Building owners and managers now have new energy options.On April 1st, some 63,000 electrical power users 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. became eligible to chose an alternative service provider or remain a customer of Con Edison. This option for a new electricity vendor, the first phase of deregulattion, is being offered to customers under an agreement with the 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 Public Service Commission. For commercial property owners and building managers, the choice represents a significant opportunity to assess the individual financial structures of real estate holdings, and possibly, an opportunity to increase profit margins or realign re·a·lign tr.v. re·a·ligned, re·a·lign·ing, re·a·ligns 1. To put back into proper order or alignment. 2. To make new groupings of or working arrangements between. some other operating expenditures. The ABO ABO See: Accumulated Benefit Obligation supports this energy 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. plan and encourages its membership to take a closer look at the potential opportunities being presented to commercial property owners, managers and developers. As a member of the Electric Power Procurement Alliance (EPPA EPPA Employee Polygraph Protection Act of 1988 EPPA European Poker Players Association EPPA Estes Park Plein Air (Estes Park, CO) ), the ABO along with Building Owner's Management Association, Owners Committee on Electric Rates and the Rent Stabilization Association - recently recommended two private energy companies as possible alternative energy suppliers to Con Edison. New Energy Ventures East, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , a California-based firm, and Con Edison Solutions of White Plains, NY, have been recommended by the EPPA from among 10 competing energy companies because they offer guaranteed savings! The EPPA assessment of the candidate companies believe New Energy Ventures East is more focused on serving the commercial market, and Con Edison Solutions is able to serve both residential and commercial clients. Combined with the low interest rates on refinancing packages now available from financial institutions for commercial properties, the alternative electricity provider option offers a real possibility for building owners to secure significant financial gains. However, each individual business real estate situation varies. You should consult with your accounting professional for the financial choices that best suit your situation. The deadline for choosing a new provider is April 30, with new service being provided by June 1. Our alliance [the EPPA] was created in September of 1997 to interview prospective energy service providers and make recommendations to our memberships. Collectively, the EPPA represents the interests of nearly one-third of the electrical load If an electric circuit has a well-defined output terminal, the circuit connected to this terminal (or its input impedance) is the load. (The term 'load' may also refer to the power consumed by a circuit; that topic is not discussed here. of New York City's commercial and residential tenants. New Energy Solutions delivers discounted power to eligible businesses in Rhode Island Rhode Island, island, United States Rhode Island, island, 15 mi (24 km) long and 5 mi (8 km) wide, S R.I., at the entrance to Narragansett Bay. It is the largest island in the state, with steep cliffs and excellent beaches. and is among the nation's largest non-utility electricity suppliers. Con Edison Solutions is an unregulated subsidiary of New York City-based Consolidated Edison, Inc., one of the nation's largest investor-owned energy companies. Opportunities come and go in the real estate world. But the ABO believes this is an opportunity that should be seriously reviewed and considered. (Nicholas LaPorte is executive director of the Associated Builders and Owners of Greater New York Inc., a 500-member trade association dedicated to developing and maintaining effective communication and networking between the real estate industry and Federal, State and City governments in every facet of the complex task of building, managing and operating real property in New York City.) |
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