PSEG Long Island embarked on a federally funded, three-year reliability and resiliency project to further strengthen the electric grid across Long Island and in the Rockaways. More than $729 million of federal recovery funds were secured for the Long Island Power Authority via an agreement last year between Governor Andrew M. Cuomo and the Federal Emergency Management Agency (FEMA), under the FEMA 406 Mitigation Program.
PSEG Long Island
ITC Holdings named Krista Tanner as v.p. of ITC Holdings Corp. and president of ITC Midwest; Dean Seavers will be U.S. president and executive director at National Grid; CenterPoint Energy promoted three company executives; Darren Olagues, is expected to become president and CEO of Cleco; American DG Energy appointed Benjamin M. Locke as co-CEO; Ronald J. Tanski, president and CEO of National Fuel Gas Company, was elected chairman of the board of directors at Interstate Natural Gas Association of America; Appointment changes at several associations, and others...
PSEG Long Island coordinated an effort with New York State Energy Research and Development Authority (NYSERDA) to launch on-bill recovery and smart energy loans. All PSEG Long Island residential customers are now able to apply for solar PV systems from local contractors through a Smart Energy Loan or On-Bill Recovery loan, which provides the convenience of repaying the loan through their PSEG Long Island bill. The program includes two, low-interest loan options through Green Jobs - Green New York (GJGNY).
As part of the statewide NY-Sun Initiative, a $60 million investment to support the Long Island solar industry's transition to PSEG Long Island has been announced. PSEG Long Island will partner with NYSERDA to locally implement the statewide NY-Sun program. NY-Sun Initiative is a collaborative effort among public-private entities who are all working toward advancing the use of solar power in New York State. NYSERDA will more than double the proposed NY-Sun Initiative allocation for the Long Island region from $28 million to $60 million.
(February 2012) Siemens acquires eMeter; Long Island Power Authority selects PSEG to manage T&D system; Mountain Parks Electric awards SCADA/DMS contract to Open Systems International; Kiewit and Sargent and Lundy award contract to Hitachi; plus announcements and contracts involving SAIC, Shell, Landis+Gyr, and others.