PSC Takes Tally Of Its Energy Efficiency Programs

As a result of Commission actions, the New York State Energy Research and Development Authority (NYSERDA), as well as the major investor-owned utilities in New York, will provide direct incentives to homeowners and businesses to make energy efficiency improvements. Because most of the programs will require at least a partial customer financial contribution, it's estimated that matching private sector investments over the life of the program will be more than $475 million.

The overall goal of the program is to reduce New Yorkers' electricity usage by 2015, with comparable results in natural gas conservation. In addition to helping lower monthly energy bills, the ratepayer-funded initiative is expected to save enough energy to electrically power about 600,000 average-sized homes annually and enough natural gas to heat about 60,000 average-sized homes annually by 2015.

The funding being made available over a five-year period to electric and gas customers is substantial. NYSERDA will receive the largest share - $441 million through 2011 - to fund customer incentives related to its commercial and residential electric and natural gas energy efficiency programs.

To ensure the greatest customer participation possible, major electric and gas utilities will also offer customer incentives. Utility funding is as follows: Consolidated Edison Company of New York, Inc., $235.8 million; National Grid (upstate), $147.7 million; National Grid (downstate), $39.9 million; New York State Electric and Gas Corporation, $31.7 million; Rochester Gas and Electric Corporation, $20.1 million; Central Hudson Gas & Electric Corporation, $19.6 million; Orange and Rockland Utilities Inc., $14.3 million; Corning Natural Gas Corporation, $0.2 million; and St. Lawrence Gas Company, Inc., $0.08 million. For more information about energy efficiency programs, please go to

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