Yellow Cab Chicago Awards Clean Energy 10-Year Contract to Build & Operate Two Compressed Natural Gas (CNG) Fueling Stations ...
February 01 2010 - 6:00AM
Business Wire
Taxi Affiliation Services (TAS), which operates Yellow Cab
Chicago, the nation’s oldest and largest continuously operating
taxicab fleet, has awarded Clean Energy Fuels Corp. (Nasdaq: CLNE)
a new 10-year contract to build and operate two new CNG fueling
stations and sell fuel to the company’s growing CNG taxi fleet.
Yellow Cab Chicago and its affiliates plan an initial deployment of
100 new CNG taxis.
The new Clean Energy CNG stations will be located on
TAS-controlled sites selected for their proximity to downtown
Chicago’s business, hotel, shopping and financial districts. In
addition to serving Yellow Cab taxis, the stations will be open
24/7 for public access.
James Harger, Clean Energy’s Chief Marketing Officer and Senior
Vice President, said, “We are delighted to initiate this fuel
supply and operations relationship with Taxi Affiliation Services
and Yellow Cab Chicago, clear leaders in promoting the use of
natural gas fuel. We look forward to supporting their first 100
clean, green CNG-powered taxis, and to provide ongoing support as
their fleet expands. These key stations begin a larger city network
we intend to build.”
Clean Energy partnered with Yellow Cab Chicago to apply for and
secure $1.5 million in grant funding from the City of Chicago and
the Department of Energy to help defer the costs of station
construction and acquiring new CNG taxi vehicles.
Michael Levine, CEO, Taxi Affiliation Services, said, “Our
company operates North America’s oldest and largest taxicab fleet.
We operate approximately 3,000 cabs, including our Yellow, Checker,
American United and Blue Diamond lines, making us the premier
taxicab service in the City of Chicago. We utilize the latest
available technology and the safest, most comfortable vehicles to
provide passengers the highest quality of service. Our new, growing
CNG taxi fleets will provide benefits not only to the drivers and
passengers in the form of lower fuel costs and clean, green
performance, but to the City of Chicago at large, as greenhouse gas
emissions are significantly reduced.”
Natural gas produces up to 30 percent lower greenhouse gas
emissions than gasoline fuel in light-duty and medium-duty
vehicles.
Clean Energy (Nasdaq: CLNE) is the leading provider of
natural gas (CNG and liquefied natural gas (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 17,500 vehicles at 195
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
biomethane for delivery in the nation’s gas pipeline network. Clean
Energy also owns BAF Technologies, Inc. of Dallas, TX, a leading
provider of natural gas vehicle systems and conversions for taxis,
limousines, vans, pick-up trucks and shuttle buses. 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 number of CNG vehicles to be
deployed by TAS and Yellow Cab Chicago and the commencement of
vehicle fueling operations at the station. Actual results and the
timing of events could differ materially from those anticipated in
these forward-looking statements as a result of the pricing and
availability of CNG vehicles, the performance of the CNG vehicles
and unanticipated delays in the construction and commencement of
operations at the station 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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