State-Mandated Study Finds Retiring Portion of Northport Power Station in 2022 Will Save LIPA Customers $300 Million
Report Expects Continued Decline in Northport Power Station Use From 55% of Plant Capacity in 2005 to 2.9% by 2035
UNIONDALE, NY - May 19, 2020 — The Long Island Power Authority today released a New York State mandated Repowering Feasibility Study of the Northport Power Station, alongside its annual Property Tax Report. The study shows that accelerating the retirement of 400 to 600 megawatts of vintage, fossil-fueled steam power plants in 2022 can save Long Island electric consumers over $300 million.
“These reports demonstrate that our efforts to reduce electric demand through one of the nation’s leading energy efficiency programs is both good for the environment and our customers’ electric bills,” LIPA Chief Executive Officer Tom Falcone said. “In the wake of the COVID-19 pandemic, and the stress it is placing on families throughout Long Island, it is more important than ever that we operate efficiently, reduce cost, and treat all our customers fairly.”
Gordian Raacke, Executive Director of Renewable Energy Long Island, said: “Retiring vintage fossil-fueled power plants makes sense as we remodel our energy infrastructure to a 21st-century system running on renewable energy with smarter, more energy-efficient technology. We commend LIPA for the vision to power Long Island 100 percent with clean and renewable power sources by 2040, which will dramatically reduce air and climate pollution while saving consumers money.”
Read the full news release here.