Appliance Recycling Centers of America (ARCA) Contract With Xcel Energy Extended Through 2011
Appliance Recycling Centers of America, Inc. (Nasdaq: ARCI) today announced that its contract with Xcel Energy to provide refrigerator recycling services for the utility's residential electric customers in Colorado, Minnesota and New Mexico has been extended through December 31, 2011. In addition, Xcel Energy's residential electric customers in Colorado are now offered a $50 incentive for qualifying refrigerators.
Through this energy efficiency program, an Xcel Energy customer in Colorado, Minnesota or New Mexico who turns in an old, operating secondary refrigerator will be eligible to receive an incentive check; Colorado and New Mexico residents are eligible for a $50 incentive; Minnesota residents are eligible for a $35 incentive. The incentive, which will be paid by Xcel Energy, is designed to offset the costs normally incurred when disposing of an old, secondary refrigerator, as well as the costs associated with running an inefficient secondary refrigerator.
Edward R. (Jack) Cameron, ARCA's President and Chief Executive Officer, said: 'We have enjoyed providing turnkey appliance recycling services for Xcel Energy and are extremely pleased that the program was extended into 2011. Together with Xcel Energy, we will continue to help reduce residential electricity demand, lower customers' energy bills and provide public environmental benefits in Colorado, Minnesota and New Mexico.'
About Xcel Energy
Xcel Energy (NYSE: XEL) is a major U.S. electricity and natural gas company that provides a comprehensive portfolio of energy-related products and services to 3.4 million electricity customers and 1.9 million natural gas customers through its regulated operating companies in eight Western and Midwestern states. Company headquarters are located in Minneapolis. More information is available at xcelenergy.com.