News
April 12, 2004
Clean Energy to Acquire CNG Fueling Operations
of Public Service New Mexico
Seal Beach, California (April 12, 2004) – Clean Energy,
North America’s leader in clean transportation, has reached
agreement with Public Service Company of New Mexico (PNM)
to purchase its network of natural gas fueling stations pending
final approval by the New Mexico Public Regulation Commission.
Clean Energy has assumed operations of the PNM network of
nine compressed natural gas (CNG) fueling stations, which
includes related maintenance/service contracts. This is in
addition to the one independent CNG fueling station Clean
Energy already owns and operates in New Mexico at Las Cruces.
"We look forward to working with PNM and its customers
to help develop the clean vehicle program further and leverage
New Mexico’s vast resource of natural gas," said
Mitchell W. Pratt, Clean Energy vice president, business development.
"Our size, experience and quality of service make Clean
Energy the natural partner in the state’s quest to protect
the environment and to deliver the measurable benefits of
vehicular natural gas."
Clean Energy and PNM will maintain a strategic alliance to
promote the use of natural gas vehicles (NGVs) throughout
the State of New Mexico. The two companies will also cooperate
on matters of mutual interest, such as tariff rates for NGVs
and incentive programs for the use of NGVs. No other terms
of the agreement were disclosed.
— Clean Energy 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 150
CNG 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
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