1. California Council on Science and Technology October 31, 2006 Session II: Cost Benefits and Trade Offs Peter R. Smith President & CEO NYSERDA

2. 2004 Primary Energy Consumption by Fuel Type Comparison Source: NYSERDA, Patterns and Trends Report, December 2005

3. 2004 Primary Energy Consumption by Sector Comparison

4. New York State Electricity Generation Mix Source: NYSERDA Patterns and Trends Report

5. Alternative Electricity Generation Technology Costs (Total Life-Cycle Costs for a 500 MW resource block) Note: Energy efficiency technologies can be purchased at varying costs up to the point where some other alternative is cheaper

6. Value of Clean Energy Alternatives Potential Exists for Energy Efficiency to Meet an Even Greater Share of Our Energy Needs Renewable Energy, While More Costly, Positions the State to be a Leader in Technology Development Energy Efficiency and Renewable Energy Resources … incremental, easy to site and short lead times.

7. Governor Pataki Spearheads Regional Initiative Established Green House Gas Task Force Asked governors from Maine to Maryland to join regional strategy to reduce CO2 emissions Regional Greenhouse Gas Initiative (RGGI) was born New York is lead State and heads up modeling effort Seven states have signed on to RGGI Governor Schwarzenegger travels to New York …