Hudson Valley businesses are continuing to benefit from Central Hudson’s Business Lighting Upgrades, for which Lime Energy (NASDAQ: LIME) is the exclusive implementer for the Mid-Hudson Valley. By offsetting the project costs by up to 70 percent for upgrading their lights for qualified small and medium sized business customers, Central Hudson is encouraging local companies to waste less energy. In turn, businesses save up to 30 percent on their monthly energy bill. Headquartered in Poughkeepsie, NY, Central Hudson Gas & Electric Corporation serves approximately 300,000 electric and 75,000 natural gas customers in portions of eight counties of New York State’s Mid-Hudson River Valley. “Central Hudson has helped more than 2,000 Hudson Valley businesses create a brighter, more pleasant work environment,” said Brian Dimisko, Division Manager of Energy Efficiency for Central Hudson. “New lighting options, including light-emitting diode (LED) fixtures and outdoor lighting, now make it possible for small and mid-sized businesses, office buildings and other facilities to upgrade to more efficient lighting with little out-of-pocket expense, and customers may cover their portion of the investment with a convenient extended payment plan for 24 months, which is typically the time the investment pays for itself.” To date, participants together are lowering their electric bills by more than $3.5 million per year and are avoiding 20,314 tons of greenhouse gas emissions into the environment, realizing in total an estimated annual savings of more than 38 million kilowatt-hours in electrical usage, or enough energy to power 4,697 homes for one year. “We are glad to be helping our valued business customers realize financial savings while making the Hudson Valley a more sustainable place to live,” said Dimisko. About Lime Energy Lime Energy is a national leader in designing and implementing energy efficiency programs for utilities, government agencies and private enterprises. Our innovative solutions enable our clients to meet their energy savings and carbon reduction goals across a portfolio of facilities, driving increased profitability and competitiveness. We bring proven results and over 25 years of experience that enable us to scale energy efficiency programs to meet increasing clean energy regulations.
About Central HudsonCentral Hudson Gas & Electric Corporation is a regulated transmission and distribution utility company, serving approximately 300,000 electric and 75,000 natural gas customers in eight counties of New York State’s Mid-Hudson River Valley, delivering natural gas and electricity in a 2,600-square-mile service territory that extends north from the suburbs of metropolitan New York City to the Capital District at Albany. Central Hudson is a wholly owned subsidiary of CH Energy Group, Inc., predominantly an energy delivery company headquartered in Poughkeepsie, NY FORWARD-LOOKING STATEMENTS This news release includes forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 including statements that reflect Lime Energy's current expectations about its future results, performance, prospects and opportunities. Lime Energy has tried to identify these forward-looking statements by using words and phrases such as "may," "expects," "anticipates," "believes," “hope,” "intends," "estimates," "plan," "should," "typical," "preliminary," or similar expressions. These forward-looking statements are based on information currently available to Lime Energy and are subject to a number of risks, uncertainties and other factors that could cause Lime Energy's actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these forward- looking statements. These risks include those described in Lime Energy's most recent Annual Report on Form 10-K or as may be described from time to time in Lime Energy's subsequent SEC filings; such factors are incorporated here by reference.