energy owns and operates renewable energy systems that provide organizations a hedge against energy price volatility and accelerate their access to clean energy without any capital outlay. For more information call 877.333.9787 or visit: www.tiogaenergy.com.
Contacts:
Juliet Don,
Chevron Energy Solutions,
415.733.4673
Norman Santos,
Oceanic Time Warner Cable,
808.625.8341
Kimberly Setliff,
Antenna Group for Tioga Energy,
415.977.1942
SOURCE Chevron Energy Solutions; Oceanic Time Warner Cable; Tioga Energy
Web Site: www.oceanic.com
