FOR IMMEDIATE RELEASE
May 21, 2018
Contact: Laura Tierney
BCSE Statement on Trump Administration’s Executive Order on Efficient Federal Operations Encouraging Use of Performance Contracts to Achieve Energy Goals
Washington, DC – The Business Council for Sustainable Energy’s President, Lisa Jacobson released the following statement in response to President Trump’s Executive Order titled “Efficient Government Operations.”
“The release of the Executive Order focused on Efficient Government Operations is important to continue to achieve annual building energy and water reductions at federal facilities. Importantly, the Council strongly supports the Executive Order’s recognition of performance contracting, through Energy Savings Performance Contracts and Utility Energy Savings Contracts, in achieving the goals.
“The BCSE also commends the continued existence and duties of a Federal Environmental Executive, a steering committee, and Chief Sustainability officers at agencies as well as continued tracking of efforts related to this Executive Order.”
Energy Savings Performance Contracts (ESPCs) and Utility Energy Service Contracts (USECs), collectively known as performance contracts, enable government agencies to procure energy savings and facility infrastructure improvements with no up-front capital costs or appropriations. Through performance contracts, private sector companies finance and install new energy efficient equipment in federal buildings, reducing energy and operating costs and addressing maintenance backlogs. In exchange for a pre-determined price, the chosen ESCO guarantees future energy savings, which are used to pay for the energy efficiency upgrades with excess savings accruing to the federal government. In fact, payment to the ESCO is contingent upon realizing that guaranteed annual savings stream.
Download the press release.