Pepco Holdings Awards Lockheed Martin Contract for Commercial Conservation Programs
Thursday, September 24, 2009
Green Energy Efficiency Programs to Provide Incentives and Savings in Maryland
SALISBURY , Md. – Pepco Holdings, Inc., the parent company of Delmarva Power, has awarded Lockheed Martin a contract to run four energy efficiency and conservation programs for the utility’s non-residential customers in Maryland. Also known as “demand side management,” the programs are part of Delmarva Power’s Blueprint for the Future, a plan to help meet the nation's energy and environmental challenges through a combination of energy efficiency and new environmentally green technologies.
Under the contract, Lockheed Martin will encourage Delmarva Power’s commercial, governmental and industrial customers as well as builder/developers, and trade allies to identify and implement energy reduction opportunities related to building performance.
The Prescriptive Rebate Program, Custom Incentive Program, HVAC Efficiency Program, and Building Commissioning and Operations & Maintenance Program are designed to encourage the use of cost-effective, energy efficient products and design practices during new construction, renovations, remodels, and equipment replacement events. Business customers can earn cash incentives for the completion of approved energy efficiency projects. For more information on these programs, visit www.delmarva.com/business or, contact Lockheed Martin at 301-519-5384.
“Delmarva Power supports Governor Martin O’Malley’s EmPOWER Maryland initiative to reduce energy consumption in the state by 15 percent by 2015,” said Gary Stockbridge, Delmarva Power Regional President. “These programs will encourage electrical, mechanical, and lighting systems improvements, and employ best practices for new commercial construction, as well as improve building operation and maintenance practices.”
Pepco Holdings, Inc. (NYSE: POM) is one of the largest energy delivery companies in the Mid-Atlantic region, serving about 1.9 million customers in Delaware, the District of Columbia, Maryland and New Jersey . PHI subsidiaries Pepco, Delmarva Power and Atlantic City Electric provide regulated electricity service; Delmarva Power also provides natural gas service. PHI provides competitive wholesale generation services through Conectiv Energy and retail energy products and services through Pepco Energy Services.For Lockheed Martin Investors: This release contains forward-looking statements that are made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934. The forward looking statements in this release are not and do not constitute historical facts, do not constitute guarantees of future performance and are based on numerous assumptions that, while believed to be reasonable, may not prove to be accurate. These forward looking statements include projected contracted revenues, projected generated megawatts, the anticipated success of certain new technology, market penetration, and program success and assumptions upon which the forward-looking statements are based. The forward-looking statements in this release do not constitute guarantees of future performance and involve a number of factors that could cause actual results to differ materially, including risks associated with Lockheed Martin's business involving our products, the development and distribution of our products and related services, regulatory changes, economic and competitive factors, our key strategic relationships, and other risks more fully described in our most recently filed Quarterly Report on Form 10-Q and Annual Report on Form 10-K. Lockheed Martin assumes no obligation to update any forward-looking information contained in this press release or with respect to the announcements described herein