ONSITE ENERGY: June 30, 2010
Letter to Shareholders:
I am pleased to report that Onsite Energy has completed another profitable year. The fiscal year ended June 30, 2010 marked the fifth consecutive year of profitable operation for Onsite.
We expect utility contracts to continue. California Public Utilities Commission $3.1 billion for comprehensive energy efficiency programs last year and are now aggressively to be implementing them through California's four largest investor owned utilities (Southern Cal. Edison, Pacific Gas & Electric, San Diego Gas & Electric and Southern Cal. Gas Co.). These programs are being implemented over the calendar years 2010 Through 2012. Onsite is participatin in these programs through service contracts with these three utilities to implement industrial energy efficiency programs over the program cycle.
Richard T. Speilberg
President