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| State of Michigan to Save Over $30 Million through Facilities Improvements |
| By marketwatch.com |
| Published: 04/04/2012 |
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LANSING, Mich., April 4, 2012 /PRNewswire via COMTEX/ -- Building improvements and efficiency measures to reduce operating costs are nearly complete at the Parnall Correctional Facility as a result of the energy savings performance contract (ESPC) awarded to Energy Systems Group (ESG) last year. ESG has announced that the comprehensive energy infrastructure improvements, lighting retrofits, heating and cooling system upgrades, and water conservation measures implemented at the Parnall Correctional Facility will result in total life cycle savings of over $30 million. The ESPC project implemented by ESG equates to direct savings to Michigan taxpayers and presents several positive implications for the State of Michigan on the fronts of sustainability, strategic energy independence and reduced utility consumption. As a result of this innovative partnership, Parnall's utility costs will be reduced by about 40 percent and water consumption costs will be reduced by more than $2 million, over the 10-year term of the ESPC contract. ESG guarantees the savings will meet annual payments to cover the $12.89 million project costs. This project has also created jobs with more than 48,760 man hours for skilled construction workers. "Performance contracts may be one way to revolutionize how we manage our buildings in Michigan," commented State Representative Joe Haveman, who chairs the Department of Corrections Subcommittee of the Michigan House Appropriations Committee. "By leveraging private sector expertise, which is able to guarantee savings, we should be able to make our buildings more efficient without spending additional taxpayer funds. Reducing costs in the Department of Corrections and other departments is what reinventing Michigan is all about." Read More. |
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