News for 'CLNE' - (Sun Metro, City of El Paso's Public Transit Agency, Extends Clean Energy's LNG Fuel Contract West Texas Transit Operator Provides 12 Million Passenger Trips Annually, Using a Growing Bus Fleet Powered by Natural Gas Fuel)
SEAL BEACH, Calif., Dec 22, 2008 (BUSINESS WIRE) -- Clean Energy Fuels Corp.
(Nasdaq:CLNE) has been awarded an 18-month contract extension to continue
supplying liquefied natural gas (LNG) fuel to Sun Metro, the public transit bus
agency serving the City of El Paso, Texas and neighboring New Mexico
communities. Clean Energy has been under contract to Sun Metro since December
2003, with fleet fuel consumption now topping 4.6 million LNG gallons annually.
The LNG fuel is used directly to fuel certain buses as well as converted to
compressed natural gas (CNG) fuel, which is used to power the balance of the Sun
Metro natural gas fleet, which includes 144 natural gas buses, together with six
diesel buses. The agency plans to expand the fleet to 227 natural gas buses
within 10 years.
James Harger, Clean Energy Senior Vice President, said, "We are pleased to
continue our supply relationship with Sun Metro, where we have provided
reliable, cost-efficient LNG fueling services for five years, ensuring the
agency and its riders that their buses roll out daily to meet community
transportation needs."
Kevin Bunce, Sun Metro Assistant Director, said, "El Paso has significant air
shed issues caused by adjacent cities and chooses to fuel with natural gas to
mitigate those issues and improve air quality."
With 600 employees and an annual budget of over $60 million, Sun Metro offers
fixed route and paratransit bus service within the County of El Paso, TX and
throughout the City of Sunland Park, New Mexico. The agency -- recipient of the
Texas Transit Association's 2008 Outstanding Metropolitan System Award --
operates service on more than 50 fixed routes in a region that spans 250 square
miles. Annually, Sun Metro transit buses log more than 12 million passenger
trips and travel 60 million passenger miles.
Clean Energy (Nasdaq:CLNE) is the leading provider of natural gas (CNG and LNG)
for transportation in North America. It has a broad customer base in the refuse,
transit, ports, shuttle, taxi, trucking, airport and municipal fleet markets,
fueling more than 14,000 vehicles daily at over 170 strategic locations across
the United States and Canada. Clean Energy owns and operates two LNG production
plants, one in Willis, TX and one in Boron, CA, with combined capacity of
260,000 LNG gallons per day and designed to expand to 340,000 LNG gallons per
day as demand increases. It also owns and operates a landfill gas facility in
Dallas, TX that produces renewable methane gas or biogas for delivery in the
nation's gas pipeline network. Please visit www.cleanenergyfuels.com
Forward-Looking Statements This news release contains forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933 and Section 21E
of the Securities Exchange Act of 1934 that involve risks, uncertainties and
assumptions, including the time frame for additional natural bus deployment by
Sun Metro and annual gallons consumed by the Sun Metro bus fleet. Actual results
and the timing of events could differ materially from those anticipated in these
forward-looking statements as a result of several factors, including the demand
for public transit services in the County of El Paso and Sun Metro's ability to
procure additional natural gas buses. The forward-looking statements made herein
speak only as of the date of this press release and the company undertakes no
obligation to publicly update such forward-looking statements to reflect
subsequent events or circumstances.
SOURCE: Clean Energy Fuels Corp.
CONTACT:
For Clean Energy Fuels Corp.
News Media
Bruce Russell, 310-559-4955 x101
brussell@cleanenergyfuels.com
or
Investors
Ina McGuinness, 310-954-1100
Copyright Business Wire 2008
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KEYWORD: United States
North America
California
New Mexico
Texas
INDUSTRY KEYWORD: Energy
Oil/Gas
Transport
Public Transport
SUBJECT CODE: Contract/Agreement
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