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KEMA-Xenergy sells energy & engineering services division to ConEdison Solutions


Fairfax, Va., March 18, 2003 — KEMA-XENERGY announced the acquisition of the assets of its energy and engineering services division by ConEdison Solutions, a White Plains, New York-based energy service provider.

Formerly a unit of XENERGY, Inc., the energy and engineering division provides consulting and performance contracting services to the federal government and includes Department of Defense and Department of Energy Energy Saving Performance Contracts (ESPC). The ESPC designates a contractor as a preferred provider of energy-related services to the federal government.

“The divestiture was a strategic decision to exit the business of financing energy conservation projects and focus on our core energy consulting business with our sister company KEMA Consulting,” said Kellogg Warner, former president and CEO of XENERGY, Inc. and current executive vice president of KEMA-XENERGY.

“The professionals with the energy and engineering services division have had a distinguished career with XENERGY,” continued Warner. “Their consulting and contracting services are well-respected in the industry and by the federal government. The move to ConEdison Solutions will undoubtedly continue to provide the division with new opportunities for growth and success.”

XENERGY, Inc., continues to operate as KEMA-XENERGY, a wholly owned subsidiary of Fairfax, Virginia-based KEMA Inc. Founded in 1975, KEMA-XENERGY (www.xenergy.com) is an energy consulting and information technology firm headquartered in Burlington, Massachusetts, with offices across the United States. The firm offers consulting services on a wide range of energy issues, and works with utilities, energy service companies, industrial and commercial customers, institutions and government agencies.

About KEMA Inc.
KEMA Inc. (www.kemaconsulting.com, www.xenergy.com) provides technical and management consulting and training services to the electric power industry, assisting more than 500 clients in 70 countries. KEMA Inc. is the US subsidiary of N.V. KEMA (www.kema.nl), which was founded in 1927 and is headquartered in Arnhem, the Netherlands.

About ConEdison Solutions
ConEdison Solutions, a subsidiary of Consolidated Edison, Inc., provides a wide range of energy procurement and management services that help commercial, industrial, government and residential customers gain maximum advantage from today’s competitive energy marketplace.