NYPA earmarks $36 million for replacements of transformers and other maintenance at Massena facilities
The latest New York Power Authority (NYPA) budget includes more than $36 million for work on the St. Lawrence-Franklin D. Roosevelt power project and supporting facilities in Massena.
The NYPA Board of Trustees on Tuesday approved a 2014 budget that continues to invest in its 16 power plants and transmission facilities and energy efficiency projects at local and state government facilities statewide.The operations and maintenance section of the budget includes $3.3 million to paint the St. Lawrence-FDR plant’s Barnhart Island Bridge, the road link to the generating project site in Massena.
The capital budget includes $18.8 million for replacement of 765/230-kV transformer replacements in Massena; $14.1 million for a breaker- and relay-replacement at St. Lawrence-FDR; and $6.2 million for NYPA’s compliance with relicensing commitments for the St. Lawrence-FDR and Niagara plants, including continued implementation of recreational and environmental projects in the vicinities of those facilities.
The overall 2014 Operating Plan includes an Operations and Maintenance (O&M) budget of $379.3 million; a Capital budget of $279.3 million, an increase of $87 million over the budgeted amount for 2013; and an Energy Services budget of $222.3 million, an increase of $22 million over the 2013 budgeted amount.
Approximately 65 percent of the agency’s capital budget is for work at NYPA’s Niagara and St. Lawrence-Franklin D. Roosevelt hydroelectric plants and for transmission improvements planned through 2025.
The Power Authority’s increased funding of ongoing or new energy efficiency projects throughout the state in 2014 will contribute to sustaining or creating thousands of private-sector design, construction and engineering jobs, the news release from NYPA says. NYPA recovers its costs of the retrofits and installations over several years after which the beneficiaries retain all of the savings.
The typical installations have included:
Heating, ventilating and air-conditioning systems;
Automated energy management systems;
More efficient boilers and chillers; and
Clean energy technologies ranging from fuel cells to solar power photovoltaic installations to introducing electric vehicles in government automotive fleets.
The NYPA trustees on Tuesday also approved a four-year financial plan, for 2014 through 2017, with the 2014 Operating Budget the first year of the plan. Preliminary forecasts of revenues and expenditures are provided for the remaining three years.
The financial plan, which is being submitted to the Office of the New York State Comptroller as provided for under state regulations, is available on the NYPA website at http://www.nypa.gov/financial/budgetreports/budgetposting.htm.