Project appleseed electric rate incentives

Journal Article · Mon Oct 31 23:00:00 EST 1988 · IEEE Trans. Power Syst.; (United States)

DOI:https://doi.org/10.1109/59.193003· OSTI ID:6490847

Manak, J R ^[1]

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1. Consolidated Edison Co. of New York, Inc., 4 Irving Place, New York, NY (US)

Consolidated Edison Co. of N.Y., Inc. (Con Edison) has an economic development program to assist business grow and prosper in New York City and Westchester County. In 1981, the utility introduced a program of reduced electric rates (Area Development Rate) for economic development to help revitalize eight areas of the South Bronx and Brooklyn that were economically disadvantaged neighborhoods. This program has been very successful. It has helped produce jobs; it has helped to raise business activity in some of the most economically depressed areas of the nation; and, by increasing the usage of underutilized Company distribution facilities, it has increased Con Edison's efficiency to benefit all customers. It is established that this program resulted in a more than 24 percent average reduction of electric costs for participating companies. After recognition of this successful area development program, in late 1983, the N.Y. State legislature announced that as a matter of public policy electric utility rate incentives should, where appropriate, be used to foster economic activity in the state. The legislature found that ''the cost of utility services can be a significant factor in retaining and attracting healthy businesses and the employment opportunities and economic activity that they provide. The Law empowered the N.Y. State Public Service Commission to approve (after joint consideration with the Department of Commerce) economic incentive electricity rates that are cost based and will lead to jobs and economic vitality.

• OSTI ID: 6490847
• Journal Information: IEEE Trans. Power Syst.; (United States), Journal Name: IEEE Trans. Power Syst.; (United States) Vol. 3:4; ISSN ITPSE
• Country of Publication: United States
• Language: English

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296000* -- Energy Planning & Policy-- Electric Power
BUILDINGS
COMMERCIAL BUILDINGS
ECONOMIC GROWTH
ELECTRIC POWER
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USA