Shared-savings firm goes out of business: PMI users left with unserviced, malfunctioning equipment

Journal Article · Mon May 23 04:00:00 EDT 1983 · Energy User News; (United States)

OSTI ID:5867314

Galvin, C

Some customers of Performance Management Inc. (PMI) are left with non-functioning and the possible removal of equipment now that the shared-savings financing firm has gone out of business. PMI's departure from the contracts leaves no service or maintenance funds for the 50 to 100 installations in the field. Officials from most of the equipment manufacturers denied knowledge of PMI, which dealt only with independent installers and customers under a contract that called for users to share energy savings with PMI in exchange for PMI financing for installation and service. (DCK)

• OSTI ID: 5867314
• Journal Information: Energy User News; (United States), Journal Name: Energy User News; (United States) Vol. 8:21; ISSN EUSND
• Country of Publication: United States
• Language: English

Related Subjects

32 ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATION
320100* -- Energy Conservation
Consumption
& Utilization-- Buildings
CONTRACTS
ENERGY MANAGEMENT SYSTEMS
ENERGY SYSTEMS
FINANCING
MAINTENANCE
MARKETING