Breaking News

U.S. May Home Prices Rise 0.4% From Previous Month: FHFA
Tweet TWEET

Central Hudson Gas & Electric helps Hudson Valley Businesses Save Money

  Central Hudson Gas & Electric helps Hudson Valley Businesses Save Money

Business lighting upgrades are reducing energy use and lowering ongoing
operating costs

Business Wire

HUNTERSVILLE, N.C. -- December 06, 2012

Hudson Valley businesses are continuing to benefit from Central Hudson’s
Business Lighting Upgrades, for which Lime Energy (NASDAQ: LIME) is the
exclusive implementer for the Mid-Hudson Valley. By offsetting the project
costs by up to 70 percent for upgrading their lights for qualified small and
medium sized business customers, Central Hudson is encouraging local companies
to waste less energy. In turn, businesses save up to 30 percent on their
monthly energy bill. Headquartered in Poughkeepsie, NY, Central Hudson Gas &
Electric Corporation serves approximately 300,000 electric and 75,000 natural
gas customers in portions of eight counties of New York State’s Mid-Hudson
River Valley.

“Central Hudson has helped more than 2,000 Hudson Valley businesses create a
brighter, more pleasant work environment,” said Brian Dimisko, Division
Manager of Energy Efficiency for Central Hudson. “New lighting options,
including light-emitting diode (LED) fixtures and outdoor lighting, now make
it possible for small and mid-sized businesses, office buildings and other
facilities to upgrade to more efficient lighting with little out-of-pocket
expense, and customers may cover their portion of the investment with a
convenient extended payment plan for 24 months, which is typically the time
the investment pays for itself.”

To date, participants together are lowering their electric bills by more than
$3.5 million per year and are avoiding 20,314 tons of greenhouse gas emissions
into the environment, realizing in total an estimated annual savings of more
than 38 million kilowatt-hours in electrical usage, or enough energy to power
4,697 homes for one year.

“We are glad to be helping our valued business customers realize financial
savings while making the Hudson Valley a more sustainable place to live,” said
Dimisko.

About Lime Energy

Lime Energy is a national leader in designing and implementing energy
efficiency programs for utilities, government agencies and private
enterprises. Our innovative solutions enable our clients to meet their energy
savings and carbon reduction goals across a portfolio of facilities, driving
increased profitability and competitiveness. We bring proven results and over
25 years of experience that enable us to scale energy efficiency programs to
meet increasing clean energy regulations.

About Central Hudson

Central Hudson Gas & Electric Corporation is a regulated transmission and
distribution utility company, serving approximately 300,000 electric and
75,000 natural gas customers in eight counties of New York State’s Mid-Hudson
River Valley, delivering natural gas and electricity in a 2,600-square-mile
service territory that extends north from the suburbs of metropolitan New York
City to the Capital District at Albany. Central Hudson is a wholly owned
subsidiary of CH Energy Group, Inc., predominantly an energy delivery company
headquartered in Poughkeepsie, NY

FORWARD-LOOKING STATEMENTS

This news release includes forward-looking statements within the meaning of
the safe harbor provisions of the Private Securities Litigation Reform Act of
1995 including statements that reflect Lime Energy's current expectations
about its future results, performance, prospects and opportunities. Lime
Energy has tried to identify these forward-looking statements by using words
and phrases such as "may," "expects," "anticipates," "believes," “hope,”
"intends," "estimates," "plan," "should," "typical," "preliminary," or similar
expressions. These forward-looking statements are based on information
currently available to Lime Energy and are subject to a number of risks,
uncertainties and other factors that could cause Lime Energy's actual results,
performance, prospects or opportunities to differ materially from those
expressed in, or implied by, these forward- looking statements. These risks
include those described in Lime Energy's most recent Annual Report on Form
10-K or as may be described from time to time in Lime Energy's subsequent SEC
filings; such factors are incorporated here by reference.

Photos/Multimedia Gallery Available:
http://www.businesswire.com/multimedia/home/20121206005811/en/

Multimedia
Available:http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50499916&lang=en

Contact:

Bristol Capital Ltd.
Investor Relations
Glen Akselrod, 905-326-1888
glen@bristolir.com