The New York Power Authority

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Presentation transcript:

The New York Power Authority

Who We Are Country’s largest state public power organization Generate some of the cheapest renewable electricity in North America Maintain 16 generating facilities and over 1,400 circuit-miles of transmission lines National leader in promoting energy efficiency and the use of renewable and clean energy technologies Diverse customer base includes large and small businesses, not-for-profit organizations, community-owned electric systems and rural electric cooperatives and government entities Our low-cost power helps support hundreds of thousands of jobs statewide while reducing public-sector costs

Service to be provided to Orangetown: Site identification, screening and auditing Design – engineer of record Construction Management Commissioning Financing Incentive Acquisition Assistance Labor Warranty Our goal is to help you and your organization / agency. Save energy and save money. We help towns, local municipalities and public entities to achieve energy savings by: Expediting their energy projects Move forward with projects – our dedicated staff Remove roadblocks – get the projects going Provide the Funding – self funding Reducing their project costs - Incentives Photo: Suffolk County Community College The second major project at the college included upgrades at 11 buildings, with the replacement and upgrade of lighting, boilers and chillers. Summary of Project Total Project Cost - $5 million Annual Energy Savings - $350,000 The first project was an upgrade to the energy management system in several buildings.

Financing – Tax Exempt Muni Lease No upfront capital needed:  NYPA will finance all up-front development and project milestone costs with a competitive-interest rate loan. Rates: Fixed interest rate determined by type of loan and fiscal stress score. Flexible term: Term of loan can be structured based on payback of project to create positive cash flow. State and O&R incentives can be applied to projects as available and applicable.

Proposed project timeline Task Completion Date Project kickoff June 21st Town takes ownership of street lights July 1st Materials ordered August 1st Field audit and 100% design delivered September 1st Materials delivered September 15th Installation completed December 15th Our goal is to help you and your organization / agency. Save energy and save money. We help towns, local municipalities and public entities to achieve energy savings by: Expediting their energy projects Move forward with projects – our dedicated staff Remove roadblocks – get the projects going Provide the Funding – self funding Reducing their project costs - Incentives Photo: Suffolk County Community College The second major project at the college included upgrades at 11 buildings, with the replacement and upgrade of lighting, boilers and chillers. Summary of Project Total Project Cost - $5 million Annual Energy Savings - $350,000 The first project was an upgrade to the energy management system in several buildings.

LED Street Lighting Upgrade Project Cost and Savings NYPA will provide full turnkey service to replace approximately 2,260 existing “cobra head” street lighting fixtures throughout the Village of Nyack with new high efficient LED Street Lighting Fixtures. Estimated Project Cost: $1,894,094 Estimated Annual Savings: $342,975 Monthly Debt Service: $19,177 Estimated Cash Flow: $112,854 Estimated Payback: 6.71 years

Questions? Jesse Scott New York Power Authority Municipal Program Manager 914-390-8107 Jesse.scott@nypa.gov