Retailer Honored for Green Power Commitment

Coinciding with the start of National Energy Efficiency Month, Tennessee and North Carolina officials honored Wilkesboro, North Carolina-based Lowe’s, a home improvement company with stores in 45 states for its corporate energy initiatives and leadership.

Springfield, Tennessee – October 2, 2003 [] The Tennessee Valley Authority (TVA) presented Lowe’s with its first ever Green Power Switch Leadership Award. Green Power Switch is a renewable energy option, which provides electricity generated by clean, renewable energy sources such as wind, solar and methane gas. Similarly, the Tennessee Department of Environment and Conservation (TDEC) honored Lowe’s with the Tennessee Energy Leadership Award. “Lowe’s is setting an example for others to follow,” said Commissioner Betsy Child of the Tennessee Department of Environment and Conservation. “Lowe’s public education efforts include staff training and in-store promotion of Energy Star products. The company is also the largest single supporter of Green Power in the TVA service region, and indeed, in the entire Southeast.” In 2002, Lowe’s committed to purchase Green Power Switch for all its facilities within the TVA region where available. At present, energy produced under Green Power guidelines is used at 34 Lowe’s stores in Tennessee, Kentucky, Alabama, and Georgia. Lowe’s stated that annual environmental impact of the company’s Green Power purchase is the equivalent of planting over 900 acres of trees. “Environmental stewardship is at the core of Lowe’s operation,” said Michael Chenard, director of environmental affairs for Lowe’s. “Clean, reliable energy generation, like the sources used in Green Power, is consistent with Lowe’s commitment to enhancing our company’s operations.” Lowe’s is also the only corporation to sign on as a founding sponsor for a similar initiative being introduced by North Carolina, NC GreenPower, an initiative launched with the support of the Environmental Protection Agency (EPA) and North Carolina Utilities Commission at events in Charlotte and Raleigh. Lowe’s other energy efforts include the recent installation of a commercial solar rooftop electric system at its West Hills, California, store. The PowerLight solar generation system covers 37,500 square feet, and produces enough electricity during the daytime to power more than 370 homes. The EPA and Department of Energy (DOE) have also named Lowe’s the 2003 Energy Star Retail Partner of the Year for its outstanding contribution to reducing greenhouse gas emissions and promoting and selling energy-efficient products. “We believe that investing in programs that reduce the impact that we have on the environment is the right thing to do,” said Robin Nickles, Lowe’s vice president of retail facilities management. “It’s good for the environment, it’s good for our business, and, most importantly, it’s good for the next generation and beyond. At Lowe’s, we accept this responsibility and we have committed to do our part to help lead these efforts.”

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