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SAIC Awarded $38 Million Contract by Hawaii Public Utilities Commission to Support Energy Efficiency

Posted on: Wednesday, 8 April 2009, 06:50 CDT

Company to Help Decrease Hawaii's Dependence on Foreign Oil, While Implementing and Improving Energy Security and Energy Efficiency Programs

SAN DIEGO and MCLEAN, Va., April 8 /PRNewswire-FirstCall/ -- Science Applications International Corporation (NYSE: SAI) today announced it has been awarded a prime contract by the Hawaii Public Utilities Commission to become the Program Administrator for the Hawaii Energy Efficiency Program, helping Hawaii residents and businesses become more energy efficient. The single award, multi-year contract runs through December 31, 2013, but may be extended beyond 2013 for an additional three year period. The contract has a value for the first two years of $38 million.

Hawaii residents pay among the nation's highest prices for electricity and fuel. The most oil-dependent of the 50 states, Hawaii relies on imported petroleum for about 90% of its primary energy. Most of this oil is from foreign nations, with a growing percentage from the Middle East, according to Hawaii's Department of Business, Economic Development & Tourism.

"Improving and aggressively implementing energy efficiency programs are a top priority of the commission, the State, and of the entire country. The selection of SAIC is a historic milestone in our energy efficiency efforts," said Carlito Caliboso, chairman of the Public Utilities Commission of the State of Hawaii.

Under the contract, SAIC will help Hawaii decrease the State's dependence on foreign oil, make better use of renewable resources, and improve energy security by developing and implementing enhanced energy efficiency programs. SAIC will accomplish this by overseeing the entire rate-payer funded Hawaii Energy Efficiency Program, including: program design and implementation, customer incentives and rebates, new initiatives, and interface with the Hawaii Clean Energy Initiative. The program will be restricted to cost effective efficiency measures where customer bill savings exceed program costs in the long run. SAIC will also manage efforts concerning commercial, industrial, residential, and renewable energy programs. The contract officially transfers to SAIC responsibility for rate-payer funded energy efficiency programs currently operated by Hawaiian Electric Company and its island subsidiaries.

"This new framework for energy efficiency will bring about higher overall energy savings and improve the cost-effectiveness of administering energy efficiency programs," said J.T. Grumski, SAIC senior vice president and business unit general manager. "It will also spur the introduction of innovative efficiency programs, and increase customer choice and participation in energy efficiency programs, helping residents of Hawaii save on their electricity bills."

About SAIC

SAIC is a FORTUNE 500(R) scientific, engineering, and technology applications company that uses its deep domain knowledge to solve problems of vital importance to the nation and the world, in national security, energy and the environment, critical infrastructure, and health. The company's approximately 45,000 employees serve customers in the U.S. Department of Defense, the intelligence community, the U.S. Department of Homeland Security, other U.S. Government civil agencies and selected commercial markets. SAIC had annual revenues of $10.1 billion for its fiscal year ended January 31, 2009. For more information, visit www.saic.com.

SAIC: From Science to Solutions(R)

Statements in this announcement, other than historical data and information, constitute forward-looking statements that involve risks and uncertainties. A number of factors could cause our actual results, performance, achievements, or industry results to be very different from the results, performance, or achievements expressed or implied by such forward-looking statements. Some of these factors include, but are not limited to, the risk factors set forth in SAIC's Annual Report on Form 10-K for the period ended January 31, 2009, and other such filings that SAIC makes with the SEC from time to time. Due to such uncertainties and risks, readers are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof.

Contact: Melissa Koskovich Laura Luke (703) 676-6762 (703) 676-6533 Melissa.l.koskovich@saic.com laura.luke@saic.com

SOURCE SAIC

Source: PR Newswire

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