Energy savings performance contracting definition

Energy savings performance contracting means the process
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Energy savings performance contracting means the process authorized by chapter 39.35C RCW by which a company contracts with a state agency to conduct no-cost energy audits, guarantee savings from energy efficiency, provide financing for energy efficiency improvements, install or implement energy efficiency improvements, and agree to be paid for its investment solely from savings resulting from the energy efficiency improvements installed or implemented.
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Energy savings performance contracting means the process authorized by chapter 39.35C RCW by which a company contracts with a local agency to conduct energy audits and guarantee energy savings from energy efficiency.
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Examples of Energy savings performance contracting in a sentence

  • Any and all voting actions contained must be made with a formal motion and a second prior to any vote.

  • In other instances, the interviewee has to set a time and even disrupts the interview schedule.

  • Energy savings performance contracting also enables more energy efficient operations, creates jobs, and avoids carbon emissions.

  • The purpose of this chapter is to show that (many) solution to this problem do exist, and in many cases they do not even demand any upfront investment from the municipality 5.1 Energy savings performance contracting (shared or guaranteed savings)An ESCO, or Energy Service Company, is a business that develops, installs, and finances projects designed to improve the energy efficiency and maintenance costs for facilities over a time period of several years.

  • Energy savings performance contracting Energy Savings Performance Contracting (ESPC) is a financing mechanism authorized by the U.S. Congress and is designed to accelerate investment in cost effective energy conservation measures in existing federal buildings.28An ESPC is a partnership between a federal agency and an Energy Service Company (ESCO).

  • Energy savings performance contracting provides guaranteed energy savings to secure financing and pay for efficiency improve- ments without increasing operating budgets.

  • Energy savings performance contracting provides guaranteed energy savings to secure financing and pay for efficiency improvements without increasing operat- ing budgets.

  • Energy savings performance contracting is a vehicle that includes all of these features.

  • Energy savings performance contracting (ESPC) is a financing mechanism that supports energy efficiency upgrades through avoided energy costs.

  • Energy savings performance contracting is a long-term relationship.


More Definitions of Energy savings performance contracting

Energy savings performance contracting means the process authorized by chapter 39.35C RCW by which a company contracts with a public agency to conduct energy
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Related to Energy savings performance contracting

  • Key Performance Indicator means a measure that captures the performance of a critical variable to expand and improve community-based corrections programs to promote offender success, ensure accountability, enhance public safety, and reduce recidivism.

  • Performance Corridor means the acceptable range of results around a Performance Target.

  • Qualifying Performance Criteria means any one or more of the following performance criteria, either individually, alternatively or in any combination, applied to either the Company as a whole or to a business unit, Parent, Subsidiary or business segment, either individually, alternatively or in any combination, and measured either annually or cumulatively over a period of years, on an absolute basis or relative to a pre-established target, to previous years’ results or to a designated comparison group, and on a pre-tax or after-tax basis, in each case as specified by the Committee in the Award: (i) cash flow (including operating cash flow or free cash flow); (ii) earnings (including gross margin, earnings before interest and taxes, earnings before taxes, and net earnings); (iii) earnings per share; (iv) growth in earnings or earnings per share; (v) stock price; (vi) return on equity or average stockholders’ equity; (vii) total stockholder return; (viii) return on capital; (ix) return on assets or net assets; (x) return on investment; (xi) revenue; (xii) income or net income; (xiii) operating income or net operating income; (xiv) operating profit or net operating profit; (xv) operating margin; (xvi) return on operating revenue; (xvii) market share; (xviii) contract awards or backlog; (xix) overhead or other expense reduction; (xx) growth in stockholder value relative to the moving average of the S&P 500 Index or a peer group index; (xxi) credit rating; (xxii) strategic plan development and implementation (including individual performance objectives that relate to achievement of the Company’s or any business unit’s strategic plan); (xxiii) improvement in workforce diversity; (xxiv) expenses; (xxv) economic value added; (xxvi) product quality; (xxvii) number of customers; (xxviii) objective customer indicators; (xxix) customer satisfaction; (xxx) new product invention or innovation; (xxxi) profit after taxes; (xxxii) pre-tax profit; (xxxiii) working capital; (xxxiv) sales; (xxxv) advancement of the Company’s product pipeline; (xxxvi) consummation of strategic transactions; (xxxvii) reduction in cash utilization; and (xxxviii) addition of technologies and products. The Committee may appropriately adjust any evaluation of performance under a Qualifying Performance Criteria to exclude any of the following events that occurs during a performance period: (A) asset write-downs; (B) litigation or claim judgments or settlements; (C) the effect of changes in tax law, accounting principles or other such laws or provisions affecting reported results; (D) accruals for reorganization and restructuring programs; and (E) any gains or losses classified as extraordinary or as discontinued operations in the Company’s financial statements.

  • Energy year or "EY" means the 12-month period from June 1st

  • Financial Performance Covenants means the covenants of the Borrower set forth in Sections 6.10 and 6.11.