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Dallas, TX (PRWEB) February 9, 2009
LPB Energy Management announced today it has achieved a significant company milestone, surpassing 16 billion kilowatt-hours (kWh) of electricity under contract since the company's founding. Over 12 billion kWh is comprised of active contracts.
Headquartered in Dallas, Texas, LPB was founded in 1999 ahead of Texas electricity deregulation to help companies and institutions shop for competitive electric supply. LPB has since grown into a full-service energy management firm with offices across the United States, having helped over 1,000 clients measure, report and reduce energy costs and usage.
"We're very proud of this company milestone," said Matthew Berke, President and Founder of LPB Energy Management. "LPB has helped clients--from multinational corporations to small businesses and school districts--reduce energy costs by up to 30% or more through strategically procuring electricity and fossil fuels. Our continued leadership in competitive supply is a key tenet of our energy management solution."
Strategic energy procurement activities are managed out of LPB offices in Houston, Texas and Eatontown, New Jersey. LPB manages the entire procurement process, from identification and approval procedures, to administration of the bidding process and contract execution. LPB also offers reverse auctions through an online bidding platform in addition to traditional sealed bids. Relationships with nearly 40 retail electric providers (REPs) across the country are leveraged; however, LPB remains fully independent and impartial to ensure clients have tailored solutions that meet unique operational needs and risk tolerances.
"Our commodities experts leverage our collective experience, real-time market analysis and mass purchasing power to maximize results," said Cullen Hay, Vice President of Market Analysis and Structuring. "Market data reports are available to clients daily, weekly or monthly so we can be held accountable for strategic advice and engage clients when the market presents new short- or long-term savings opportunities."
"Our current contract with LPB has saved our tax payers nearly $2 million dollars on the power consumed by city facilities," said Karen Forbes, Purchasing Manager for City of Pasadena. "These savings are especially critical after Hurricane Ike. The dollars saved can be re-directed into vital city services."
LPB offers procurement clients access to its innovative Utility Manager™ software application. Monthly utility bill and meter data is entered into Utility Manager by the client or it can be fully outsourced to LPB. Over 250 user-friendly online reports and graphs can be generated to help clients measure and report energy cost and usage across all facilities. With a populated Utility Manager database, LPB can further help clients acquire and maintain ENERGY STAR® ratings based on industry benchmarks.
In addition to leading competitive supply solutions for electricity and fossil fuels, LPB's fully integrated service portfolio also includes demand response, utility bill processing, payment and audit and energy cost certainty solutions.
About LPB Energy Management:
LPB is a full-service energy management firm that helps clients measure, report and reduce energy costs and usage. Utility bill and meter data is centrally captured and then analyzed using LPB's innovative Utility Manager™ software, revealing actionable insight that is at the core of LPB's integrated energy management solution. With offices across the U.S., LPB has helped over 1,000 corporate and government clients reduce energy costs and increase sustainability. LPB has been recognized with ENERGY STAR® Partner of the Year and Sustained Excellence awards, as well as a GSA schedule for Energy Management Program Support. For more information, visit http://www.lpbenergy.com.