City and County of Sacramento Opt to Renew Clean Energy's Contract to Supply Fuel for Growing Numbers of LNG Refuse Trucks
July 28 2008 - 8:30AM
Business Wire
Clean Energy Fuels Corp. (Nasdaq: CLNE) has been awarded a one-year
LNG (liquefied natural gas) supply contract renewal with an option
for up to two additional years to provide fuel for the City and
County of Sacramento�s growing fleets of natural gas-powered refuse
trucks. Clean Energy has been supplying LNG fuel under contract to
Sacramento�s municipal refuse agencies since 2005. Yearly LNG fuel
requirements are projected to top one million gallons over the
course of the initial contract term. Serving local residential and
business communities in unincorporated areas, Sacramento County
currently operates 105 LNG refuse trucks, and has announced plans
to add 19 more LNG trucks over the next year. The City of
Sacramento�s solid waste collection and recycling fleet now
includes 61 LNG trucks, with 35 more expected to be deployed within
two years. �We are pleased to continue our supply relationship with
the City and County of Sacramento California, where we have
provided reliable, cost-effective fueling services to the refuse
agencies for the last three years,� said James Harger, Clean Energy
Senior Vice President. �We understand that reliable fuel supply is
a critical factor for refuse agencies and the people they serve,
and we have worked successfully in Sacramento to achieve this
goal.� Clean Energy has the largest supply of LNG in the western
United States, including sourcing contracts with six LNG plants.
The Company also operates its own LNG plant near Houston, Texas.
When Clean Energy�s new California LNG Plant becomes operational in
fall 2008, it will provide up to 160,000 gallons of LNG per day and
have over 1.5 million gallons of LNG storage. The Company has also
announced a long-term contract to purchase LNG from a new plant
being built near the California-Arizona border. Clean Energy
(Nasdaq: CLNE) is the leading provider of natural gas (CNG and LNG)
for transportation in North America. It has a broad customer base
in the refuse, transit, ports, shuttle, taxi, trucking, airport and
municipal fleet markets, fueling more than 14,000 vehicles daily at
strategic locations across the United States and Canada. Clean
Energy del Peru, Clean Energy�s Peruvian joint venture, operates
the world�s largest natural gas vehicle fueling station in Lima,
Peru. Information at: www.cleanenergyfuels.com. Forward-Looking
Statements This news release contains forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934 that involve
risks, uncertainties and assumptions, including statements made
with respect to the number of LNG trucks ultimately deployed by the
City and County of Sacramento and their associated fuel sales and
the timing of the completion of the California LNG plant. Actual
results and the timing of events could differ materially from those
anticipated in these forward-looking statements. The
forward-looking statements made herein speak only as of the date of
this press release and the company undertakes no obligation to
publicly update such forward-looking statements to reflect
subsequent events or circumstances.
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