Clean Energy Signs Fueling Contract for City of Las Vegas Transit Fleet
– Agreement Marks First Vehicle Fueling Operations in Nevada for Clean Energy –
Seal Beach, Calif. (April 24, 2008) - Clean Energy Fuels Corp. (Nasdaq:CLNE) has been awarded the contract to supply compressed natural gas (CNG) fuel and provide operations and maintenance for two transit fueling stations in Las Vegas, Nevada by the Regional Transportation Commission of Southern Nevada (RTC). The RTC is both the transit authority and the transportation planning agency for Southern Nevada.
The two RTC stations currently fuel more than 50 CNG buses and paratransit vans serving the greater Las Vegas region. A total of 45 new CNG buses are on order for delivery in 2009.
"Las Vegas is an exceptional market for natural gas vehicles -- air quality is compromised by diesel emissions and the expanding CNG bus fleet can help improve the air quality measurably," said Andrew J. Littlefair, Clean Energy President and Chief Executive Officer. "The favorable cost differential between natural gas and diesel fuels adds even more value for the RTC and the community it serves."
With the addition of the new buses, fueling volume at the two stations is expected to exceed 1,500,000 gallons per year beginning in 2009.
About Clean Energy
Clean Energy, based in Seal Beach, Calif., is the leading provider of natural gas (CNG and LNG) for transportation in North America. It has a broad customer base in the refuse, transit, ports, shuttle, taxi, regional trucking, airport and municipal fleet markets, fueling more than 14,000 vehicles daily at strategic locations across the United States and Canada. Information at:
This news release from Clean Energy contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 that involve risks, uncertainties and assumptions. Actual results and the timing of events could differ materially from those anticipated in these forward-looking statements including the number of additional natural gas buses the RTC will add to its fleet, the timing of any such additions and the expected fueling volume at the stations. The forward-looking statements made herein speak only as of the date of this press release and the company undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.
Bruce Russell, 310-559-4955 x101
John Mills/Ina McGuinness, 310/954-1100
Clean Energy (Nasdaq: CLNE) is the leading provider of natural gas (CNG and LNG) for transportation in North America. It has a broad customer base in the refuse, transit, shuttle, taxi, trucking, airport and municipal fleet markets with more than 14,000 natural gas vehicles fueling at strategic locations across the United States and Canada.
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