This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Ferrellgas Helps Mesa Public Schools Launch Arizona's First Propane-Powered School Bus Fleet

Stocks in this article: FGP

OVERLAND PARK, Kan., Nov. 9, 2011 /PRNewswire/ -- Mesa Public Schools in Mesa, Ariz., has launched Arizona's first fleet of propane autogas-powered school buses through a partnership with Ferrellgas Partners, L.P. (NYSE:FGP), one of the nation's largest distributors of propane. Last week school officials took delivery of four buses that are powered by this clean-burning, domestic fuel. An additional 23 propane autogas-powered buses have been ordered.

"Transitioning our fleet to propane makes sense fiscally and environmentally, because propane autogas vehicles cost less to operate and produce fewer carbon and greenhouse gas emissions," said Ron Latko, transportation director for Mesa Public Schools. "Current economic conditions prompted us to look at our fuel options and, with a savings of approximately $2 per gallon, it was hard to ignore propane autogas. We're excited to introduce these new vehicles."

Increasingly, school districts across the country are turning to propane autogas as a means of running a more efficient bus system. Districts are reporting fuel cost savings of 40 percent or more compared to traditional fuels, as well as extended vehicle service life.

"Considering that Mesa Public Schools' bus fleet covers an average of 6.2 million miles per year, a fuel cost savings of $2 per gallon makes a significant impact on the district's bottom line," said George Koloroutis, president of Ferrell North America and senior vice president of Ferrellgas. "We applaud the steps they have taken to help reduce greenhouse gas emissions and help lessen our nation's reliance on foreign oil by incorporating these green vehicles into their fleet."

As an approved alternative fuel under the Clean Air Act of 1990, federal tax incentives are available through 2011 for new propane autogas-powered vehicles, vehicles converted to propane autogas, and alternative fuel infrastructure. Many states also offer additional incentives.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 18,030.21 +6.04 0.03%
S&P 500 2,081.88 -0.29 -0.01%
NASDAQ 4,773.4720 +8.0480 0.17%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs