NYPA Power to Assist
Redevelopment of Manhattan Waterfront at Hudson River Park
January 27, 2004
FOR IMMEDIATE RELEASE
WHITE PLAINS—The Trustees of the New York Power
Authority (NYPA) today approved a power contract with the Hudson
River Park Trust. The Trust is responsible for development and
operation of Hudson River Park on Manhattan’s west side shoreline.
Authorization for this proposed contract will now be sent to
Governor George E. Pataki for his consideration.
“By using NYPA’s lower cost electricity, Hudson
River Park will now shine not only brightly but economically, too,
as part of Governor Pataki’s commitment to revitalizing Manhattan’s
waterfront,” said Louis P. Ciminelli, chairman, New York Power
Authority. “Hudson River Park joins public facilities throughout
New York City using Power Authority electricity which saves
taxpayers hundreds of millions each year on their municipal electric
The Hudson River Park Trust, a New York State
and New York City partnership, is charged with the design,
construction and operation of Hudson River Park. The Hudson River
Park Trust is a public benefit corporation in the metropolitan area
of New York, and is therefore eligible for Power Authority service.
Hudson River Park will realize savings of about 20 to 25 percent on
its annual electric costs by using Power Authority electricity as
compared with market prices. The Park’s electricity is currently
supplied by Consolidated Edison.
“The significant savings achieved using the
Power Authority’s lower cost electricity will assist Hudson River
Park in bringing Governor Pataki’s and Mayor Bloomberg’s vision of
free public recreational activities and events to the local
community,” said Connie Fishman, president, Hudson River Park Trust.
Hudson River Park will be a 550 acre park
stretching five miles along Manhattan’s west side shoreline from the
Battery to 59th St. The Park is being developed in seven segments.
The first segment, Segment 4, in Greenwich Village, opened in spring
2003. Currently under construction in the Park is Segment 7, the
northernmost section of the Park and the first to be developed in
the city-owned portion of the Park. Its completion is scheduled for
Hudson River Park will include a wide array of
active and passive recreational areas for activities such as
boating/kayaking/rowing, playgrounds, wide open lawns for
relaxation, sports fields, biking, golf, batting cages, dog runs,
food concessions and restaurants, areas for special events and
ecological learning, and much more including several “get downs”
which are ramps leading down to large railed floating docks to allow
the public to get closer to the water’s edge. When fully completed,
Hudson River Park will have 13 public park piers, a continuous
waterfront esplanade, numerous places for active and passive
recreation and boating, and three commercial development nodes.
With Segment 4 in Greenwich Village complete,
the present Park load is about 50 kW. As the park is developed over
the next several years, its electric demands are expected to grow,
and upon completion, is estimated to have a load of about 500 kW.
The Park will be a full requirements customer meaning that, upon
approval by the Governor, NYPA will meet the existing and future
full electricity requirements of Hudson River Park’s public
facilities and infrastructure.
Among other government customers whose essential
services depend on economical NYPA electricity are the City of New
York, the New York City Housing Authority, the Metropolitan
Transportation Authority and the Port Authority of New York and New
Jersey. Using NYPA electricity saves taxpayers and rate payers
annual savings of hundreds of millions of dollars in municipal