“I wanted you to know that we were impressed with and appreciated CG Commercial’s overall approach to providing us an outstanding financing solution for our Cogeneration Project in Arroyo Grande, California. The project was successfully completed on-time and within budget. The Cogen is now providing approximately 80% of our energy needs at the production facility.
As you know, we had specific and somewhat unique needs that were critical to gaining project approval for PXP management. CG Commercial took the time to acknowledge PXP’s financial and operational needs and ultimately structured an Operating Lease that enable us to successfully complete and fund the project. You and your team at CG Commercial maintained excellent communication throughout the entire process, provided timely payments to vendors critical to maintaining project schedule, and were a pleasure to work with.
In addition, special thanks to your accounting folks for providing us with the detailed payment records required to qualify the project for PG&E’s Self Generation Incentive. We received word yesterday from PG&E that an incentive payment of more the $800,000 has been approved!”
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