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NEWS RELEASE


10/27/2015 Contact: 850-413-6482

PSC’s Triple E Award Presented to Orlando’s EastGroup Properties


TALLAHASSEE — During October’s Energy Awareness Month, the Florida Public Service Commission (PSC) is recognizing EastGroup Properties in Orlando with the PSC’s Triple E Award—for Energy Efficiency Efforts. EastGroup not only builds energy efficient, environmentally-friendly buildings, the company also educates their more than 130 commercial tenants on ways to improve energy use.

“EastGroup Properties’ commitment to energy efficiency strategies is commendable, since they lead by example and ensure their tenants also learn the value of a reduced energy footprint,” said PSC Chairman Art Graham. “Especially during Energy Awareness Month, we applaud the company’s energy innovation success and its efforts to decrease energy use among EastGroup Properties’ tenants.”

Senior Property Manager Luci Smith said she accepted the Building Owners and Managers Association (BOMA) 7-Point Challenge to reduce energy and pursue multiple energy savings avenues for EastGroup’s multi-tenant industrial properties. Since that time, she has achieved the ENERGY STAR certification on all of the eligible buildings in Southridge Commerce Park.

Most recently, EastGroup’s Southridge Commerce Park has become the first industrial park in the nation to achieve the BOMA 360 designation, due largely to participation in these energy conservation and efficiency programs. The designation’s purpose is to promote standards of operational and management excellence in commercial properties and to provide a valid and objective evaluation of these properties as a service to the public, namely tenants, and the industry. In conjunction with BOMA Orlando, EastGroup Properties is also part of the Central Florida Energy Efficiency Alliance (CFEEA).

“We have facilitated over $5,000 in rebates for our tenants by educating them on Duke Energy Florida programs for commercial businesses performing annual HVAC equipment maintenance,” said Ms. Smith. “Many tenants had heard about this rebate program but were unaware of their eligibility. Their buy-in goes a long way toward tenant satisfaction and reaching our company’s energy efficiency goals.”

“Since 2007, EastGroup has received approximately $40,000 in rebates through Duke Energy for reroofing projects and has also qualified for additional rebates by installing energy-efficient lighting and occupancy sensors at various locations,” said Alex Glenn, Duke Energy state president – Florida. “We are proud to help EastGroup become leaders in energy efficiency and provide solutions to their tenants seeking greater energy efficiency and operational excellence.”

The PSC encourages cost-effective conservation and renewable energy to reduce the use of fossil fuels and defer the need for new generating capacity. Through the Florida Energy Efficiency and Conservation Act, the PSC approves conservation programs for the state’s five investor-owned utilities, JEA, and the Orlando Utilities Commission.

Covering the state’s five major geographic areas, each month the PSC gives its Triple E Award to a local business that has accomplished superior energy efficiency. Look for PSC Triple E Award recipients throughout 2015 under Hot Topic on the PSC’s homepage, http://www.floridapsc.com/.

About EastGroup Properties
EastGroup Properties, Inc. is a self-administered equity real estate investment trust focused on the development, acquisition, and operation of industrial properties in major Sunbelt markets throughout the United States, with an emphasis in the states of Florida, Texas, Arizona, California, and North Carolina. The company’s goal is to maximize shareholder value by being the leading provider in its markets of functional, flexible, and quality business distribution space (primarily in the 5,000 to 50,000 square foot range) for location sensitive customers. EastGroup’s portfolio, including development projects in lease-up and under construction, currently includes 35.8 million square feet. For more information, visit http://www.eastgroup.net/.

For additional information, visit www.floridapsc.com.

Follow the PSC on Twitter, @floridapsc.



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