Chevron Energy Solutions, Oceanic Time Warner Cable, Tioga Energy Announce Largest Solar Canopy Project on Oahu

HONOLULU, Dec. 14, 2010 /PRNewswire/ -- Chevron Energy Solutions, a unit of Chevron Corporation (NYSE: CVX), Oceanic Time Warner Cable and Tioga Energy announced today the groundbreaking for a 856-kilowatt solar system at Oceanic's Mililani Tech Park. The project is the largest solar canopy project on Oahu.

"We're excited to work with Chevron Energy Solutions and Tioga Energy to incorporate sustainability into the way we do business. The savings we expect to generate in the years to follow ensure our company's stability in the market, and our ability to provide quality service to our customers," said Norman Santos, vice president of operations for Oceanic Time Warner Cable.

Chevron Energy Solutions designed, engineered and will construct the solar project that includes solar photovoltaic panels on two buildings and parking canopies. Tioga Energy will finance, own and operate the system, selling the generated electricity to Oceanic Time Warner Cable over the next 20 years.

"We are pleased to work with Oceanic Time Warner Cable and Tioga Energy to demonstrate how companies can use renewable power," said Jim Davis, president of Chevron Energy Solutions. "This project is a great example of how companies are helping the State of Hawaii meet its clean energy goals."

By reducing the purchase of utility power, the project is expected to reduce carbon emissions equivalent to the carbon sequestered annually by more than 225 acres of trees. Under the Hawaii Clean Energy Initiative, the state is transforming 70 percent of its power to clean energy by 2030.  The rooftop solar installation on Oceanic's new annex building at Mililani Tech Park is expected to help the company achieve LEED Gold for this building. The project is expected to be completed in the first quarter of 2011.

"We are pleased to be working with a world-class partner like Chevron Energy Solutions to deliver a turnkey solar solution to Oceanic Time Warner Cable, enabling the company to demonstrate its commitment to sustainability while saving money from day one," said Paul Detering, CEO of Tioga Energy. "We look forward to working with these organizations as this project comes to fruition."

An event is being held today at Oceanic's Mililani Tech Park to celebrate the start of construction. Attendees expected to attend include community members and business officials.