NYCEDC Announces First Progress Report On City's Energy Policy
Initiatives Underway to Increase Supply, Reduce Demand and Improve Environment.
New York City Economic Development Corporation (EDC) today announced that progress has been made on all recommendations outlined in the energy policy report issued last year. The report, New York City Energy Policy: An Electricity Resource Roadmap, contained 28 recommendations for meeting current and future energy demands. The recommendations fell into four categories: energy supply, distributed resources, energy delivery, and leading by example. The Mayor’s Energy Policy Task Force was established in July 2003. It is spearheaded by EDC and has 16 members including leading energy experts in the private, public, and not-for-profit sectors, as well as representatives of environmental and community groups.
“I am pleased to report that through the efforts of the Energy Policy Task Force’s working groups, the City has made significant progress to ensure that we will have sufficient supplies of clean, reliable power to meet future demands in the most efficient and environmentally sound way possible,” said EDC President Andrew M. Alper. “I am also happy to report that the City is taking an active role in ensuring that our goals are met while maintaining fair and reasonable energy rates for New Yorkers.”
Some of the highlights of the results of the Task Force’s first year include:
- A Request for Proposals has been issued by the New York Power Authority (NYPA), on behalf of its Southeast New York government customers, for 500 megawatts of new capacity beginning in 2008 to help ensure adequate energy availability in the future. Proposals are due in June.
- The New York State Public Service Commission (PSC) has required Con Edison to conduct a comprehensive reliability study to assess the needs of its electric system and develop a 10-year plan to meet growing energy demand.
- PSC has authorized Con Edison to invest up to $224 million over three years in energy efficiency programs to reduce peak electric demand by about 675 megawatts to improve reliability, lower energy costs and reduce pollution.
- Con Edison will develop local energy infrastructure master plans to coincide with the City’s plans for major redevelopment in areas like Hudson Yards, Downtown Brooklyn and Lower Manhattan.
“In addition, the City is leading by example by working with NYPA to identify cost-effective, energy efficient projects at City facilities,” said EDC Senior Vice President and Energy Task Force Chairman Gil Quiniones. “NYPA is committing up to $100 million a year in low-cost financing for energy efficiency programs over the next 10 years.”
Kathryn Wylde, President and CEO of the Partnership for New York City, the City’s leading business organization, said, “The Partnership is pleased to be a part of the NYC Energy Task Force and congratulates the Bloomberg Administration on the progress it has made in implementing the recommendations. Investment in the City’s energy infrastructure is essential to strengthen the local economy and ensure that New York City remains a competitive and attractive place to conduct business.”
“I am proud that I was a part of the original task force report,” said Gail Suchman, former Senior Environmental Counsel, New York Lawyers for the Public Interest. “The report fairly assessed the future energy needs of the City and stressed, along with more traditional approaches, energy efficiency, innovative technology and environmental justice principles. All residents of New York will benefit from the Administration’s ongoing efforts to implement the recommendations of the Task Force.”
Ashok Gupta, Director, Natural Resources Defense Council said, “The City of New York has made significant progress toward accomplishing the sustainable energy goals that it established last year through the Energy Policy Task Force. The City’s air will be cleaner, the electric grid stronger, and the City’s consumers better off as a result.”
New York City Economic Development Corporation is the City’s primary vehicle for promoting economic growth in each of the five boroughs. EDC’s mission is to stimulate growth through expansion and redevelopment programs that encourage investment, generate prosperity and strengthen the City’s competitive position. EDC serves as an advocate to the business community by building relationships with companies that allow them to take advantage of New York City’s many opportunities.