The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Globe Investor

News Sources

Take control of your investments with the latest investing news and analysis

Press release from Marketwire

EnerCare Announces New Sub-Metering Contract Awards from Two Leading Landlords

Thursday, September 06, 2012

EnerCare Announces New Sub-Metering Contract Awards from Two Leading Landlords07:30 EDT Thursday, September 06, 2012TORONTO, ONTARIO--(Marketwire - Sept. 6, 2012) - EnerCare Inc. ("EnerCare") (TSX:ECI) today announced that it has been awarded substantial new sub-metering business by two preeminent landlords in August. The awards include the installation of sub-metering systems, as well as the ongoing provision of billing and collection services to approximately 4,500 rental apartment suites in Ontario. "We are proud that we continue to be the sub-metering company of choice for rental apartment suites in Ontario," said John Macdonald, President and CEO of EnerCare. "These new awards highlight the importance of energy conservation programs and the role of sub-metering in increasing the energy efficiency potential of buildings in Canada."About EnerCare Inc.EnerCare owns a portfolio of approximately 1.2 million installed water heaters and other assets, rented primarily to residential customers in Ontario. EnerCare also owns EnerCare Connections Inc., a leading sub-metering company, with metering contracts for condominium and apartment suites in Ontario, Alberta and elsewhere in Canada.Additional information regarding EnerCare is available on SEDAR at www.sedar.com or through EnerCare's website at http://investors.enercare.ca. Information on the sub-metering business is also available at www.enercareconnections.com.FOR FURTHER INFORMATION PLEASE CONTACT: Evelyn SutherlandEnerCare Inc.CFO416.649.1860esutherland@enercare.cawww.enercareconnections.com