The Federal Performance Contracting Coalition (FPCC), a group of 14 Energy Service Companies (ESCOs) advocating for increased federal use of Energy Savings Performance Contracts (ESPCs) by the federal government, released the following statement in response to the Senate passing the John S. McCain National Defense Authorization Act for Fiscal Year 2019.
“The FPCC commends the Senate for passing this important legislation and for including important energy resiliency measures that will help our military facilities stay competitive and efficient, and save American taxpayers money. Specifically, the NDAA includes $2.4 billion for Sustainment, Restoration, and Maintenance (SRM) funding and committee direction on leveraging Energy Savings Performance Contracts (ESPCs) and Utility Energy Service Contracts (UESCs) to modernize and upgrade military facilities.
“We especially thank Senators Lindsey Graham (R-SC) and Jeanne Shaheen (D-NH) for their leadership in including report language that supports and specifies the use of ESPCs and UESCs in meeting the Department of Defense’s energy resilience requirements and to address its infrastructure maintenance backlog. Leveraging private sector funding to support our country’s defense goals is exactly the type of public-private partnership that will help keep our military competitive.”
In an Energy Savings Performance Contract (ESPC) or Utility Energy Savings Contract (UESC), the private sector works with the government customer to develop a project, but then the private company implements that project, measures and verifies savings every year, and guarantees that the savings will accrue. The private sector is repaid out of these guaranteed utility bill savings allowing for no added expenditures by the federal government. Since inception, ESPCs have achieved over $20 billion in guaranteed energy savings across the federal government.
June 19, 2018
For Immediate Release
Contact: Kate Lynch (703) 864-5283