This Day On The Street
Continue to site
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

USG Manufacturing Plant In California Goes Solar

USG Corporation (NYSE: USG), a leading building products company, has entered into a Solar Energy Power Purchase and Sale Agreement (PPA) with Green Light Plaster City Solar 1 LLC (GLPCS1), a wholly owned subsidiary of Green Light Energy Corp. (“GLEC”), to install a solar facility at its Plaster City, Calif. manufacturing plant. The one megawatt photovoltaic (PV) system will provide USG with predictable cost for the portion of electricity supplied by the PV system for the next 20 years.

Through the PPA, GLPCS1 along with local engineering firm, ZGlobal, Inc. (“ZGlobal”), will install solar cells on eight acres of USG’s Plaster City’s site. Installation began in September and should be completed by December.

“We are always looking for opportunities for our plants to use solar energy, and it made a lot of sense to move forward with this renewable energy investment at our manufacturing plant in Plaster City,” said Al Zucco, senior director, Energy and Sustainability, USG. “This is an exciting project that demonstrates USG’s environmental stewardship and commitment to maintain environmentally-friendly operations.”

The GLPCS1 and ZGlobal solar project in Plaster City is part of an effort that the two companies are working on to provide renewable energy solutions throughout California and specifically the Imperial Valley. Currently the Imperial Irrigation District (IID) supports and provides all of the USG plant’s energy. IID rates are expected to increase, at an unknown rate, but with the PPA, USG will have predictable pricing for energy produced by the solar PV system.

“GLPCS1 is a firm believer in utilizing renewable energy resources and is proud to support USG in its effort towards building a sustainable renewable energy source for its Plaster City plant,” said Jeremy Vaa, President and CEO, GLEC.

“We at ZGlobal are delighted to be working with GLPCS1 and USG to bring this distributed generation solar project online,” said Ziad Alaywan, President, ZGlobal, Inc. “This project is an example of how well environmental sustainability balances with opportunities to reduce rising energy costs.”

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr 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

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

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
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.17 -0.48%
FB $117.83 -0.19%
GOOG $701.77 0.87%
TSLA $213.64 -4.00%
YHOO $37.04 2.90%


Chart of I:DJI
DOW 17,649.58 -1.68 -0.01%
S&P 500 2,049.63 -1.49 -0.07%
NASDAQ 4,719.8330 -5.8060 -0.12%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs