For Immediate Release

ALAMEDA POWER & TELECOM
COMMERCIAL CUSTOMER LOAN PROGRAM
TAPPED FOR ECONOMIC DEVELOPMENT AWARD

ALAMEDA, Calif., April 12, 2001 - The California Association for Local Economic Development announced today that Alameda Power & Telecom is the recipient of an Award of Merit for its Commercial Customer Loan Program.

"This recognition supports our position that energy-efficiency is good for business," says Meredith Owens, energy management coordinator at Alameda Power & Telecom. "The businesses we are working with in Alameda have come to feel the same way."

A component of Alameda Power & Telecom¹s Energy Values Program, this initiative was developed to encourage energy-efficient economic growth, particularly at Alameda Point, Alameda's former Naval Air Station. The program provides low-interest loans to commercial customers for the purchase of energy-efficient electric equipment and infrastructure improvements.

The Commercial Customer Loan Program is a cooperative effort between Alameda Power & Telecom, which buys down the interest rate on loans and provides technical analysis of electrical equipment, and the Community Bank of the Bay, which manages the entire loan process.

For more information about the award, or Alameda Power & Telecom's Energy Values Program, contact Meredith Owens at (510) 748-3947, or via email at mowens@alamedapt.com.