FOR IMMEDIATE RELEASE
June 26, 2006
MAYOR BLOOMBERG RELEASES ANNUAL REPORT OUTLINING PROGRESS ON ALL 28 RECOMMENDATIONS FROM ENERGY POLICY TASK FORCE
Efficiency and Supply Initiatives Push Back Need for Additional Electricity Resources to 2012
Mayor Michael R. Bloomberg and the members of the Mayor's Energy Policy Task Force today announced significant advances on all 28 recommendations made by the City in 2004. The "2006 Status Report" outlines achievements in energy efficiency, new clean energy capacity, and infrastructure planning that enhance the City's capability to meet its energy needs and stave off the need for new resources until at least 2012. Highlights include the construction of state-of-the-art electric generating plants that will produce 1125 megawatts of the nation's cleanest electricity, an innovative three-year initiative to reduce peak electric demand by 675 megawatts, and completion of the City's first 20-year energy infrastructure master plan to support development in growing areas like the Hudson Yards and Lower Manhattan. Progress made in the past year also includes new partnerships with the private sector to integrate energy efficiency and other green building standards that will impact nearly nine million square feet of planned construction projects.
"Having a sufficient supply of clean, reliable power to meet future needs in the most efficient and environmentally sound way possible is critically important to New York City's future," said Mayor Bloomberg. "The Task Force's continued progress over the last year has provided a balanced approach to meeting our City's energy needs including increased investment in energy efficiency and green buildings, more detailed long-term infrastructure planning, and the development of clean generation plants."
"Led by the work of the Energy Policy Task Force members, the City is now clearly in a better position than it was two years ago," said Gil Quiniones, EDC Senior Vice-President and Chair of the Task Force. "In fact, according to a Con Edison electric system reliability study released in December 2005, with these new and planned resources in place, New York City's need for additional energy resources to meet load growth and reliability requirements has been deferred to 2012, which will allow the City to plan for its future needs in a thoughtful way."
Highlights of the Task Force's "2006 Status Report" include:
"The local economy depends on smart investment in the City's energy infrastructure, and the work of the Mayor's Task Force has gone a long way towards ensuring that the City has the energy it needs to remain a competitive and attractive place to conduct business well into the future," said Kathryn Wylde, President & CEO of the Partnership for New York City, the City's leading business organization. "The Partnership is pleased to be a part of the Mayor's Energy Policy Task Force and congratulates the Bloomberg Administration on its success in making substantial progress in achieving the Task Force's goals."
"The Mayor's Energy Policy Task Force members played a central role in the development of the new 675 MW peak load reduction initiative now available in the Con Edison territory," said Ashok Gupta of the Natural Resources Defense Council and a Task Force member. "The initiative correctly creates a clear preference in the City for energy efficiency and demand-side investment over traditional generation and transmission resources. The system reliability and the consumer and environmental benefits resulting from this initiative will be significant and long-lasting."
The Mayor's Energy Policy Task Force, established in July 2003, 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. The Task Force released New York City Energy Policy: An Electricity Resource Roadmap in January 2004, which contains 28 recommendations for meeting current and future energy demands; in April 2005, the Task Force issued its first progress report. To review the "2006 Status Report," log onto the EDC website at http://www.nycedc.com/Business_Incentives/Energy/
Stu Loeser/Jennifer Falk (212) 788-2958
Andrew Brent/Janel Patterson (Economic Development Corporation)