Pepco Energy Services, a subsidiary of Pepco Holdings, has announced that it has been selected by the Golden, Colorado Contracting Office of the US Department of Energy for the award of a $5 billion master indefinite delivery, indefinite quantity energy savings performance contract.
According to Pepco Energy Services, energy savings performance contracts (ESPCs) allow federal agencies to accomplish energy projects for their facilities both nationally and internationally without up-front capital costs. The contract also contains an option for two three-year extensions for a potential 11-year contract, if both options are exercised.
ESPC projects implemented under this indefinite delivery, indefinite quantity (IDIQ) contract will become a partnership between the federal government and Pepco Energy Services, which conducts energy audits and identifies improvements that will save energy at government facilities, said the company.
In consultation with agency customers, Pepco Energy Services designs and constructs projects that meet the agency’s needs and arranges financing to pay for it.
Pepco Energy Services, a wholly owned subsidiary of Pepco Holdings, provides commercial, institutional, government and industrial customers with electricity and natural gas supply and energy efficiency services. Pepco Energy Services, is not the same company as Potomac Electric Power Company, and prices and services of Pepco Energy Services, are not set by the Public Service Commission.