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Con Edison Awards Contract for 500 Megawatts of Electric Capacity
"Astoria Energy was selected from a number of competing developers because of the project's efficient design, its beneficial impact on our electric system reliability, and for its ability to deliver power at a price that will benefit our customers. This power plant will provide much-needed new, clean electric supply to New York City," said Terry Agriss, vice president of energy management for Con Edison.
This past December, Con Edison issued a Request For Proposal (RFP) seeking a contract to purchase 500 megawatts of electric capacity from a new facility located in New York City or a facility outside of New York City with a new transmission line dedicated to the city. Astoria Energy was chosen from among many project proposals, following a comprehensive review.
Con Edison is a subsidiary of Consolidated Edison, Inc. [NYSE: ED], one of
the nation's largest investor-owned energy companies, with $9 billion in annual
revenues and approximately $19 billion in assets. The utility provides electric,
gas and steam service to more than 3 million customers in New York City and
Westchester County, New York. For additional financial, operations and customer
service information, visit Con Edison's Web site at www.cone .
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