The company’s investments in 2008 reportedly mark the highest amount ever spent in anticipation of peak summer electricity usage. They include the installation of almost 10 million feet of cable and more than 1,700 new transformers, in addition to the opening of two new substations to meet the growing energy demand.
Additionally, Con Edison has proposed 11 new energy efficiency programs that will benefit both residential and commercial customers. If these programs are approved by the New York Public Service Commission, electricity demand is expected to reduce by 500MW by 2015, offsetting enough energy to power half a million homes.
Con Edison is forecasting an electrical peak load for summer 2008, of 13,775MW in its service area, including a projected peak of 11,964MW for New York City and 1,811MW for Westchester County.
Kevin Burke, chairman and CEO of Con Edison, said: Energy efficiency and conservation programs, plus annual investments in our delivery system, are essential for keeping pace with growing energy demand while protecting the environment.
