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

City Of Palmdale, Constellation And PsomasFMG Dedicate 976-Kilowatt Solar Generation Project

The city of Palmdale today announced the completion of an aggregate 976-kilowatt DC solar generation project. Located at Palmdale’s Civic Center, DryTown Water Park and Marie Kerr Park, the system is designed to generate more than 1,580 megawatt-hours of electricity per year and meet nearly 70 percent of the electricity needs for the three sites.

In honor of the solar project’s completion, a celebration and ribbon cutting were held today at Marie Kerr Park. Representatives from the city of Palmdale, Constellation and PsomasFMG attended the event.

“This project is another example of Palmdale’s commitment to providing clean energy while saving money for our taxpayers,” said Palmdale Mayor Jim Ledford. “It is a perfect complement to what we are currently doing in the areas of energy conservation, and will help us meet our state mandated greenhouse gas reduction goals.”

The solar project required no upfront capital from the city. Solar firm PsomasFMG worked with the city to develop the project. Energy products and services company Constellation financed the project’s development and will own and operate the system. Palmdale will purchase the electricity generated by the system at a fixed-rate through a 20-year power purchase agreement with Constellation.

Brendon Quinlivan, director, solar sales for Constellation, said, “Constellation is pleased to work with the PsomasFMG team in helping the city of Palmdale meet its environmental goals and manage its energy costs.”

“We are proud to be partnered with the city of Palmdale for taking a leadership position amongst Southern California cities,” said Paul Mikos, president of PsomasFMG. “Shaded parking, cleaner air and energy savings are some of the benefits that the city leadership is bringing to the citizens of Palmdale.”

The solar power arrays are comprised of approximately 3,200 photovoltaic panels located on shade structures, which were designed to blend with the look and feel of the city’s surroundings. The system will help the city of Palmdale meet state mandates for renewable power generation and greenhouse gas reduction and is expected to eliminate 1,201 tons of carbon dioxide annually according to U.S. Environmental Protection Agency data for the region.

California schools and municipalities interested in on-site solar through a power purchase agreement with Constellation may contact PsomasFMG at pmikos@psomasfmg.com or (714)465-4904.

About the City of Palmdale

The birthplace of the Space Shuttle and B2 Stealth Bomber, the City of Palmdale has enjoyed tremendous growth and prosperity over the last two decades. Our more than 153,000 residents enjoy a comfortable hometown feel with a strong family orientation, excellent education system and abundant recreational opportunities in a safe environment. As the premier shopping destination in the High Desert, Palmdale attracts the best of both retail and manufacturing companies, and is poised to become a major Southern California transportation hub with plans for two high speed rail systems, Metrolink, two freeways and an airport all converging in Palmdale.

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!
DOW 17,067.56 -30.89 -0.18%
S&P 500 2,002.28 -1.09 -0.05%
NASDAQ 4,598.1880 +17.9170 0.39%

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