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Veolia Energy Joins with Penn to Support the University’s Climate Action Plan

  Veolia Energy Joins with Penn to Support the University’s Climate Action
  Plan

Veolia’s multi-million dollar investment in energy infrastructure increases
efficiency and reduces annual carbon emissions by the equivalent of 70,000
cars removed from the streets

Business Wire

PHILADELPHIA -- February 7, 2013

Veolia Energy North America, a leading operator and developer of efficient
energy solutions, today announced the completion and commissioning of two new,
natural gas-fired rapid-response boilers, as part of the company’s recently
extended steam supply agreement with the University of Pennsylvania (Penn).
The rapid-response boilers replace an older, less-efficient oil-fired boiler,
increasing the overall efficiency of Veolia Energy’s steam service in the
central business and university city districts of Philadelphia, and
significantly reducing greenhouse gas emissions. As part of its extended
20-year energy agreement with Penn, Veolia Energy has expanded the scope of
services to include innovative conservation and operational improvement
initiatives.

“We are very pleased to complete these system-wide investments, including a
major upgrade in natural gas transportation infrastructure, as part of our
extended agreement to deliver efficient energy solutions to the University of
Pennsylvania, which was the first Ivy League signatory to the Presidents’
Climate Commitment,” said William J. DiCroce, president and CEO of Veolia
Energy North America. “Veolia Energy shares this commitment to the
environment, and we are delighted to help reduce the carbon footprint of both
Penn and the greater City of Philadelphia. Large campuses are a perfect fit
for our solutions and expertise, and the improvements and upgrades that we
have made will deliver substantial environmental benefits to the University of
Pennsylvania and our customers throughout Philadelphia.”

Through its research, teaching, and operational practices, Penn is dedicated
to promoting a sustainable culture and implementing environmentally conscious
policies. The agreement with Veolia Energy complements Penn’s strategy to
reduce its carbon footprint through renewable energy purchases and increased
efficiency of the University’s operations and campus wide steam distribution
network.

“Veolia Energy is delighted to contribute to the City of Philadelphia’s plans
to become the greenest city in the United States of America by 2015, and to
switch from oil to clean-burning natural gas,” said Michael J. Smedley, Veolia
Energy’s vice-president for the Mid-Atlantic region. “The innovative agreement
between Veolia Energy and the University of Pennsylvania is a significant
achievement that represents another step forward toward the achievement of the
GreenWorks vision of our Mayor, Michael A. Nutter, to enhance the quality of
life of the residents of Philadelphia.”

In Philadelphia, Veolia Energy’s district energy network serves more than 500
buildings in the central business and university city districts from three
steam production facilities and one chilled water facility. One of Veolia
Energy’s three Philadelphia steam production facilities is a 163-megawatt
combined heat and power (CHP) facility, an efficient plant that recycles the
waste heat from its power generation process into useful thermal energy, to
heat Philadelphia’s downtown district. The simultaneous production of electric
power and steam significantly reduces both the resulting air emissions and the
total amount of fuel burn that would otherwise be required from the separate
production of these two forms of energy.

About Veolia Energy North America

Based in Boston, MA, Veolia Energy North America is a leading U.S. operator
and developer of energy efficient solutions. Veolia Energy operates and
maintains the largest portfolio of efficient district energy networks in North
America. Veolia Energy Solutions operates and maintains commercial and
manufacturing energy infrastructure with guaranteed savings; designs, builds,
operates and maintains socially responsible, local energy production assets
such as combined heat and power (CHP) and renewable energy plants; and
provides energy consulting and engineering services. Visit the company’s Web
sites at www.veoliaenergyna.com and www.veolianorthamerica.com.

About Veolia Environnement

Veolia Environnement (Paris Euronext: VIE and NYSE: VE) is the worldwide
reference in environmental solutions. The company has operations all around
the world and provides tailored solutions to meet the needs of municipal and
industrial customers in the complementary segments of water management, waste
management, and energy management. Veolia Environnement recorded revenue of
$38.4 billion in 2011 and was ranked second in the worldwide utilities sector
in Newsweek magazine’s Green Rankings 2012. www.veolia.com.

Contact:

Veolia Energy North America
Rowan Sanders, 617-849-6656
rsanders@veoliaenergyna.com