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
TheStreet Open House

Honeywell And Tinker Air Force Base Launch Landmark Efficiency Project

Stocks in this article: HON

MINNEAPOLIS, Oct. 30, 2012 /PRNewswire/ -- Honeywell (NYSE:HON) today announced an $80.6-million energy efficiency project for the U.S. Air Force that will improve operations and cut utility costs at Tinker Air Force Base (AFB) near Oklahoma City, Okla. The project is the Air Force's largest domestic energy retrofit funded through guaranteed savings to date. And, combined with previous Honeywell-led improvements and other on-base initiatives, it will help Tinker meet the mandated 30 percent energy reduction goal defined by Presidential Executive Order 13514. It should also remove Tinker from atop the list of the most energy-intensive Air Force bases.

(Logo: http://photos.prnewswire.com/prnh/20071030/AQTU029LOGO)

The upgrades are expected to save $6.4 million the first year after the work is complete and more than $170 million over 20 years, guaranteed by Honeywell through an energy savings performance contract. The Air Force plans to use the reduction in utility and operating expenses to pay for the project and ongoing maintenance, which Honeywell will also provide. As a result, Tinker AFB should not have to increase its budgets or request additional taxpayer dollars.

The improvements will have a significant impact on energy and water consumption as well, trimming the use of natural gas by almost 27 percent and fresh water by approximately 20 million gallons per year. Annual carbon dioxide emissions are also estimated to decrease by more than 60 million pounds, equivalent to removing 6,100 cars from the road.

In addition, the project will help create and sustain local jobs, with more than 500 Honeywell workers and supporting tradespeople expected on site during peak construction.

"The extraordinary efforts and teamwork between the AFSC Tinker Operational Contracting Branch and the 72nd Civil Engineer Directorate resulted in this seminal contract award, and will ultimately help Tinker gain energy efficiencies by significantly reducing our energy consumption in the winter time," said Colonel Steven J. Bleymaier, 72nd Air Base Wing and Installation Commander, Tinker Air Force Base. "This is exciting and a big milestone towards the many energy challenges and opportunities ahead, especially in the area of industrial processes, which account for 70 percent of Tinker's energy consumption."

Under the contract, Honeywell will oversee hundreds of energy- and water-saving upgrades, and will help maintain and repair the equipment it installs. The company's technicians will decommission three central steam plants and downsize a fourth, removing 56 buildings from the base's steam heat grid. The plants will be replaced by high-efficiency heating equipment at each building, which requires putting in more than four miles of natural gas piping, approximately 130 packaged hot-water and steam boilers, and a variety of infrared and direct-fired gas heaters.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

Jim Cramer's protégé, 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
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, 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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

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

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
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 17,416.85 +225.48 1.31%
S&P 500 2,021.25 +19.09 0.95%
NASDAQ 4,683.4070 +45.4130 0.98%

Partners Compare Online Brokers

Free Reports

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