Houston Food Bank receives big donation
The Houston Food bank has received a big Christmas present -- two years of electricity:
Calpine Corporation (NYSE: CPN - News) is brightening the holidays and New Year for the Houston Food Bank and its member agencies by gifting the nonprofit organization with Calpine's first in-kind donation of electricity in the United States. The independent power producer will provide all of the electricity to the Houston Food Bank's headquarters from its network of 11 Texas power plants beginning December 1, 2004, through December 31, 2006.
Valued at approximately $6,000 per month, the annual donation of close to $72,000 will be the largest single charitable donation Calpine will make in 2005.
"We are in awe of this tremendous gift from Calpine Corporation, and its value goes way beyond its monetary one," says Houston Food Bank President and CEO Brenda Kirk. "This donation will touch the lives of hundreds of thousands of needy residents in the Gulf Coast region with a gift of hope and help in the form of nutritious meals. This donation allows us to take funding earmarked for utilities and redirect it to feeding the hungry in Houston and 17 additional counties across Texas. We estimate that Calpine's donation will allow us to provide more than 2 million additional meals to those in need."
Demand for electricity is around-the-clock at the Houston Food Bank headquarters, a 73,000-square-foot warehouse facility that also houses the organization's businesses offices and features 151,000 cubic feet of refrigeration and freezer space for storage of nonperishable items previous to distribution. The Houston Food Bank's distinction as the national leader among food banks in the distribution of fresh fruits and vegetables also makes this massive refrigeration space a necessity.
Posted by Anne Linehan @ 12/22/04 01:05 PM | Print |
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