MIDLAND, Texas & ARLINGTON, Texas--(BUSINESS WIRE)--Priority Power Management, LLC (“PPM”), a Texas-based leading independent energy management and consulting services firm, has successfully negotiated and secured a new 100% renewable electricity supply contract for Abilene Christian University (“ACU”).
In 2009, PPM negotiated a 10-year contract for ACU supported by west Texas renewable wind and fossil fuel resources. The new contract, which will begin at the expiration of the 10-year contract and continue until March 2025, includes Green-e Certified Renewable Energy Credits for 100% of ACU’s contracted usage. ACU will also benefit from having budget certainty by capturing and locking in historically low electricity prices, delivering over $2 million in savings over the contract term.
“In keeping with the mission and principles of our sustainability initiative, ACU Green, we are always looking for ways to be better stewards of our resources,” said Kevin Roberts, associate vice president of operations. “By purchasing 100% renewable energy, we support the continued development of renewable energy resources, while at the same time lowering our long-term cost of electricity.”
PPM has been providing customized strategic energy advisory, supply procurement and risk management services to ACU since 2006.
“We were very pleased with the outcome of this most recent energy supply contract negotiation on behalf of ACU,” said John J. Bick, managing principal of PPM. “While there was still over 3-1/2 years remaining on the existing contract, we saw an opportunity to act now and capture historically low forward energy prices for 100% renewable energy.”
About Priority Power Management
Priority Power Management, LLC is a leading Texas-based independent energy management and consulting services firm to large commercial, industrial and government customers. Priority Power Management provides unbiased and objective energy management services in the areas of energy information, supply and risk management, demand-side management and energy infrastructure solutions. Since its establishment in 2001, Priority Power Management has grown to procure and manage approximately $1 billion of annual energy spend on behalf of clients from its offices in Midland/Odessa, Dallas/Fort Worth, Houston and Abilene. For more information about Priority Power Management, LLC visit www.prioritypower.net.
About Abilene Christian University
Founded in 1906, ACU is a national leader in Christian higher education with more than 4,500 students, including about 780 graduate students from 48 states and territories and 41 nations on a 208-acre modern campus in Abilene, Texas. The university offers 70 baccalaureate majors that include more than 135 areas of study, 27 master’s degree programs and two doctoral programs. Students are served by 261 faculty members who focus on high-quality teaching, scholarship and service. ACU’s alumni network measures 86,000 in every state and 109 countries. For more information about ACU visit www.acu.edu, or for more information on ACU Green visit http://www.acu.edu/legacy/campusoffices/green.