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U.S.
News & World Report on April 17, 2008
Three Ways Business Can Save on Power
Experts say that commercial buildings, which account
for a third of the nation's electricity use, could
cut that figure by a third without forcing the people
inside to break a sweat. But landlords have no incentive
to spend money on energy-efficiency improvements, since
they typically just pass bloated utility costs through
to tenants. And tenants, who would be delighted to
cut utility costs, don't have the authority to make
capital improvements. It's a deadlock, but one that
Gossett's company, Transcend Equity Development of
Dallas, has a way to overcome.
Under unique agreements worked out with landlords,
Transcend Equity invests in capital energy improvements
and then earns its returns from the energy savings
it is able to squeeze out of commercial real estate.
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