Pepco Energy Services, a subsidiary of Pepco Holdings, Inc. and a leader in energy savings performance contracting, has been selected by the Golden, Colorado Contracting Office of the United States Department of Energy for award of a $5 billion master Indefinite Delivery Indefinite Quantity (IDIQ) Energy Savings Performance Contract (ESPC).

ESPC contracts allow federal agencies to accomplish energy projects for their facilities both nationally and internationally without up-front capital costs. Pepco Energy Services was one of several ESCOs competitively awarded this IDIQ contract. The award was based on Pepco Energy Services’ demonstrated capabilities to provide energy projects to federal agencies. The new Pepco Energy Services five-year contract provides for a maximum contract value of $5 billion over the life of the contract. The contract also contains an option for two three-year extensions for a potential 11-year contract, if both options are exercised.

ESPC projects implemented under this IDIQ contract ultimately become a partnership between the Federal Government and Pepco Energy Services. Pepco Energy Services conducts comprehensive energy audits and identifies improvements that will save energy at government facilities. In consultation with agency customers, Pepco Energy Services designs and constructs projects that meet the agency’s needs and arranges financing to pay for it. These improvements are projected to generate savings sufficient to pay for the project over the term of the contract. After the contract ends, all additional cost savings accrue to the agency.

Accredited by the National Association of Energy Service Companies (NAESCO), Pepco Energy Services has completed energy savings performance contracts for many federal, state and local government entities. Pepco Energy Services has served over 30 Federal customer agencies which include Andrews Air Force Base, the National Institutes of Health, the Military District of Washington, and the General Services Administration. These projects have incorporated co-generation, photovoltaic systems, and geothermal heat pumps, as well as other traditional energy conservation measures.