Green Innovations

Developing renewable and clean technology companies in New York

Thursday, October 15, 2009

NYS PSC approved more than $166 million in funding today for gas and electric efficiency programs


The New York State Public Service Commission today approved more than $166 million in funding for natural gas and electric energy efficiency programs for the commercial and industrial customer market segment -- the largest funding amount announced so far this year for energy efficiency efforts.

Most of the major electric and gas utilities in the state, including National Grid, along with the New York State Energy Research and Development Authority (NYSERDA), had funding approved for energy efficiency programs.

The money being provided to commercial and industrial companies will be used to help offset the companies' costs of purchasing and installing high-efficiency electric and gas equipment, including HVAC equipment, lighting, boilers, furnaces, energy management systems, and motors, among many other types of eligible projects.

The approved electric programs include:  National Grid's energy initiative program, $33.33 million (202,166 MWh savings target) and NYSERDA's existing facilities program, $26.39 million (146,302 MWh savings target).

In addition, the Commission set aside $20.74 million for gas energy efficiency programs, designed to save an estimated 713,480 dekatherms, or enough natural gas to heat 71,800 average-sized homes annually.

The approved gas programs include: National Grid's energy initiative program, $2.79 million (81,752 dekatherms saving target) and NYSERDA's existing facilities and Flex Tech program, $5.18 million (383,282 dekatherms saving target).