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Case Studies (references
on request)
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Engineering
Audit Uncovers $87,210 Overcharge (Landlord
Bill Issue) |
The
client is an in line tenant with over 2,200 locations
throughout the United States and Canada. About one third
of their locations are in super regional malls. In one
Pennsylvania location, the common area utility expense
as well as the tenant electric charge was way out of line
for a store of its size.
REMCO
concluded through an engineering audit that the landlord
was charging out the entire master meter bill to the in-line
tenants, which included the landlord's 40 story office
building along with the major department stores.
In this
particular case, REMCO was able to get back over $87,210
for this client.
California,
Specialty Retailer
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Fraudulent
Documents Cause $72,151 Overcharge (Landlord
Bill Issue) |
This
client is a retailer with over 550 locations nationwide
with an energy spend of approximately $13,000,000.
In reviewing
the charges, REMCO's analyst suspected that the client
was being overcharged by the landlord. After further analysis,
it was discovered that the landlord created fraudulent
back up using utility company letter head. REMCO was able
to recoup $72,151 for their client, which covered a 6 year
period.
Texas,
Big Box Retailer |
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Inflated
Meter Readings Cause $63,254 Overcharge (Landlord
Bill Issue) |
The
client is a retailer in excess of 916 stores located in
37 states, with a large mall presence.
In
this case, REMCO's analysts and engineers could not resolve
the overcharge issue without installing a test meter which
was monitored over the internet. The results of the test
meter showed that landlord's meter readings were inflated
from the inception of the lease.
REMCO
was able to recover $63,254 for this client.
Pennsylvania,
Convenience Store |
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$536,221
in Overcharges Missed by Other Auditor (Utility
Bill Issue) |
The
client is an in–line tenant with approximately 225 locations.
Initially,
the client retained REMCO to review only their landlord
utility charges. Recently
the client asked to look at their direct paid utility bills
which were previously reviewed by another energy consultant.
REMCO's analysts and engineers found $536,221 in additional
overcharges.
The other
consulting company only found $2,331 in overcharges for
the same locations.
South
East, Sporting Goods |
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Landlord's
Overcharge Becomes Tenant's Problem - $230,125
Recovered |
This
client is one of our big box store clients with 998 locations. The
particular location is 65,223 square feet in North East
Pennsylvania.
Under
initial review, REMCO's engineers knew that a $651,237
charge for 22,517 square feet of CAM space was totally
unreasonable. It was not until a further investigation
that they discovered the demand meter was malfunctioning.
In summary, because of the meter error, the landlord
was being overcharged by the utility provider. The landlord
since received a credit from the utility company
of $1,575,331.22.
REMCO
was able to obtain a $230,125 refund for the client.
North Eastern Pennsylvania,
Big Box Store
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Malfunctioning
Meter Causes $32,961 Overcharge (Utility
Bill Issue) |
This
client has 126 locations in 47 states. This
particular site was in a strip center mall.
At first
glance it looked as though the client had an operational
problem because of the magnitude of the overcharge. However,
REMCO's engineering department determined that the meter
was malfunctioning.
The meter
was replaced and REMCO was able to obtain a $32,961.14
refund for the client from their utility provider.
South
West, Restaurant / Bar
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Novel
Solutions Saves Client $12,372/year (Utility
Bill Issue) |
This
client has 321 locations with a significant presence in
the outlet centers.
During
the course of the audit REMCO's analysts and engineering
department determined that the bills for this particular
12,378 square foot location were unreasonable.From
the utility bill alone, REMCO could not identify
any errors from the actual utility bill. Therefore,
REMCO dispatched one of our engineers on site.After
performing various test (Connected Load Study and
Modified Bin) the engineer determined that the heating
unit was not in conformity with the size of the location.In
a nutshell, the store manager was cranking up the
heat in the cold winter months. Since the heating
unit exceeded the capacity for this stores square
footage, the demand spiked and caused a penalty to
be incurred.
Simply
by disconnecting 60 KW of electric heat, the client was
able to save an average of $12,372 per year.
East
Coast, Specialty Retailer |
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Engineering
Tests Result in $11,982 Refund (Utility
Bill Issue) |
This
is one of our newer inline tenants with 2,167 locations
and an average square footage of 1,930 square feet.
Our client
had just switched energy consultants 3 months ago.Our engineering
department benchmarked this particular site. During one
of their routine reasonable tests, they discovered that
the electric charge was $5 per square foot and should have
only been $3.75.REMCO calculated that its client was being
overcharged by the utility company for 12 years. Unfortunately
do to the utility company's tariff REMCO could only go
back for 3 years.
Still
we were able to obtain $11,982.19 in refunds for this client.
Mid
West, Specialty Retailer
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