News

June 9, 2003

Clean Energy to Supply LNG to Valley Metro in Phoenix

— Five-year Contract Valued at $34 Million —

Seal Beach, California (June 9, 2003) — Clean Energy, North America’s leader in clean transportation (formerly ENRG), has been awarded the LNG (liquefied natural gas) supply contract for Valley Metro, which provides public transit service in nearly 20 communities in the greater Phoenix, Arizona metropolitan area.

The five-year agreement is valued at more than $34,000,000 in revenue to Clean Energy and includes five additional one-year options.
“We are pleased to begin supplying LNG to Valley Metro, one of the leaders nationwide in providing clean transit for its customers,” said Jim Harger, Clean Energy Senior Vice President, Marketing and Sales. “This agreement reflects Clean Energy’s fast-growing position in the LNG supply market for transit and other uses.”

The Valley Metro partners — City of Phoenix, City of Tempe, and the Regional Public Transportation Authority (RPTA) — operate nearly 540 LNG-fueled buses, which currently use an estimated 8 million gallons of LNG per year. Usage is expected to grow to more than 11 million gallons per year in the fifth year of the contract.

—— Clean Energy (formerly ENRG) is the largest provider of vehicular natural gas (CNG and LNG) in North America with a broad customer base in the refuse, transit, shuttle, taxi, police, intrastate and interstate trucking, airport and municipal fleet markets with tens of thousands of vehicles fueling at more than 145 locations in the United States and Canada. Customers include Los Angeles International Airport, Phoenix Sky Harbor International Airport, SuperShuttle, SunLine Transit, Foothill Transit, Waste Management, Dallas-Ft. Worth International Airport, SYSCO Foods, Ft. Worth Transportation Agency, Denver International Airport, Denver RTD, MTDB of San Diego, LaGuardia Airport, Massachusetts Bay Transportation Authority, and the US Navy. The company partners with Ford Motor Company to help expand its market share of natural gas vehicles. Clean Energy is a private company whose major shareholders include Boone Pickens, Terasen Inc. (formerly BC Gas Inc., TSE: TER.TO), Westport Innovations Inc. (TSE: WPT.TO) and Perseus 2000 LLC. Information at: www.cleanenergyfuels.com

Historical Information
Note to Readers: The press releases, presentations and printed remarks and materials are included on this web site for historical purposes only. The information contained in these documents should be considered accurate only as of the date of the relevant document. This information may change over time. Visitors to this web site should not assume that the information contained in these documents remains accurate at a later time. We do not have any current intention, and expressly disclaim any obligation, to supplement, update or revise any of the information in these documents.