Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Energy Performance Contracts topic
No spam. Unsubscribe anytime.
Canon City board hears Schneider Electric report; year‑one energy savings exceed guarantee
Summary
Schneider Electric presented the first full year of verified savings from an energy‑conservation project in Fremont Re‑1, reporting $206,554 in measured savings versus a guarantee just under $200,000 and a $6.7 million lifetime target; the Colorado Energy Office verifies results and guarantees make‑whole payments if shortfalls occur.
Schneider Electric told the Canon City (Fremont Re‑1) School Board on May 11 that the district's energy‑conservation project has surpassed its first‑year guarantee. A Schneider representative said the company's year‑one guarantee was "just under $200,000" and that measured savings for the first year were $206,554.
The presentation, which described a project designed beginning in 2022, outlined a lifetime goal of $6.7 million in cumulative savings and described installations and upgrades across district buildings. The firm said total first‑year savings including installation effects and efficiencies are being tracked for performance; the installation and related measures to date were cited as roughly $385,000 when installation is included.
Board members asked how the district is protected if savings fall short of guarantees. A Schneider representative said the Colorado Energy Office serves as a third‑party verifier; if the measured savings fall short of the guaranteed amount, "the district would be owed a check to make up the difference," according to the presentation. Board members also noted the district financed the project with a lease purchase on about a $4 million note, and the district's finance implications were discussed in that context.
Superintendent and board questions focused on measurement, verification and the long‑term outlook. The presenter said performance is tracked through utility bill analysis and on‑site measurement, and described communications and partnership with district facilities staff. Board members thanked Schneider Electric for the work and the district for pursuing long‑term savings and building modernization.
The board received the presentation as an information item; no formal action was required at the meeting. The board said it expects follow‑up reporting and noted the Colorado Energy Office's oversight as an assurance for guaranteed performance.
