Castleton Commodities International LLC (“CCI” or “the Company”) today announced that CCI Energy Solutions (CCIES, has completed its first conversion project in New York City by partnering with Services for the UnderServed (SUS), a New York-based non-profit organization that supports individuals and families facing challenging life situations.
The conversion to natural gas has been performed at no upfront cost to SUS and is expected to reduce its annual energy costs by more than 40 percent.
CCIES is a joint venture between CCI and Chesapeake Energy Corporation, the second-largest producer of natural gas in the U.S. CCIES’s energy efficiency solutions are designed to advance New York City's clean heat laws and initiatives, which require more than 9,000 residential and commercial buildings to convert to cleaner-burning fuel alternatives over the next two decades The cost-savings and environmental benefits of converting to natural gas are well established and the unique CCIES approach allows building owners to finance the conversion of heating systems to natural gas and implement other energy efficiency measures with no upfront investment.
“We are very excited to have completed our first natural gas conversion project in New York City,” said Richard Rapp, President and Chief Executive Officer of CCIES. “It is even more rewarding that our first project supports an outstanding organization like Services for the UnderServed by helping them reduce energy costs – cost savings that can be used to make a difference in the lives of many people.”
About CCI Energy Solutions
CCI Energy Solutions is an energy solutions provider that offers comprehensive implementation services related to natural gas conversion and other energy efficiency measures. The company works with building owners, developers, co-op boards and managing agents to provide turnkey services that address every aspect of the conversion and implementation processes including: engineering, design, permitting, funding, and securing long-term gas supply. For more information, view www.ccienergysolutions.com.
About Castleton Commodities International LLC
CCI (formerly Louis Dreyfus Highbridge Energy) is a global commodities merchant with an integrated set of operations consisting of the marketing and merchandising of commodities and the ownership, operations, and development of commodities-related upstream and infrastructure assets. The Company markets a broad range of physical commodities including natural gas, natural gas liquids, refined products, crude oil, fuel oil, freight, petrochemicals, electric power and coal and financial instruments related to commodities. CCI is headquartered in Stamford, CT with offices in Houston, Texas, and Denver, Colorado, as well as foreign affiliate offices in Calgary, Canada; Geneva , Switzerland; Shanghai, China; Singapore; and Uruguay.
About Services for the UnderServed
Founded in 1978, Services for the UnderServed has gained a reputation for supporting individuals and families facing challenging life situations such as mental illness, developmental disability, physical disability, AIDS, homelessness, unemployment and poverty. SUS’s uniqueness lies in its commitment to and expertise in providing tailored services to persons with complex needs, while meeting their personal goals and preferences. Many of the individuals SUS serves have not found other service providers able to do so. SUS’s services include a complete continuum of permanent and transitional housing for veterans and veteran families emerging from homelessness or facing the threat of housing instability. SUS’s housing staff provides onsite care coordination and referral to mental health, substance abuse treatment and employment solutions for veterans.
For further information, please contact:
Vice President, Investor Relations
Castleton Commodities International LLC
Tel: (203) 564-8332
October 30, 2013