NEWS

N.Y. Power Authority Helps Insulate Nearly 800 Upstate New York Homes and Businesses

Contact:
Maura Balaban
(914) 390-8171
maura.balaban@nypa.gov


June 11, 2013

FOR IMMEDIATE RELEASE

WHITE PLAINS—The New York Power Authority (NYPA) today announced the completion of a two-year program to install nearly $3 million worth of insulation in 781 homes and small businesses in upstate New York. Co-sponsored by the Independent Energy Efficiency Program (IEEP), the Village Insulation Program (VIP) will lead to an estimated annual savings of $160,000 on electric bills and reduce energy consumption by 4,647 megawatt-hours a year, enough to power roughly 400 typical homes for a year.

The 19 communities participating in the VIP are municipal and rural electric cooperatives that are also served by NYPA’s low-cost hydropower (see attached project list).

“The Village Insulation Program is an excellent example of Governor Cuomo’s support of public and private partnerships that work together to improve the lives of New Yorkers for years to come,” said Gil C. Quiniones, NYPA president and chief executive officer. “Not only has the program enhanced the comfort of homeowners and businesses, it also helped trim their energy usage and electricity bills, maximizing the benefits of the low-cost, clean renewable hydropower provided by NYPA to their community-owned electric systems.”

“By working with our partners at IEEP, we were able to cluster facilities requiring similar services and capitalize on economies of scale,' said Paul Belnick, NYPA vice president Energy Efficiency. “The program was delivered on time and on budget--another example of the positive results that come from relationships NYPA has built with its customers.”

“Working with the New York Power Authority on this project was a strategic and a fruitful partnership,” said Martin Wilcox, IEEP president. “The Power Authority’s experience managing and financing projects of this scale provided the perfect support for expanding this easily-targeted means of improving energy efficiency for a greater number of homes and businesses.”

In addition to the energy savings, the program encouraged participation with local contractors and locally sourced materials, creating jobs and other economic benefits for the participating communities. In all, more than 3 million square feet of attic space was insulated during the two-year period.

In 2006, the Power Authority trustees authorized eligibility for the state’s 51 municipal and rural electric cooperative systems to participate in some of the benefits of NYPA’s award-winning energy services. This included the availability of low-interest financing to implement expanded energy efficiency and energy conservation programs for their business and residential customers, of which the VIP is one example.

To date, NYPA has installed more than $17 million in energy efficiency improvements on behalf of the state’s municipal and rural electric cooperative systems, for a total savings of $1.5 million annually. Together, the energy efficiency measures have reduced energy use by more than 44,000 megawatt hours annually, and avoided more than 23,000 tons of greenhouse gas emissions.

“Homeowners in Lake Placid who qualified for the Village Insulation Program were very happy to see that heating costs were lower, despite the very cold weather experienced this past winter, as a result of the attic insulation and air sealing that was made available through this innovative program,” said Lake Placid Mayor Craig Randall. “Local contractors also appreciated the opportunity the program afforded them to get more work– a win for everyone during these times of economic hardship.”

“Anything that helps lower heating costs and keeps residents warm is a win-win in our book,” said Fairport Mayor Fredrick H. May. “The Village of Fairport was grateful to be part of the Village Insulation Program and to be the recipients of the many benefits it brings. Thank you NYPA!”

The Power Authority has expanded its energy efficiency services under Governor Andrew M. Cuomo’s Build Smart NY initiative, which aims to increase the energy efficiency of state buildings by 20 percent by 2020, using current energy data to prioritize the projects that will deliver the greatest energy savings per dollar spent. The New York Power Authority had been designated the lead agency to carry out the Build Smart NY plan, and is committed to financing $450 million in energy efficiency improvements at state facilities over the next several years and an additional $350 million of similar improvements at county and local government facilities.

Village Insulation Program - Project List

About NYPA:

The New York Power Authority 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 has been designated as the lead entity via Executive Order 88 by Gov. Andrew M. Cuomo to form a central management and implementation plan to carry out his Build Smart NY plan to reduce energy use by state facilities by 20 percent by 2020. ¦ NYPA is the nation's largest state public power organization, through the operation of its 16 generating facilities in various parts of New York State, participation in a unique public/private partnership to contract for power from a clean generating plant in Queens, and its operation of more than 1,400 circuit-miles of transmission lines. ¦ More than 70 percent of the electricity NYPA produces is clean renewable hydropower. Its lower-cost power production and electricity purchases support hundreds of thousands of jobs throughout the state.¦ For more information visit www.nypa.gov or follow @NYPAenergy on Twitter.




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