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Pala receives the largest on-bill financing loan in California for energy efficiency initiatives

 

Last updated 5/14/2015 at Noon

At the May 4 check presentation from SDG&E to Pala are, from left, Garlon Banks, vice president of facilities for Pala; Shauna Anton, chief financial officer for Pala; Bill Bembenek, chief executive officer for Pala; Theresa Nieto, tribal treasurer for Pala; Robert Smith, tribal chairman for Pala; Lisa Davidson, director of customer programs for SDG&E; Kraig Akers, Sr. account executive for SDG&E; and David Guebert, manager of federal accounts for SDG&E. Darin Fong Photography (At the May 4 check presentation from SDG&E to Pala are, from left, Garlon Banks, vice president of facilities for Pala; Shauna Anton, chief financial officer for Pala; Bill Bembenek, chief executive officer for Pala; Theresa Nieto, tribal treasurer for Pala; Robert Smith, tribal chairman for Pala; Lisa Davidson, director of customer programs for SDG&E; Kraig Akers, Sr. account executive for SDG&E; and David Guebert, manager of federal accounts for SDG&E. Darin Fong Photography)

PALA – On May 4, San Diego Gas & Electric (SDG&E) presented a $1,246,692.70 check to the Pala Band of Mission Indians and Pala Casino Spa & Resort for energy-efficient equipment scheduled to be installed in the nearly 630,000 square feet property, making it the largest on-bill financing loan ever issued in California.

Funded through SDG&E's On-Bill Financing and Energy Efficiency Business Rebates and Incentives programs, SDG&E estimates that the improvements will save Pala nearly $250,000 in electric costs each year.

The loan period will last just over four years and funds will be repai...



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