San Francisco’s Yellow Cab Cooperative Awards Clean Energy Contract to Supply Natural Gas Fuel for 10 Years
December 29 2008 - 8:00AM
Business Wire
Yellow Cab Cooperative, San Francisco�s largest taxicab operator,
has awarded Clean Energy Fuels Corp. (Nasdaq:CLNE) a 10-year
contract to supply compressed natural gas (CNG) fuel, and provide
operations and maintenance for a newly expanded Clean Energy CNG
station located south of the City center at 1200 Mississippi St. In
addition to serving Yellow Cab�s growing CNG fleet, the station is
now open for full public use, 24/7. It joins the growing network of
eight public Clean Energy fueling stations located in the San
Francisco Bay area. James Harger, Clean Energy Senior Vice
President, said,��We are pleased to continue our long-term fuel
supply and station operation relationship with Yellow Cab
Cooperative, which has now been extended through 2018. Yellow Cab
Co-Op is a clear leader in promoting the use of natural gas fuel.
We look forward to the continuing addition of more CNG cabs to its
already sizeable 100-cab CNG fleet, which will enhance both the
health and environmental benefits for all San Francisco Bay Area
citizens." Yellow Cab Co-Op�s taxis currently use more than 350,000
gallons of CNG fuel annually. Most cabs return for fill-ups twice a
day, and the new Clean Energy CNG station is equipped to dispense
1,000 gallons of fuel per hour � the largest U.S. CNG taxi station
of its kind. Hal Mellegard, Yellow Cab Cooperative�s General
Manager, said, �Our CNG taxis provide good benefits, including
lower-cost fuel and access to the HOV/carpool lanes on local
freeways, which the clean, green performance allows. The newly
increased capacity of the Mississippi Street Clean Energy station
and the several other CNG stations in the area will provide the
support we need as we accelerate our program of replacing
gasoline-powered taxis with a combination of cleaner burning
hybrids and CNG models.� 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 over 170
strategic locations across the United States and Canada. Clean
Energy owns and operates two LNG production plants, one in Willis,
TX and one in Boron, CA, with combined capacity of 260,000 LNG
gallons per day and designed to expand to 340,000 LNG gallons per
day as demand increases. It also owns and operates a landfill gas
facility in Dallas, TX that produces renewable methane gas or
biogas for delivery in the nation�s gas pipeline network. Please
visit 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 about the growth of the
Yellow Cab CNG taxi fleet and fuel consumption. Actual results and
the timing of events could differ materially from those anticipated
in these forward-looking statements as a result of several factors
including the availability of CNG vehicles and demand for taxi
services in the Bay Area. 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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