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After decades of little change in their business model, companies that provide the energy to light, heat, and cool Americans’ homes and businesses are embracing a new mission.
Energy companies are using technology and deep analysis of rich data to contribute to a cleaner future, and Con Edison is at the forefront of this transition. Safety and reliability remain industry imperatives. But now, forward-thinking, socially responsible utilities across the country have added a third one: taking the environment into account in every decision we make. Con Edison recently took another step in its leadership of this movement when it gained New York State Public Service Commission approval to invest $780 million in three important transmission projects. These projects will help move renewable energy–including 9,000 megawatts of planned offshore windto-population pockets. Our company proposed these Reliable Clean City Projects in anticipation of the retirement of “peaker” generating units with a capacity of 15 megawatts or more. Those fossil fuel-fired, simple-cycle combustion turbines run at times of high demand and are low in efficiency and high in emissions. In New York, electricity usage peaks during the summer when air quality is worst. The New York State Department of Environmental Conservation said in 2019 these units must greatly limit their nitrogen oxide (NOx) emissions or go out of service. The transmission lines will connect to areas where these peaking plants are located and ensure that our system remains reliable once the peaking plants stop operating. One line will run between a pair of substations in northern Queens; a second will connect substations in southern Brooklyn; and the third will traverse northern Staten Island. Due to New York’s density, we will build our lines underground, ensuring maximum reliability, particularly during severe overhead weather events, which are becoming more frequent and devastating. Once we finish the engineering, we will order the transformers, phase angle regulators, and cable. The Queens line will be in service by the summer of 2023 and Brooklyn and Staten Island by the summer of 2025. The Sierra Club, New York City Environmental Justice Alliance and UPROSE support Con Edison’s projects because the projects are designed to reduce pollutants in environmental justice communities. The transmission projects are among a wide range of clean energy solutions Con Edison is putting in place to help New York State and New York City meet their ambitious clean energy goals. In less than 10 years – by 2030 – we want to triple our energy efficiency programs and to get 70 percent of our power from renewables. Our company seeks to offer 100-percent zeroemission electricity by 2040. Our company is all in on electric vehicles. We recently hit a milestone with our new PowerReady program when a large apartment building in Midtown Manhattan became the first property to take advantage of the incentives, which are among the most aggressive in the country.Through our Clean Energy Businesses, Con Edison Inc. is the second largest producer of solar energy in North America and seventh largest in the world
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