Cinergy (NYSE:CIN)
Historical Stock Chart
From Sep 2019 to Sep 2024
Initiative to Save City Over $1.3 Million Cdn
($1.1 Million USD) Annually on Energy Costs
Cinergy Solutions, a North American energy solutions company, has
been contracted by the City of Toronto to implement new energy
efficiency measures in public arenas that will reduce Greenhouse Gas
Emissions and deliver annual energy savings of approximately
$1,347,000 Cdn ($1.1 million USD).
This initiative is a cross-divisional effort involving the Energy
and Waste Management Office in Facilities and Real Estate, and Parks,
Forestry and Recreation. The arena retrofits project is part of the
Energy Retrofit Program that was approved by Toronto City Council in
2004. The retrofit program was created by the City to reduce building
operating costs and deliver environmental benefits.
As part of the arena retrofits project, Cinergy Solutions will
implement facility improvements at over 100 City owned arenas and
recreation complexes that include 126 indoor and outdoor ice pads. The
improvements will include building automation systems, lighting
retrofits; heat recovery systems; heating ventilation and air
conditioning upgrades; building air sealing; low emissivity ceilings;
brine header insulation; power factor correction equipment; and solar
water heating systems.
"The City of Toronto is continually striving to improve energy
efficiency. We are very impressed with the City's dedication to the
environment - their values and leadership reflect our own commitment
to sustainability and an energy efficient economy," said Steve
Harkness, President of Cinergy Solutions.
About Cinergy Solutions
Cinergy Solutions, an affiliate of Cinergy Corp. (NYSE:CIN), one
of the largest diversified energy companies in North America,
currently manages over 5,350 MWs of power generation and offers a
complete range of energy solutions from on-site supply and energy
conservation to renewable energy and maintenance of high-voltage
electric and gas infrastructure. Cinergy Solutions' award-winning team
of energy demand management specialists provides one of the top energy
use reduction, design-build services in North America providing
energy-efficiency design, engineering, construction and
facility-management services to commercial, municipal, institutional
and industrial clients. Delivering innovative facilities solutions
that immediately improve facility performance, Cinergy Solutions'
design-build experts rejuvenate existing buildings that cost less to
operate while reducing impact on the environment. With extensive
experience in energy-related services and a strong reputation for both
specific and comprehensive projects, Cinergy Solutions has ready
access to a wealth of resources and expertise across North America.