AMB Properties Media Contact: Sara Klein, (415) 733-9447
www.amb.com
Southern California Edison Media Contact: Gil Alexander, (626) 302-2255
www.edison.com/pressroom
ROSEMEAD, Calif., March 18, 2010 – Southern California Edison (SCE) today announced plans to install 16,300 advanced solar panels on the roof of a 436,000-square-foot facility in Rialto, Calif. owned by an affiliate of AMB Property Corporation, a leading owner, operator and developer of global industrial real estate in the Americas, Europe and Asia.
The new solar rooftop facility will be completed in time to help meet this summer’s peak power needs of SCE customers. It will join SCE installations already online in Fontana and Chino, Calif. with a combined generating capacity of 3 million watts. SCE plans to install a total of 250 million watts of solar generation at up to 100 Southern California sites during the next five years.
“We are pleased to be working with AMB to turn their valuable rooftop real estate into a clean new power station serving our Inland Empire customers,” said SCE President John R. Fielder.
The 1 million watts of solar generating capacity to be installed on the AMB facility will be connected to SCE’s nearest neighborhood distribution circuit and benefit all SCE customers.
“We actively pursue solar energy opportunities across our global portfolio,” said Aaron Binkley, AMB's director of Sustainability. "This project presents a timely opportunity to add value to our property portfolio while supporting SCE’s substantial commitment to renewable energy.”
SCE Solar Project Benefits
- New generation sources will be installed in areas where customer demand is rising.
- The installations will speed up California’s deployment of solar generation while major new renewable energy transmission lines are being built such as SCE’s 4,500 megawatt Tehachapi Renewable Transmission Project.
- SCE grid engineers will be studying the electrical effects of a high penetration of photovoltaics on distribution circuits and adapting circuits to accommodate these large installations. The information gained will be shared with the power industry.
- SCE anticipates its solar power project will create as many as 800 new green jobs in Southern California’s solar industry. The International Brotherhood of Electrical Workers, one of SCE’s project partners, is supporting the project through the expansion of its solar installation apprentice training program.
About Southern California Edison
An Edison International (NYSE:EIX) company, Southern California Edison is one of the nation’s largest electric utilities, serving a population of nearly 14 million via 4.9 million customer accounts in a 50,000-square-mile service area within Central, Coastal and Southern California.
About AMB Property Corporation
AMB Property Corporation® is a leading owner, operator and developer of global industrial real estate, focused on major hub and gateway distribution markets in the Americas, Europe and Asia. As of December 31, 2009, AMB owned, or had investments in, on a consolidated basis or through unconsolidated joint ventures, properties and development projects expected to total approximately 155.1 million square feet (14.4 million square meters) in 47 markets within 14 countries. AMB invests in properties located predominantly in the infill submarkets of its targeted markets. The company’s portfolio is comprised of High Throughput Distribution® facilities—industrial properties built for speed and located near airports, seaports and ground transportation systems.
AMB’s Forward Looking Statement
Some of the information included in this media alert contains forward-looking statements, such as installation of solar panels at AMB Vista Rialto , which are made pursuant to the safe-harbor provisions of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. Because these forward-looking statements involve risks and uncertainties, there are important factors that could cause our actual results to differ materially from those in the forward-looking statements, and you should not rely on the forward-looking statements as predictions of future events. The events or circumstances reflected in forward-looking statements might not occur. You can identify forward-looking statements by the use of forward-looking terminology such as “believes,” “expects,” “may,” “will,” “should,” “seeks,” “approximately,” “intends,” “plans,” “pro forma,” “estimates” or “anticipates” or the negative of these words and phrases or similar words or phrases. You can also identify forward-looking statements by discussions of strategy, plans or intentions. Forward-looking statements are necessarily dependent on assumptions, data or methods that may be incorrect or imprecise and we may not be able to realize them. We caution you not to place undue reliance on forward-looking statements, which reflect our analysis only and speak only as of the date of this release or the dates indicated in the statements. We assume no obligation to update or supplement forward-looking statements.
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Third Installation in Southern California Edison’s Large Solar Power Project to Take Place in Rialto
