WHITE PLAINS, N.Y., May 01, 2008 (BUSINESS WIRE) -- ConEdison Solutions, one of America's leading energy service
providers, has acquired Custom Energy Services, LLC, of Overland Park,
Kansas, an energy services company serving a national portfolio of
The acquisition is the latest milestone in a corporate expansion
strategy that has established ConEdison Solutions as a national market
leader in both the energy services and energy commodity marketplaces.
"ConEdison Solutions has established itself as one of America's
most respected energy services providers," said Jorge J. Lopez,
President and CEO of ConEdison Solutions. "With the addition of Custom
Energy Services, we further strengthen our capacity to deliver energy
efficiency and energy savings nationwide in an era of unprecedented
demand for these services. Their highly regarded team complements our
current energy efficiency expertise and delivery capabilities and
allows us to expand our capacity to deliver the energy services the
market is demanding. At a time of increased awareness of the need for
sustainability, and concerns about rapidly rising energy costs, we
continue to enhance our ability to provide customers with solutions to
both of these issues."
Founded in 1997, Custom Energy Services, LLC has provided energy
efficiency solutions to clients throughout the United States. The firm
is a pioneer in the use of guaranteed performance contracts.
Performance contracting leverages energy savings from energy-efficient
infrastructure improvements to cover project installation costs over
set periods of time. Custom Energy Services, LLC also provides energy
consulting for demand- and supply-side services, and provides on-site
power, co-generation and renewable energy technologies. Members of its
management team began working together as manufacturers'
representatives in 1974.
"Custom Energy Services is proud to be part of ConEdison
Solutions," said Dayton "Buddy" Hahs, President of Custom Energy
Services. "They share our values of true customer service and
innovation in bringing energy efficiency solutions to clients. Our
combined team is even better positioned to deliver the wide range of
energy efficiency solutions that public and private sector customers
across the country are seeking."
With the acquisition of Custom Energy Services, ConEdison
Solutions adds an office in Overland Park, Kansas to support the needs
of the Midwest region. Additionally, ConEdison Solutions maintains
offices in New York, Florida, Massachusetts, New Jersey, Virginia,
North Carolina and Texas to support its growing national energy
Last May, ConEdison Solutions acquired BGA, Inc., a Tampa-based
energy services and engineering firm. In September 2007, BGA was
selected by the country's largest owner of retail real estate, Simon
Property Group, to provide energy efficiency services at properties
nationwide, and in January was selected as a qualified energy services
contractor by the Florida Department of Management Services.
Recently, ConEdison Solutions was selected as a qualified energy
services contractor for the state of North Carolina. In March 2007,
the company achieved accreditation as an Energy Service Provider by
the National Association of Energy Service Companies (NAESCO), the
nation's leading trade association focused on energy services. Also,
ConEdison Solutions was recently honored by the New York State Energy
Research and Development Authority (NYSERDA) for its outstanding
portfolio of energy efficiency projects on behalf of the state's
ConEdison Solutions also maintains an active and growing electric
commodity supply business and currently serves electric commodity
customers in Massachusetts, New York, New Jersey, Delaware,
Pennsylvania, New Hampshire, Maine, Connecticut, Maryland, Texas,
Illinois and Washington, D.C.
ConEdison Solutions is a leading energy services company that
provides competitive power supply, renewable energy, sustainability
services, and cost-effective energy solutions for commercial,
industrial, residential, and government customers. The company is
headquartered in White Plains, New York, with offices in Burlington,
Massachusetts; Cherry Hill, New Jersey; Arlington, Virginia; Houston,
Texas; Tampa, Florida; Durham, North Carolina; and Overland Park,
Kansas. The firm's dedicated team of energy professionals delivers a
broad range of commodity, consulting, demand-side management and
performance contracting services. ConEdison Solutions offers programs
and services designed to help customers achieve their individual
energy objectives and is accredited as an Energy Services Provider
(ESP) by the National Association of Energy Service Companies
ConEdison Solutions is a subsidiary and registered trademark of
Consolidated Edison, Inc. (NYSE: ED). More information can be obtained
by calling 1-888-210-8899 or visiting the ConEdison Solutions website
at www.conedsolutions.com. You can also visit the Consolidated Edison,
Inc. website at www.conedison.com for information on all of the
Consolidated Edison companies.
SOURCE: Consolidated Edison, Inc.
Christine Nevin, 914-286-7094
The Marino Organization
Cara Gentile, 212-889-0808 x125