July 16, 2012 Karen Cotton
Illinois American Water Implements Solar Power at Peoria
Project will decrease energy costs by approximately 77
Peoria, Ill. (July 16, 2012) -Construction will begin this
week to install solar power at Illinois American Water's
Peoria District distribution office building located at 8400
North University in Peoria. A solar rebate from the Illinois
Department of Commerce and Economic Opportunity and a federal
tax credit will help to fund this investment.
About Illinois American Water
Illinois American Water received approximately $165,000
through the Illinois Department of Commerce and Economic
Opportunity's Community Solar and Wind Grant Program for the
installation of a 90.45 kW solar energy system. The company
will also receive a 30 percent federal tax credit to help
offset installation costs.
"This new solar power system will provide an environmentally
friendly energy source to our office in Peoria while reducing
energy cost by about 77 percent," said Karla Olson Teasley,
president of Illinois American Water.
The solar structures will be installed by local contractors
working with Day and Night Solar and CMS Renewables. In
addition to producing electricity the solar power systems
will also produce annual Solar Renewable Energy Credits
(SREC's). SREC's can be purchased by power utilities to help
them in meeting renewable energy power requirements.
According to Chris Johnson, Senior Operations Manager for the
Peoria District, "This project supports our company's
commitment to control costs. In time this investment will not
only pay for itself but will help offset rising energy costs,
which ultimately benefits our customers."
Illinois American Water, a subsidiary of American Water
(NYSE: AWK), is the largest investor-owned water utility in
the state, providing high-quality and reliable water and/or
wastewater services to more than 1.2 million people. American
Water also operates a customer service center in Alton and a
quality control and research laboratory in Belleville.
Founded in 1886, American Water is the largest publicly
traded U.S. water and wastewater utility company. With
headquarters in Voorhees, N.J., the company employs more than
7,000 dedicated professionals who provide drinking water,
wastewater and other related services to approximately 15
million people in more than 30 states, as
well as parts of Canada.
More information can be found by visiting www.amwater.com.
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