College's shared savings exceed expectations

A shared-savings contract at a Massachusetts community college with all-electric facilities may reduce electricity consumption as much as 50% instead of the estimated 39%. Maintenance and repair of existing timeclocks, relays, and pneumatic controls for building equipment and a lighting retrofit in the swimming pool area are equipment and a lighting retrofit in the swimming pool area are responsible for the savings. The college was one of four state-owned institutions to participate in a pilot shared-savings program, under which the college will receive 20% of the savings until the Hospital Efficiency Corp. recovers 123% of its costs. At that point, the college will receive all the savings.