https://jsacs.com/wp-content/uploads/2020/07/LaZboy.jpg 500 500 jsa https://jsacs.com/wp-content/uploads/2018/03/logo-1.png jsa2021-04-22 11:08:012021-04-24 11:13:52La-Z-Boy inks long-term renewable energy deal with AEP Energy Partners
Thursday, 22 April, 2021
- La-Z-Boy (LZB -0.5%) finalized a 10-year resource-backed virtual power purchase agreement extending through the end of 2030, with AEP Energy Partners, energy subsidiary of American Electric Power.
- The company’s VPPA will support ~70K MWh of renewable energy annually, from AEP’s principally owned Santa Rita East wind energy center in Irion County, Texas, throughout the agreement term.
- La-Z-Boy will receive renewable energy certificates equivalent to ~16 MW of wind power capacity representing more than 90% of its current total annual domestic energy consumption.