NYPA Press Release

NYPA Cuts Electric Costs by $780,000 for Westchester County Government Customers

For Immediate Release: 1/27/21

Contact: Paul DeMichele | paul.demichele@nypa.gov | (914) 390-8186

WHITE PLAINS—The New York Power Authority Board of Trustees has approved a proposal to cut electric rates by $780,000 for the Power Authority’s Westchester governmental customers, which include the county, towns, villages, cities, schools and housing authorities.

 

"Our governmental customers in Westchester are some of the Power Authority’s most valued customers,” said Gil C. Quiniones, NYPA president and CEO. “We at NYPA are glad to be able to support them during this difficult economic and fiscal environment.”

 

The more than three percent decrease is the result of expected declines in market energy prices and it will be effective with January 2021 electric bills.

 

NYPA works with its customers to obtain power supplies from NYPA generating plants and arrange economical power purchases from the wholesale energy market. NYPA generation, contracted generation and power purchases save customers millions of dollars a year on electric bills compared to the cost of securing power from local utilities.

 

NYPA also partners with governmental customers on major energy efficiency and clean-energy initiatives to lower their power bills and operating costs.

 

Westchester County Executive George Latimer said, “As the Covid-19 pandemic has sent shockwaves through our society and decimated our economy, governments must look to find ways to manage costs while maintaining the high level of services their residents rely on. This move by NYPA is welcome news to Westchester County taxpayers because it will boost the efforts made by municipalities to do just that.”

 

Since 2019, NYPA has completed energy efficiency projects with Westchester governmental customers for an installed cost of more than $25.8 million. The upgrades will also reduce annual greenhouse gas emissions by about 4,700 tons, the equivalent of removing nearly 3,400 cars from the road.

 

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About NYPA

NYPA is the largest state public power organization in the nation, operating 16 generating facilities and more than 1,400 circuit-miles of transmission lines. More than 80 percent of the electricity NYPA produces is clean renewable hydropower. 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. For more information visit www.nypa.gov and follow us on TwitterFacebookInstagramTumblr and LinkedIn.