Eight Utilities Seek To Increase Energy Efficiency Investment by $500 Million Annually

Clinton Global Initiative (CGI) announced today that eight utilities -- Con Edison, Duke Energy, Edison International, Great Plains Energy, Pepco Holdings, PNM Resources, Sierra Pacific Resources and Xcel Energy -- are committed to seeking regulatory reforms and approvals to increase their investment in energy efficiency by $500 million annually to about $1.5 billion annually.

The eight utilities, which represent nearly 20 million customers in 22 states, also committed to the creation of a national institute for electric efficiency to develop regulatory models and convene supporting conferences in the power sector. This institute would be formed within the Edison Electric Institute, which represents the nation's investor-owned electric utilities. The new institute is open to interested parties -- both domestic and international -- who share its commitment to energy efficiency. (See attached fact sheet.)

New emissions regulations, environmental concerns and the rising cost of fuel are making hybrid vehicles increasingly attractive to a growing number of businesses. The Work Truck Show® 2008 and 44th Annual National Truck Equipment Association (NTEA) Convention offer industry professionals the opportunity to check out the latest hybrid and alternative fuels technology developments, learn how to determine if hybrid vehicles are a good fit for their operations and take some of the existing hybrid commercial vehicles for a test drive.

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