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San Jose, CA : Office and Retail

Audit Findings : Sub-Metered Electric

Savings : $80,000

A financial institution leased retail space in a commercial office building.  As part of the lease audit, Chelepis visited the property and inspected the electric submeters for the client’s leased space.  The inspection led to a discovery that the submeters were improperly capturing data for a previously occupied, but then-vacant space.  The audit report led to a settlement with the landlord for a total savings of $420,000, of which, $80,000 could be attributed to the improper sub-metering. 

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