The 29-month contract represents an annual load of 155,000 MWhenough to power 8,600 homesat more than 440 Stripes stores primarily located in West and South Texas. Under the rebate program, many of the stores will upgrade their HVAC controls, retrofit fluorescent lighting fixtures and implement LED lighting technology inside freezers and under [image-nocss] exterior canopies.
"The rebate program not only provides strong incentives for our convenience stores to be more energy efficient, but it also helps us do our part to make a positive impact on the environment," said Mary Sullivan, CFO for Stripes. "We look forward to seeing how this program and our efforts to switch out lighting in our stores and upgrading to more energy efficient air conditioners throughout West and South Texas impacts the bottom line."
Under the Energy Efficiency Rebate Program, Stripes has received rebates for retrofitting T12 fluorescent fixtures with more efficient T8s and replacing less-efficient lighting fixtures with LED canopy fixtures and installing TXU Energy exclusive internet accessible iThermostats in a few test stores.
Business customers interested in the Energy Efficiency Rebate Program must sign a minimum 12-month contract with TXU Energy and install proven energy-efficiency technologies, including fluorescent fixture retrofits, LED exit signs, programmable thermostats and high-efficiency HVACs. TXU Energy is the only retail electricity provider in the state to provide this type of energy rebate program to businesses looking to help the environment.
"Our rebate program was designed to help our business customers be more environmentally conscious," said Tom Leverton, COO for TXU Energy. "Businesses are not only looking to improve their bottom line, but also help the environment. Our rebate program helps them accomplish both."
Stripes LLC, the retail arm of Susser Holdings Corp., operates more than 520 retail convenience stores in Texas, Oklahoma and New Mexico.
TXU Energy is a utility that provides electricity and related services to more than 2 million electricity customers in Texas.
Corpus Christi, Texas-based Susser is a third-generation, family-led business that operates more than 520 c-stores in Texas, New Mexico and Oklahoma under the Stripes and Town & Country banners. Restaurant service is available in more than 300 of its stores, primarily under the proprietary Laredo Taco Co. and Country Cookin' brands. The company also supplies branded motor fuel to approximately 380 independent dealers through its wholesale fuel division.
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