Exterran Natural Gas Stations Acquired By Clean Energy Source: NGV Global Friday, 08 May 2009 00:00 USA, Seal Beach, CA
Clean Energy Fuels Corp. has entered into an agreement to acquire the natural gas fueling station business of Exterran Holdings, Inc. The acquisition agreement, for about USD 5.9 million, includes natural gas station operations and maintenance contracts covering approximately 25 million GGEs (gasoline gallon equivalents) of natural gas fuel on an annual basis for four transit operators (eight fueling facilities). Transit agencies served include Los Angeles County Metropolitan Transportation Authority (LACMTA) in Los Angeles CA, which operates the largest clean air bus fleet in the United States; Montgomery County Transit MD; Washington Metropolitan Area Transit Authority (WMATA) in Washington D.C.; and Massachusetts Bay Transportation Authority (“MBTA”) in Boston MA. “This strategic acquisition expands our participation in the transit industry nationwide,” said Andrew J. Littlefair, Clean Energy president and CEO, noting that more than 20% of the nation’s transit buses run on natural gas fuel. (Press Release)
Clean Energy Fuels Corp. has entered into an agreement to acquire the natural gas fueling station business of Exterran Holdings, Inc. The acquisition agreement, for about USD 5.9 million, includes natural gas station operations and maintenance contracts covering approximately 25 million GGEs (gasoline gallon equivalents) of natural gas fuel on an annual basis for four transit operators (eight fueling facilities). Transit agencies served include Los Angeles County Metropolitan Transportation Authority (LACMTA) in Los Angeles CA, which operates the largest clean air bus fleet in the United States; Montgomery County Transit MD; Washington Metropolitan Area Transit Authority (WMATA) in Washington D.C.; and Massachusetts Bay Transportation Authority (“MBTA”) in Boston MA. “This strategic acquisition expands our participation in the transit industry nationwide,” said Andrew J. Littlefair, Clean Energy president and CEO, noting that more than 20% of the nation’s transit buses run on natural gas fuel. (Press Release)
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