OFFICE OF THE GOVERNOR
PR99:181 FOR IMMEDIATE RELEASE
July 27, 1999
GOVERNOR DAVIS ANNOUNCES ENERGY LOAN
FOR STANISLAUS COUNTY SCHOOL DISTRICT
Funds Will Be Used to Replace Heating System in Student Computer Lab and Superintendent's Offices
SACRAMENTO- Governor Gray Davis today announced that the Stanislaus County Office of Education in Modesto will receive a low interest energy loan from the State. In keeping with the Governor's commitment to California schools and the environment, the loan will encourage energy efficiency in a Stanislaus County school district building that houses the offices of the County superintendent of schools and a large computer lab for students.
Stanislaus County school administrators will use the $257,000 loan toward the cost of replacing the 25-year old electric heating and cooling system in its administration building. Stanislaus County, the previous building owner will provide the balance of the project's total cost of $426,000. The building's new cooling system featuring an electric chiller, variable frequency drive pumps, and a natural gas-fired boiler, will help save county taxpayers $32,500 yearly in energy costs that can be invested in the educational well-being of students.
The loan to the Stanislaus County Office of Education was made through the California Energy Commission's Local Jurisdiction Energy Assistance Account, which provides financial assistance to school districts in implementing energy-efficiency projects. With the savings alone, the educators should be able to repay their loan with a 5.4 percent annual interest rate in less than eight years. The Energy Commission will use the loan repayments to fund future projects.
# # #
GOVERNOR GRAY DAVIS - SACRAMENTO, CALIFORNIA 95814 - (916) 445-2841