|FOR IMMEDIATE RELEASE
March 22, 2000
GOVERNOR DAVIS ANNOUNCES $3 MILLION
IN ENERGY LOANS FOR STOCKTON SCHOOL DISTRICT
Installation of Energy Efficient Fixtures Will Provide Savings of $380,000 in Yearly Energy Bills
SACRAMENTO Governor Gray Davis today announced the award of more than $3 million in energy loans to the Stockton Unified School District to install energy efficient light fixtures.
"These low-interest loans will improve energy efficiency in schools while enhancing the learning environment for California students," said Governor Davis. "I am committed to improve Californias energy efficiency and developing alternative and renewable forms of energy."
Stockton Unified School District administrators will use two loans totaling more than $3 million to embark on an aggressive program to improve lighting in all of its 49 schools and facilities. Among the energy efficient fixtures and controls to be installed are new T-8 lamps, electronic ballasts, compact fluorescent fixtures, light emitting diode exit signs and photo sensors.
When completed, these projects in facilities covering nearly three million square feet of space will bring the District annual energy savings of about $380,000 money that can be spent for books, supplies and other needs of a student population of 36,500.
With the savings and anticipated utility rebates and rate schedule changes, the Stockton Unified School District should be able to repay its loan in eight years.
The financial assistance to the schools was made through the California Energy Commissions Energy Conservation Assistance Act account. The Act provides low-interest loans to local governments, public and private non-profit schools and hospitals, public care institutions and other agencies willing to invest in energy efficiency.
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GOVERNOR GRAY DAVIS · SACRAMENTO, CALIFORNIA 95814 · (916) 445-2841