Alpine July - Aug. 2011 newsletter

July - August 2011 Issue IN THIS ISSUE Simon Property Group Saves $40 Million Annually Retail Energy Management $30 Million from DOE for EnergyTraining

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Simon Property Saves Millions

Simon Property Group Saves $40 Million Annually on Energy Costs Bucking the trend by some retailers and shopping center operators to show short term bottom line budget improvements by reducing maintenance, the Simon Property Group is saving some $40 million dollars a year by doing just the opposite. According to George Caraghiaur, Vice President, Energy Services, Simon Property Group, the largest public real estate company in the United States is saving energy dollars and improving its carbon footprint by investing in maintenance and service for the U.S. properties in its worldwide 392 property portfolio.

"We have just completed our response to the Carbon Disclosure Project with an analysis that shows from 2003 through 2010 we have reduced, on a comparable basis, our energy consumption by 25%," said Caraghiaur. "For the power that we control, in common areas and where we provide cooling for our tenants, that equates to a market value of more than forty million dollars in terms of avoided costs on an annual basis."

Find Out How Simon Saves -- Click Here

Retail Energy Management

Booth 92 at the PRSM

Retail Owners Take More Active Approach to Energy Management

Mid-Year Conference, September 14th - 16th in Chicago, IL.

A recent article in Retail Traffic says more retail center owners are now taking a more active approach to energy management.

The article by Jennifer Popovec says that "Ever since the outbreak of the financial crisis in 2008, cost control has been on the agenda for retail real estate firms. In the face of declining incomes and property values, companies have reduced head count, slashed budgets, and tried anything else they could come up with to cut down on how much money they spend. In many cases, they've deferred maintenance and cut back on cleaning schedules at properties."

The article says despite stringent cuts, firms now are looking at curbing energy costs and Going Green measures to further boost profitability. "In many areas, firms have cut to the bone. But there's one place where there is still room for continued savings: energy. And given that energy costs are rising, the pressure to make properties more efficient is even higher. Indeed, although going Green is a goal for many firms, the incentive of cutting costs has proven to be a greater driver of improvements in energy management at shopping centers."

Read More Here

Department of Energy Funds Available

$30 Million Funded to Train Next Generation of Energy Efficiency Experts Energy Secretary Steven Chu has announced the availability of more than $30 million to train undergraduate- and graduate-level engineering students in manufacturing efficiency to help them become the nation's next generation of industrial energy efficiency experts. Through the Industrial Assessment Center program, university teams across the country will gain practical training and skills that will enable them to conduct energy assessments in a broad range of manufacturing facilities and help them

compete in today's economy. These groups of student engineers will help local companies and factories to reduce energy waste, save money, and become more economically competitive.

"Through this industrial efficiency training program, students will gain hands-on experience and training for jobs in a growing global sector, while at the same time, reducing energy waste for American businesses and helping to make our manufacturing facilities more competitive," said Secretary Chu. "This program will make sure that the next-generation of American workers has the education and skills they need to further our transition to a clean energy economy."

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