County Geriatric Facility Saves More Than $700,000 Annually; Cinergy Solutions, Phoenix Mechanical Joint Effort Finds Customized Project Success

Business Wire, July 19, 2004

ROYERSFORD, Pa. -- The Montgomery County Geriatric & Rehabilitation Center is undergoing extensive energy efficiency improvements, as part of a comprehensive Facility Renewal Program developed by Cinergy Solutions, an energy service company specializing in facilities and infrastructures solutions and Phoenix Mechanical, Inc., a full service mechanical contractor. The facility improvements are funded by more than $700,000 in annual energy and operating costs savings.

The Center, which combines rehabilitative therapy with palliative treatment for more than 590 patients, is in need of new infrastructure elements due to the age of the facility. Among the improvements are lighting retrofits, new chillers, cooling tower and pumps, new air handling units, new steam boiler plant and a direct digital control system.

"These new retrofits will be a great benefit for the Center and our patients," explained Robert Graf, Chief Operating Officer for Montgomery County Geriatric & Rehabilitation Center. "Cinergy Solutions and Phoenix's innovative payment option allows these improvements to be made essentially at no cost to us."

The Facility Renewal Program is unique in that it addresses both the energy efficiency of the facilities and the gas and electric utilities purchased by the Geriatric Center. This Balanced Approach to energy management allows Cinergy Solutions and Phoenix Mechanical's customers to pay less and use less energy, thus saving more. This unique approach eliminates volatility associated with utility rates while providing energy efficient facility upgrades that pay for themselves.

Work on the project commenced in January and is slated for completion in December.

"This customized payment option creates a beneficial situation for Montgomery County Geriatric & Rehabilitation Center and for Cinergy Solutions," said Cinergy Solutions' Vice President, Rod Husk. "This energy project seeks to strengthen the Center's financial future by providing long-term, quantifiable savings while upgrading and providing enhanced reliability and comfort in the facility. Cinergy Solutions is proud of this partnership."

About Cinergy Solutions

Cinergy Solutions, an affiliate of Cinergy Corp. (NYSE:CIN), one of the largest diversified energy companies in the US, offers a complete range of energy solutions from on-site generation and energy conservation to renewable energy supplies and maintenance of high-voltage electric and gas infrastructure. Cinergy Solutions' award-winning team of energy demand management specialists provides one of the top energy use reduction, design-build services in North America providing energy-efficiency design, engineering, construction and facility-management services to commercial, municipal, institutional and industrial clients. Delivering innovative facilities solutions that immediately improve facility performance, Cinergy Solutions' design-build experts rejuvenate existing buildings that cost less to operate while reducing impact on the environment. With more than 20-years of experience in energy-related services and a strong reputation for both specific and comprehensive projects, Cinergy Solutions has ready access to a wealth of resources and expertise across North America.

About Phoenix Mechanical

Phoenix Mechanical is regionally recognized as a full-service company capable of handling all aspects of mechanical services from design through installation and maintenance. Its team of professionals specializes in mechanical construction, facilities maintenance, energy management and life safety services. It serves the most renowned general contractors, developers and building owners in the region. Phoenix Mechanical guarantees a response you can count on 24 hours a day, 7 days a week, 365 days a year. (www.teamphoenix.com)