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NYSERDA Honors ConEdison Solutions for Groundbreaking Energy Conservation Projects

Posted on: Thursday, 3 January 2008, 12:00 CST

ConEdison Solutions, one of America's leading energy service providers, was honored by The New York State Energy Research and Development Authority (NYSERDA) for its significant work on numerous cooling, motor, and lighting projects on behalf of energy customers in the state.

The awards are made through NYSERDA's Peak-Load Reduction Program, which is designed to improve the reliability of New York's electric grid while helping businesses and industries reduce operating costs. To date, the Peak Load Reduction Program has reduced statewide load by 504 megawatts of electricity demand and has reduced carbon dioxide emissions by over 70,000 tons -- the equivalent of removing over 14,000 cars from the road.

"Since its inception, NYSERDA has been at the forefront of promoting energy efficiency technologies and incentives," said Jorge J. Lopez, President and CEO of ConEdison Solutions. "We are proud to be recognized by our partners at NYSERDA for our common efforts to make New York State the most energy-efficient state in the nation. We will continue to create new programs and research technologies that save resources and reduce operating costs for our customers."

The Peak-Load Reduction Program is split into two components -- Permanent Demand Reduction and Demand Response -- with $37 million in incentives available through February 2008 for projects that meet the goals of either component.

The Permanent Demand Reduction component provides incentives towards measures that reduce electric demand during summer weekday afternoons for five years or more and increase the energy efficiency of the building. Eligible projects include, but are not limited to, installing energy-efficient lighting, upgrading air conditioning or chillers, replacing motors, or other custom measures that permanently reduce power consumption.

The Demand Response component provides incentives for measures that temporarily reduce electric demand on the few days when there is a risk to the power grid. Efforts taken to reduce electric demand on these days -- which may include raising a building's thermostat a few degrees in response to a grid emergency, dimming lights, or shifting load to a back-up generator -- are eligible for incentives.

Three hospitals were presented a plaque recognizing their energy efficiency projects and measures that will significantly reduce load demand during peak summer hours. Award recipients include New York Methodist and Mount Sinai Hospitals, along with New York Medical College. Combined, the hospitals will save more than $1 million in energy costs and seven million kilowatt hours of energy.

ConEdison Solutions

ConEdison Solutions is a leading energy services company that provides competitive power supply and cost-effective energy solutions for commercial, industrial, residential, and government customers. The company is based in White Plains, New York, with offices in Burlington, Massachusetts; Cherry Hill, New Jersey; Arlington, Virginia; Houston, Texas; and Tampa, Florida. The firm's dedicated team of energy professionals delivers a broad range of commodity, consulting, demand-side management and performance contracting services. ConEdison Solutions offers programs and services tailored to help customers achieve their individual energy objectives and is accredited as an Energy Services Provider (ESP) by the National Association of Energy Service Companies (NAESCO).

ConEdison Solutions is a subsidiary and registered trademark of Consolidated Edison, Inc. (NYSE: ED). More information can be obtained by calling 1-888-210-8899 or visiting the ConEdison Solutions website at www.conedsolutions.com. You can also visit the Consolidated Edison, Inc. website at www.conedison.com for information on all of the Consolidated Edison companies.

Source: Business Wire

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