RICHARDSON, Texas, April 27, 2012 /PRNewswire/ -- Oncor today rewarded the University of Texas at Dallas (UT Dallas) with a $98,371 cash incentive for replacing older cooling equipment with energy-efficient HVAC equipment in its Supplemental Utility Plant and residence halls. The cash incentive recognizes the University's efforts and participation in Oncor's Educational Facilities Program.
Oncor sponsors the Educational Facilities Program to help educate k-12 schools, colleges and universities about energy efficiency and to fund energy-reduction measures as part of its objective to lower energy use. The program provides educational material, technical assistance and monetary incentives to schools to help minimize energy usage and encourage infrastructure improvements.
"Colleges and universities today are aggressively pursuing all possible resources to ensure we meet the needs of our students," said Dr. Calvin Jamison, Vice President for Administration at UT Dallas. "The University is focused on retrofitting our older buildings with more energy-efficient technology while at the same time building new facilities that are more energy efficient than building codes require. It just makes good business sense to participate in programs that help us save energy and then reward us for our efforts."
In addition to providing cash incentive to universities like UT Dallas who are proactively upgrading and designing campuses to make them more energy efficient, Oncor also offers free energy planning to all schools, colleges and universities in its service area. Oncor works with participating campuses to identify energy-saving measures at existing facilities and incorporate efficient design into new construction.
"UT Dallas has been vigilant in its efforts to take advantage of the programs offered by Oncor," said Barry Young, Oncor Area Manager. "These have not only resulted in cash incentives being awarded to the campus but more importantly, sustainable energy savings that reduce energy bills month after month. In fact, we are very excited to learn that the University will establish a revolving energy-efficiency fund, supported by incentive dollars, to be used for additional energy-efficiency upgrades across the campus resulting in even more annual savings going forward."
Oncor's Educational Facilities Program is offered at no cost to participating schools.
Oncor offers more than 30 energy efficiency programs that help homeowners, businesses, schools and governments save energy. For more information on Oncor's energy efficiency initiatives, visit www.takealoadofftexas.com.
Oncor Electric Delivery Company LLC ("Oncor") is a regulated electric distribution and transmission business that uses superior asset management skills to provide reliable electricity delivery to consumers. Oncor operates the largest distribution and transmission system in Texas, delivering power to approximately 3 million homes and businesses and operating approximately 117,000 miles of transmission and distribution lines in Texas. While Oncor is owned by a limited number of investors (including majority owner, Energy Future Holdings Corp.), Oncor is managed by its Board of Directors, which is comprised of a majority of independent directors.