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Lockheed Martin Managing Con Edison Commercial And Industrial Energy Efficiency Programs

Stocks in this article: ED LMT

NEW YORK, March 7, 2011 /PRNewswire/ -- Lockheed Martin (NYSE: LMT) has been selected to implement and manage the Con Edison (NYSE: ED) Commercial and Industrial (C&I) Energy Efficiency Programs. The program provides cash rebates and incentives aimed at significantly reducing gas and electric usage by the utility's commercial and industrial customers.  

The program, which was launched last fall, has made significant progress in energy efficiency upgrades that help Con Edison's C&I customers reduce their energy consumption, save money, improve productivity and become more competitive while helping to reduce their carbon footprint on the environment.

"Within the first few months we've received over 250 project applications, accounting for nearly 23,500,000 kilowatt hours and 460,000 therms savings and almost $3,000,000 in rebates and incentives for our commercial and industrial customers," said David Pospisil, Con Edison C&I Program Manager. "This program is designed to save our commercial and industrial customers money while at the same time reducing energy consumption, greenhouse gas emissions and waste."

The Con Edison C&I Energy Efficiency Team, which includes more than 200 market partners, promotes the program to Con Edison commercial and industrial customers in New York City and Westchester County. Con Edison has four C&I programs which provide rebates and incentives for energy efficient gas and electric equipment upgrades, such as facility lighting and heating systems, energy management systems and energy efficiency technical studies.

Lockheed Martin's responsibilities include managing customer outreach, monitoring and validating results, and managing program rebates and incentives for all projects.  

"Lockheed Martin is a leading provider of energy efficiency programs for utility and commercial customers across the country," said Roger Flanagan, Director, Lockheed Martin Energy Services. "Our mission is to partner with customers and invest our talent in clean, secure and smart energy and this program directly aligns with our expertise."

In addition to energy efficiency projects, Lockheed Martin is working with its customers to address the nation's challenges in the areas of cyber security, energy efficiency, management and storage, next-generation alternative energy generation and climate monitoring.

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