New Yorkers Encouraged to Use Energy Wisely
NEW YORK, June 3 /PRNewswire-FirstCall/ -- Consolidated Edison Company of
New York, Inc. (Con Edison) is investing $522 million this year in upgrades to
its electric delivery system for the summer, the company said today.
"These upgrades and improvements reflect Con Edison's commitment to
continuing to provide the most reliable electric delivery service in the
country," said Lou Rana, senior vice president of electric operations for Con
Industry analysts have rated Con Edison as the leading electric utility
for reliability, and the company is ranked 10 times more reliable than the
national average. With energy supplies continuing to be tight, however,
company officials encouraged customers to use energy wisely.
The company said the more than a half-billion dollars in improvements this
year would help maintain reliable service delivery to the company's 3.1
million business and residential customers in its service area of New York
City and Westchester County.
The upgrades and improvements include:
- $328 million on the distribution system, including $65 million for
upgrades to cables and transformers
- $20 million on transmission upgrades
- $174 million on substation installation and circuit breakers
- 158 miles of underground and aerial feeder cables replaced
- 345 thermally sensitive cable joints replaced
- 211 new transformers installed
- 20 electrical (4kV) unit substations enhanced and upgraded
Con Edison added, however, that with no new power plants or major
transmission lines coming on line this year, supplies would be tighter than
last summer, which set one-month, two-month and three-month electricity
sendout records, as well as establishing two weekend sendout records and
recording five of the company's 10 highest days of peak electricity demand.
The company said the growing energy demand could be attributed, in part, to
increasing numbers of home air conditioners, and to a rise in new housing
units. Power projects either under way or already permitted, will bring
approximately 1,375 megawatts of new supply on line by the summer of 2006.
"With electricity supplies as tight as they are, people can expect that
there will be times when we're going to ask for their help to get over some of
the rough spots. When we've made conservation requests in the past, our
customers have come through and it's made a difference," Rana said.
Because of continuing growth in the demand for energy in New York, the
region must look for additional supplies of electricity, including generating
capacity and power lines to bring energy from outside the region.
While the state's reliability requirement to have an 18 percent reserve
margin of electric capacity going into summer will be easily met, there is
insufficient traditional generation to meet the requirement that 80 percent of
New York City's electric supply be located in the city. Demand side management
programs, which provide large customers with incentives to cut back on
electric use during periods of high demand, are in place to provide the
additional "capacity" to meet the 80 percent requirement.
"People can help themselves and their neighbors get through the summer by
following some simple energy saving tips such as turning off air conditioners
when they go out and cleaning air conditioner filters for more efficient
operation," said Marilyn Caselli, vice president of Customer Service for Con
Edison. She noted that consumers may obtain additional energy saving tips by
logging onto the company's Web site at www.coned.com, or the New York State
Energy Research and Development Authority (NYSERDA) at www.nyserda.org.
She also noted that the company has launched a new website geared for
schoolchildren, www.coned.com/kids, where they can learn about the company's
electric, gas and steam systems and how to conserve energy at home.
Con Edison is a subsidiary of Consolidated Edison, Inc. (NYSE: ED), one of
the nation's largest investor-owned energy companies, with $9 billion in
annual revenues and approximately $19 billion in assets. The utility provides
electric, gas and steam service to more than 3 million customers in New York
City and Westchester County, New York. For additional financial, operations
and customer service information, visit Con Edison's Web site at
SOURCE Consolidated Edison Company of New York, Inc.
/CONTACT: Michael Clendenin of Con Edison, +1-212-460-4111/
/Web site: http://www.coned.com http://www.nyserda.org /
CO: Consolidated Edison Company of New York, Inc.; Consolidated Edison, Inc.;
New York State Energy Research and Development Authority (NYSERDA)
ST: New York