Printer Friendly
The Free Library
14,718,654 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

A pioneer in the electric biz.


If all you need to succeed in business is the ability to recognize a good opportunity, Allen L. Thurgood, the founder and chief executive officer of First Rochdale Cooperative Group, Ltd., certainly has what it takes. When New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
 State was considering deregulation Deregulation

The reduction or elimination of government power in a particular industry, usually enacted to create more competition within the industry.

Notes:
Traditional areas that have been deregulated are the telephone and airline industries.
 laws for electric power in 1995, Thurgood immediately came up with the idea of forming an electricity cooperative to help New Yorkers save on their electricity costs. The result was First Rochdale Cooperative Group, the only company besides Con Edison that provides electricity within the New York urban area, and the only one so far than can serve any client, from a hospital to a building complex to a retail store.

Thurgood, who has served as the executive director of Coordinated Co-Op Housing Services and Coordinated Council of Cooperatives for a number of years, was able to combine the idea of a cooperative, a united buying power Buying Power

The money an investor has available to buy securities. In a margin account, the buying power is the total cash held in the brokerage account plus maximum margin available.

Also referred to as "Excess Equity.
, and electricity as one of the basic commodities buildings pay for.

"The reason that a co-operative group was so attractive to Allen," Alex Steinberg, the spokesperson for First Rochdale Cooperative, said "is because there's no profit involved. You pull your resources together to improve whatever there is to be improved in the building. And one of the top expenditures for any building is electricity. So, Allen thought: "Why not form our own electricity cooperative that will give consumers a choice?"

At first, this rather revolutionary idea was not accepted with much warmth, a phenomenon that occurs fairly often when people try to be truly creative. Now, however, only five years after its formation, First Rochdale has a formidable presence in New York City New York City: see New York, city.
New York City

City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S.
 and the surrounding areas, serving large residential and commercial cooperatives throughout all five boroughs and Westchester County. The company offers its customers a choice of three websites in three different languages: English, Russian, and Spanish, proving that it has a great understanding of the unique demands of New York City and a desire to satisfy its customer base. And according to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 his employees, that is what Thurgood's company is all about.

"Because we are a start-up business," Thurgood's spokesperson explained, "customer satisfaction and word-of-mouth is very important to us. There was a situation the other day when someone called in and her meter was broken, so she asked us to fix it. The truth was that she wasn't even using our services, but we called Con Edison ourselves to find out what has happened. She may never become our customer, but she is important to us."

In fact, the people at First Rochdale work very hard to ensure that their clients get the best quality of service, while paying as little as possible for the electricity they receive. T'hurgood and his team are constantly in search for new ways of generating power, so as to lower the costs of electricity consumption in New York. "we encourage many of our clients to use distributed generation Distributed generation generates electricity from many small energy sources. It has also been called also called on-site generation, dispersed generation, embedded generation, decentralized generation, decentralized energy or  of power," Steinberg explained. "We work with building owners to help them determine which method would help them save money, and which makes the most business sense."

First Rochdale's next step in that direction should attract a great deal of attention -- the company plans to begin its solar power operations in the Fall of 2000. Always environmentally-conscious, Thurgood would like to make use of as many sources of energy as possible, preferably pref·er·a·ble  
adj.
More desirable or worthy than another; preferred: Coffee is preferable to tea, I think.



pref
 at lowered costs. "Our aim is to provide enough electricity capacity that power blackouts, such as those experienced across the country during the heat waves last summer, will be a thing of the past," he said. "And with new green, highly efficient generation technology coming on the market, we will be able to increase capacity without increasing consumption or pollution."

Thurgood plans to use thin film technology to generate solar energy solar energy, any form of energy radiated by the sun, including light, radio waves, and X rays, although the term usually refers to the visible light of the sun.  for the buildings in his co-operative group. Specially-made solar panels will be installed in places on the building that are directly exposed to sunlight, such as roofs or sloped wall surfaces. "As the direction of the sunlight changes," Steinberg explained, "power could be gathered front any side."

Currently, Firstt Rochdale is in negotiations with a number of solar producers to determine how to best use New York's solar potential. "There is just as much sunshine falling on New York, as on the South West. And the days of the power outages This is a list of famous wide-scale power outages. 1965
  • The Northeast Blackout of 1965 on November 9, 1965.
1977
  • The infamous New York City Blackout of July 13-14, 1977, resulted in looting and rioting.
 in the city, are ones there is the most sunshine. Now we will be able to use all that sunshine to our advantage," Thurgood's employees said.

The first properties to experience the effects of First Rochdale's solar pursuits will be the Amalgamated Housing Cooperative Amalgamated Housing Cooperative, originally the Amalgamated Cooperative Apartment House

The Amalgamated Clothing Workers of America, headed by Sidney Hillman and prodded by Cooperative housing founder, Abraham E.
 buildings in the Bronx, and the East Midtown Plaza Midtown Plaza may refer to:
  • Midtown Plaza, a shopping mall in Rochester, New York
  • Midtown Plaza, a shopping mall in Saskatoon, Saskatchewan
 Cooperative in Manhattan.

Sid Moskowitz, general manager of East Midtown Plaza, was thrilled thrill  
v. thrilled, thrill·ing, thrills

v.tr.
1. To cause to feel a sudden intense sensation; excite greatly.

2. To give great pleasure to; delight. See Synonyms at enrapture.
 about her building being chosen as a sort of a guinea pig guinea pig (gĭn`ē), domesticated form of the cavy, Cavia porcellus, a South American rodent. It is unrelated to the pig; the name may refer to its shrill squeal.  for the project. "This will be a great opportunity to attack our electricity rate structure," she said. "And we've also estimated that it will lower our gas costs by 10% to 15%."
COPYRIGHT 2000 Hagedorn Publication
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2000, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:First Rochdale Cooperative Group Ltd. formed by Allen L. Thurgood
Author:MISONZHNIK, ELAINE
Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1USA
Date:Aug 23, 2000
Words:831
Previous Article:Ismael Leyva Architects makes the big leagues.(Brief Article)
Next Article:Paramus, N.J.'s Mall at IV is now 80 percent occupied.(Brief Article)
Topics:



Related Articles
Oil and gas subsidiary is launched by 1st Rochdale.
MANAGEMENT PERSONNEL.
Rising oil prices inspire alternative thinking.(Brief Article)
1st Rochdale offers trilingual services.(Brief Article)
Rochdale Cooperative to sponsor 5K Run.(1st Rochdale Cooperative Group)(Brief Article)
More competition in energy distribution will benefit all consumers.(Brief Article)
1st Rochdale and Fannie Mae ink memo of understanding.(1st Rochdale Cooperative Group, Federal National Mortgage Association establish residential...
Thurgood exec of year.
Cooperatives across the country reaching out to WTC victims.(Brief Article)
Power Tower cranks it up at city coop building.(Gaia Power Technologies Inc.,)

Terms of use | Copyright © 2009 Farlex, Inc. | Feedback | For webmasters | Submit articles