Natural Gas – Conversions, Vehicles and Technology

Clean Energy Secures Ownership of Las Vegas Network of Retail CNG Stations

November 12, 2008

SEAL BEACH, CA – The Regional Transportation Commission of Southern Nevada (RTC) has agreed to transfer ownership of five existing Las Vegas compressed natural gas (CNG) public access fueling stations to Clean Energy Fuels Corp., pending Clean Energy entering into lease agreements with the landowners at the sites of the five stations, according to Business Wire.

In addition to station ownership, Clean Energy will assume management and maintenance responsibilities for the stations, which can serve growing numbers of CNG-powered municipal fleet vehicles, airport and hotel shuttle vans, limousines, taxis, and passenger cars. Clean Energy has entered into a lease agreement with respect to the owner of three of the stations.

"The acquisition of this strategically situated network of five CNG stations — offering convenient access 24/7 — will allow us to serve the large limousine, shuttle, and taxi markets, along with the growing municipal fleets that include a broad range of light to medium-duty CNG-powered vehicles," said James Harger, senior vice president, Clean Energy, according to Business Wire. "

Las Vegas is an excellent CNG vehicle market because it is relatively small geographically, and much of the traffic is concentrated in the resort corridor and adjacent airport area, making fuel station access very convenient."

Clean Energy's acquisition of RTC's public access fuel station network complements RTC's April 2008 contract award to Clean Energy to operate and maintain two RTC transit fueling stations in Las Vegas. RTC is both the transit authority and the transportation-planning agency for Southern Nevada. The two RTC transit stations currently fuel more than 50 CNG buses and paratransit buses serving the greater Las Vegas region. A total of 45 additional new CNG buses are on order for delivery in early 2009. When fully deployed, the total resulting incremental sales at the transit stations will be 1.5 million gasoline gallon equivalents annually.

For more information, visit www.cleanenergyfuels.com.

 

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