N.Y. Power Authority Sets Record
for Energy Efficiency Funding
December 26, 2006
FOR IMMEDIATE RELEASE
WHITE PLAINS—The New York Power Authority (NYPA)
invested about $110 million in energy efficiency and clean energy
projects during 2006, breaking the Authority’s previous one-year
record of $103.8 million, set in 2001.
NYPA set the new record in a year in which it also
passed the $1 billion mark for total investments in energy
efficiency and clean energy initiatives since the late 1980s.
“These two milestones demonstrate the Power
Authority’s firm commitment to ensuring a reliable power supply
while improving the environment and cutting our dangerous dependence
on foreign oil,” NYPA President and Chief Executive Officer Timothy
S. Carey said. “This has been a banner year for us in these , and
we intend to build on the solid foundation that’s in place.”
Carey noted that NYPA’s annual investments in
energy efficiency and clean technologies such as fuel cells and
solar power have more than doubled during Gov. George E. Pataki’s 12
years in office. He said Pataki initiatives, including an executive
order establishing ambitious targets for energy savings and use of
renewable energy in state facilities, had given impetus to the
In 2006, the Power Authority directed funding to
more than 250 projects at government buildings, schools, police
stations and other public facilities throughout the state. NYPA
typically recovers its costs by sharing in the savings in energy
bills that result from its initiatives, after which program
participants retain all the savings.
The Authority, which uses no tax dollars, finances
its energy efficiency and clean energy projects principally with
commercial paper notes.
NYPA’s record total in 2006 reflects expenditures
on projects that began during the year or were already in progress.
Some of the projects were completed in 2006, while others will
continue, requiring additional funding.
The largest 2006 investment, more than $19 million,
was for a project to replace four boilers and about 25,000 feet of
hot water distribution piping at New York City’s North River
Wastewater Treatment Plant on the Hudson River in Upper Manhattan.
The project, which began in 2005 and is scheduled for completion in
2007, is expected to ultimately cost about $37 million.
Elsewhere in 2006, the Power Authority invested
funds for such energy efficiency projects as:
New lighting, boilers or chillers at nearly 40
police stations in New York City and the city’s police
Numerous measures at the State University of
New York (SUNY) College at Brockport’s dining hall, including
the installation of more-efficient lighting, heating,
ventilation and air conditioning and building insulation, as
well as upgrades to a computerized energy management system for
the campus in Monroe County.
Replacement of existing boilers with
more-efficient units in several dormitories at the SUNY College
at Canton in St. Lawrence County.
New lighting, motors, insulation and
water-conserving equipment at public facilities in the City of
Jamestown in Chautauqua County, as well as an upgrade of the
city’s energy management system. Jamestown, a Power Authority
municipal-system customer, is among the first to benefit from an
Authority action last May that enabled the state’s 51 municipal
electric systems and rural cooperatives to participate in NYPA’s
energy efficiency and clean energy programs.
Among the clean energy highlights in 2006 was
NYPA’s investment of funds toward development of a project in which
landfill gas will be used to produce nearly 5 megawatts of
electricity at Monroe County’s Mill Seat Landfill in Riga. The
project is scheduled for completion next spring.
Other Power Authority clean energy investments in
2006 were directed at such projects as fuel cells completed during
the year at the SUNY College of Environmental Science and Forestry
in Syracuse and a Metropolitan Transportation Authority (MTA)
facility in Corona, Queens, and another to be installed at the Bronx
Zoo. NYPA also provided funding for an innovative battery energy
storage system awaiting the start of operation at the MTA-Long
Island Bus depot in Garden City.
■ NYPA uses no tax money or
state credit. It finances its operations through the sale of
bonds and revenues earned in large part through sales of
electricity. ■ NYPA is a leader in promoting
energy-efficiency, new energy technologies and electric
transportation initiatives. ■ It is the
nation’s largest state-owned electric utility, with 18 generating
facilities in various parts of the state and more than 1,400
circuit-miles of transmission lines.
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