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Mondre Energy, Inc. Helps SEPTA with Second Electric Procurement; Total Savings Approximately $10 Million

PHILADELPHIA, PA (December 2010) – Mondre Energy, Inc. (MEI), a leading energy strategies and management firm based in Philadelphia, recently completed a second electricity procurement of 18 Megawatts (MW) for SEPTA that will save the transportation authority approximately $1.3 million in 2011. The electricity procured will be used to power SEPTA buildings, maintenance facilities and yards, and other transit facilities. This procurement follows one MEI conducted for SEPTA earlier in the year of 40MW of electricity to power SEPTA trains, trolleys, and trolleybuses. Taken together, the two procurements will save SEPTA approximately 10 million dollars in electricity costs over the next two years.

MEI implemented a combination of strategies that included creating an energy portfolio for SEPTA that diversifies suppliers, products, and terms. “By diversifying the procurement, we were able to help SEPTA achieve significant savings for 2011,” said Judith Mondre, founder and president of Mondre Energy. “We anticipate additional savings when we complete locking in pricing for 2012.”

MEI has worked with SEPTA on energy related issues since 2008, including developing strategies for conservation, expanded use of green energy, and advising on energy-saving capital investments.

“The ability to procure electricity on the open market is continuing to generate significant operating cost savings for SEPTA, which means significant savings for our riders,” said Richard Burnfield, SEPTA’s chief financial officer.