N.Y. Power Authority Seeks Proposals For Energy Supplies For New York City And Westchester Governmental Customers

White Plains, NY - New York Power Authority (NYPA) President and Chief Executive Officer Richard M. Kessel recently announced the issuance by the Power Authority of a Request for Proposals (RFP) for economical energy supplies for serving the Authority's governmental customers in New York City and Westchester County.

The Power Authority is seeking 300 to 500 megawatts (mw) from one or more suppliers, preferably for three to five years, to be available for delivery as early as Jan. 1, 2010. Potential bidders may offer energy, as well as capacity, from existing plants, and/or financial instruments for managing the electricity costs of the governmental customers.

"The New York Power Authority is committed to helping our New York City and Westchester governmental customers manage their electricity costs and reduce the burden on taxpayers," Kessel said. "Over the years, thousands of downstate public facilities, including schools, hospitals and municipal buildings, have saved hundreds of millions of dollars annually from the economical and diversified power supplies that NYPA has provided. The RFP that we've just issued should further support additional savings in the future."

NYPA will consult with the New York City and Westchester governmental customers in reviewing the bid proposals. The proposals will be evaluated based on a number of criteria, including price, risk management, conformance with environmental goals of New York State, New York City and Westchester County; and their contribution to diversifying NYPA's energy supply portfolio.

The Power Authority currently serves the New York City and Westchester governmental customers with a combination of NYPA generating facilities and purchases from the wholesale energy market. The peak summer demand of the customers is more than 1,800 mw.

The Power Authority has met the electricity needs of the downstate governmental customers since 1976, and also partners with them on energy-efficiency and clean energy projects. These efforts have lowered the annual electric bills at more than 2,100 public facilities by about $78M, reduced greenhouse gas emissions by about 580,000 tons a year and displaced more than 1.5 million barrels of oil annually.

SOURCE: New York Power Authority