By: Jessica Bakeman |
Gov. Andrew Cuomo on Monday received the Energy Highway Task Force’s Blueprint, a plan that will add up to 3,200 megawatts of additional electric generation and transmission capacity and clean power generation through up to $5.7 billion in private investments.
The 3,200 megawatts outlined in this blueprint would provide enough energy to power approximately 3.2 million homes, according to a news release.
Cuomo introduced this initiative during his 2012 State of the State address.
“As we work to grow New York’s economy, we need reliable, affordable, and clean power to leverage significant private-sector investments, to allow businesses to grow and to create jobs,” Cuomo said in a statement. “The energy highway will ensure that businesses and residential consumers across New York state have access to the affordable power they need to plan for not just today, but also for the future.”
The blueprint includes plans to invest $1 billion for 1000 megawatts of new electric transmission capacity; to initiate $250 million in new renewable energy projects, leveraging $425 million in private investment and creating 270 megawatts of new power; and to modernize and repower existing inefficient, high-emission plants to create 750 megawatts of power, enabled by approximately $1.5 billion investment.