Pepco Energy Services Extends Agreement With Trump Organization to Provide Heating and Cooling Services to New Hotel Tower at Taj Mahal Casino Resort
ATLANTIC CITY, N.J., April 14 /PRNewswire-FirstCall/ — Pepco Energy Services, a subsidiary of Pepco Holdings, Inc. , has entered into a contract extension to develop, design and operate additional energy systems for Trump Organization’s Taj Mahal Casino Resort on the Boardwalk in Atlantic City, NJ through its subsidiary, Thermal Energy Limited Partnership I.
The Pepco Energy Services companies have been operating the heating and cooling facilities at Taj Mahal since 1997. With construction underway for a new 800-room hotel tower at the Taj, Pepco Energy Services and the Trump Organization have agreed to new contract terms that will extend the energy services agreement through the year 2027.
Under the terms of the contract extension, Pepco Energy Services will construct additional energy systems that will meet all the heating and cooling needs of the new hotel tower, as well as continuing to serve the rest of the Taj property. Pepco Energy Services will expand the current plant facilities at the Taj and provide operating services for all production equipment.
Joseph S. Polisano, Vice President of Project Development for Trump Entertainment Resorts, stated, “The extension of this agreement demonstrates the Taj Mahal’s confidence with Pepco Energy Services’ ability to operate and maintain our heating and cooling plant in a highly efficient and effective manner.”
Robert Dewechter, Vice President of Pepco Energy Services, commented, “We have always operated as a partner with our casino customers in Atlantic City, and this extension of our contract with Trump Taj Mahal is a clear example of the long-term relationships that we maintain with our customers. As Atlantic City enters into its next phase of growth, I am certain that Pepco Energy Services will play a critical role in meeting the energy needs of this new development, for our current customer operations as well as future expansions such as this.”
About Pepco Energy Services
Pepco Energy Services, Inc., a wholly owned subsidiary of Pepco Holdings, Inc. , provides commercial, institutional, government and industrial customers with competitive electricity and natural gas supply, and energy efficiency services. With operations in Atlantic City, NJ and Wilmington, DE, Pepco Energy Services owns and operates heating and cooling district energy systems and onsite central utility plants serving a variety of customers. Pepco Energy Services’ customers include six of Atlantic City’s casino-hotels, as well as the Atlantic City Convention Center and Boardwalk Hall, the Pier at Caesars, and other commercial properties. Visit http://www.pepcoenergy.com/ for more information.
Pepco Energy Services, Inc. is not the same company as Potomac Electric Power Company, and prices and services of Pepco Energy Services, Inc. are not set by the Public Service Commission.
Information contained in this news release may include forward-looking statements which should be considered in light of the risks inherent in the business of Pepco Holdings, Inc. and its subsidiaries, as discussed in public documents filed with the Securities and Exchange Commission.
Pepco Energy Services
CONTACT: Kim Price of Pepco Energy Services, +1-703-253-1839
Web site: http://www.pepcoenergy.com/