DALLAS, Feb. 18 /PRNewswire-FirstCall/ -- AT&T* today announced the deployment of its 1,000th alternative-fuel vehicle in its corporate fleet. The deployment is part of a $565 million planned investment announced in March 2009 to replace more than 15,000 fleet vehicles with more fuel-efficient models through 2018. AT&T currently operates a fleet of more than 77,000 vehicles.
The 10-year initiative includes an expected $350 million to purchase approximately 8,000 compressed natural gas (CNG) vehicles over a five-year period, including the 1,000th alternative-fuel vehicle, a CNG van deployed in Oakland, California. This represents the largest initiative to CNG to date by a U.S. company. AT&T anticipates spending another $215 million through 2018 to replace 7,100 fleet passenger cars with alternative fuel models. According to the Center for Automotive Research (CAR), AT&T's overall alternative fuel vehicle initiative will:
- Save 49 million gallons of gasoline over the 10-year deployment period
- Reduce carbon emissions by 211,000 metric tons
"In a time of deep economic uncertainty, AT&T is making investments in our corporate fleet that are good for our business, the environment and our economy," said Jerome Webber, vice president, AT&T Fleet Operations. "The deployment of our 1,000th alternative-fuel vehicle signals a demand for cleaner alternative fuels that are less volatile in cost and that can be tapped here in America, right now." CAR estimates that the AT&T fleet initiative will create or save – on average – approximately 1,000 jobs per year over the first five years of the initiative.
*AT&T products and services are provided or offered by subsidiaries and affiliates of AT&T Inc. under the AT&T brand and not by AT&T Inc.
AT&T Inc. (NYSE: T) is a premier communications holding company. Its subsidiaries and affiliates, AT&T operating companies, are the providers of AT&T services in the United States and around the world. Among their offerings are the world's most advanced IP-based business communications services, the nation's fastest 3G network and the best wireless coverage worldwide, and the nation's leading high speed Internet access and voice services. In domestic markets, AT&T is known for the directory publishing and advertising sales leadership of its Yellow Pages and YELLOWPAGES.COM organizations, and the AT&T brand is licensed to innovators in such fields as communications equipment. As part of their three-screen integration strategy, AT&T operating companies are expanding their TV entertainment offerings. In 2009, AT&T again ranked No. 1 in the telecommunications industry on FORTUNE® magazine's list of the World's Most Admired Companies. Additional information about AT&T Inc. and the products and services provided by AT&T subsidiaries and affiliates is available at http://www.att.com.
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Cautionary Language Concerning Forward-Looking Statements
Information set forth in this press release contains financial estimates and other forward-looking statements that are subject to risks and uncertainties, and actual results might differ materially. A discussion of factors that may affect future results is contained in AT&T’s filings with the Securities and Exchange Commission. AT&T disclaims any obligation to update and revise statements contained in this news release based on new information or otherwise.
SOURCE AT&T Inc.