Strategic Energy and Lamar Advertising Sign Energy Management Agreement
Jul 19, 2000, 7:57 AM
Strategic Energy L.L.C. announced today a five-year Power Supply Coordination agreement with Lamar Advertising Company, one of the largest owners and operators of outdoor advertising structures in the United States. Strategic Energy's Power Supply Coordination Services will provide Lamar's western Pennsylvania locations with an initial 11% annual electricity savings plus the opportunity for lower rates over the term of the contract. "Energy is a significant operation cost for an outdoor advertising company," said Stan Geier, Vice President and General Manager of Lamar Advertising Company. "Last year, a couple of independent suppliers came in and because of the nature of our unmetered billboard accounts, they were unable to provide a quote. We believe this relationship with Strategic Energy will provide substantial value to Lamar and save significant energy dollars."