Appliance Recycling Centers of America (ARCA) Launches Santee Cooper’s Refrigerator Rebate Program

22 October 2009 2,758 views No Comment

Appliance Recycling Centers of America (ARCA) Launches Santee Cooper’s
Refrigerator Rebate Program

MINNEAPOLIS, Oct. 21 /PRNewswire-FirstCall/ — Appliance Recycling Centers of
America, Inc. (Nasdaq: ARCI) today announced that it is the official turnkey
provider for Santee Cooper’s Refrigerator Rebate Program. ARCA will provide
the refrigerator recycling services, as well as issue ENERGY STAR® rebates,
for the utility’s residential and commercial electric customers in South
Carolina who participate in the energy efficiency program. The program is
scheduled to run for three (3) years.
Through the program, participating utility customers are eligible for a
variety of incentives that promote the use of energy efficient refrigerators.
Santee Cooper’s customers are offered a $40 rebate towards the purchase of a
new ENERGY STAR refrigerator. Customers receive a $75 rebate when they
purchase a new ENERGY STAR refrigerator and recycle their old, energy-hogging
refrigerator. Customers who purchase a new ENERGY STAR refrigerator can
recycle two (2) of their old, working refrigerators, totaling a rebate of
$110. Additionally, customers who turn in an operating but energy inefficient
refrigerator without the purchase of a new ENERGY STAR unit will be eligible
for a $35 incentive check.
Santee Cooper is South Carolina’s state-owned electric and water utility, and
the state’s largest power producer, supplying electricity directly or
indirectly to more than 2 million South Carolinians.
ARCA currently provides services for 142 other electric utilities in the U.S.
and Canada.
Edward R. (Jack) Cameron, President and Chief Executive Officer, said: “We
are extremely pleased to have the opportunity to provide turnkey appliance
recycling services, including rebate processing, for this energy efficiency
program sponsored by Santee Cooper. By capitalizing on ARCA’s extensive
experience in environmentally sound appliance recycling, Santee Cooper will
reduce residential electricity demand, help lower their customers’ energy
bills and reduce costs normally associated with the purchase of a new, energy
efficient appliance.”
About ARCA
ARCA (www.arcainc.com) is one of the nation’s largest recyclers of major
household appliances for the energy conservation programs of electric
utilities. The Company is also the exclusive North American distributor for
UNTHA Recycling Technology (URT), one of the world’s leading manufacturers of
technologically advanced refrigerator recycling systems and recycling
facilities for electrical household appliances and electronic scrap. With over
20 years experience, ARCA has set the standard for providing large- and
small-scale appliance management services, including collection, processing
and recycling. Since 1976, ARCA has recycled over 3,000,000 appliances through
a variety of energy efficiency programs, as well as through contracts with
manufacturers, retailers and local governments, in the United States and
Canada.
This press release contains statements that are forward-looking statements as
defined within the Private Securities Litigation Reform Act of 1995. These
forward-looking statements are subject to risks and uncertainties that could
cause actual results to differ materially from the statements made, including
the risks associated with general economic conditions, competition in the
retail and recycling industries and regulatory risks. Other factors that could
cause operating and financial results to differ are described in ARCA’s
periodic reports filed with the Securities and Exchange Commission. Other
risks may be detailed from time to time in reports to be filed with the SEC.
SOURCE Appliance Recycling Centers of America, Inc.