excalibur
Diamond Member
- Mar 19, 2015
- 28,945
- 58,571
- 2,290
More from the: What Democrats Have Wrought files.
Inane energy mandates just because. And Democrats want to do this to all America.
nypost.com
Inane energy mandates just because. And Democrats want to do this to all America.
A top Co-Op City official warned that residents could pay four times more in monthly maintenance charges if New York State’s controversial green-energy laws aren’t peeled back.
Jeffrey Buss, Co-Op City’s general counsel, claimed monthly maintenance fees could skyrocket from $950 for a one-bedroom to more than $4,000 to pick up the tab for the edicts.
Some 50,000 working and middle class residents of The Bronx complex, which is America’s largest residential cooperative, could see their affordable digs become unaffordable if the co-ops are forced to dish out as much as $1 billion to rewire buildings and revamp infrastructure, he said.
...
Co-Op City, developed in the 1960s under a state affordable housing initiative, has an on-site power plant fueled by natural gas that helps supply electricity, heat, hot water and air conditioning to the development’s 15,372 residential units across 35 high-rise buildings and seven townhouse clusters through 26 miles of pipes.
That’s all included in the co-ops’ monthly maintenance fees, but if the buildings have to shift to other sources the complex may have to pay for energy costs “at a price which would exceed existing costs by nearly 500% per year,” he said.
Its power plant is so efficient that the Riverbay Corporation, Co-op City’s corporate entity, sells its surplus gas to Con Edison.
“It’s a genius system. We’re highly efficient from an energy standpoint,” Buss said.
But the state’s Climate Leadership and Community Protection Act of 2019, coupled with a city green energy law, would force Co-Op City to shut down its natural gas power plant and replace it with carbon-free clean energy sources such as wind, solar, hydropower and battery storage, he said.
The law requires New York to reduce carbon emissions by 40% by 2030.
Seventy percent of the state’s electricity must come from renewable sources by 2030 and achieve net-zero emissions by 2040.
Co-Op City, because it falls under the state’s Mitchell-Llama affordable housing program, would need to be in compliance by 2035 with city’s Local Law 97 greenhouse emissions reduction program, Buss said.
Buss said it is technologically impossible for Co-Op City to completely replace its gas-fueled plant with cleaner energy sources. He said renewable, fossil-free energy sources such as solar, wind, or geo-thermal energy aren’t capable to meet the heating, cooling and electrical demands of Co-Op City.
“Although our co-generation turbines can run on 30% hydrogen,” Buss said, “there is no hydrogen supply…I don’t know the solution.”
Co-Op City is diversifying by installing solar panels on top of its garages, which would result in the largest urban solar project in the US. But solar energy would only meet a fraction of Co-Op City’s power needs, he said.
...
Jeffrey Buss, Co-Op City’s general counsel, claimed monthly maintenance fees could skyrocket from $950 for a one-bedroom to more than $4,000 to pick up the tab for the edicts.
Some 50,000 working and middle class residents of The Bronx complex, which is America’s largest residential cooperative, could see their affordable digs become unaffordable if the co-ops are forced to dish out as much as $1 billion to rewire buildings and revamp infrastructure, he said.
...
Co-Op City, developed in the 1960s under a state affordable housing initiative, has an on-site power plant fueled by natural gas that helps supply electricity, heat, hot water and air conditioning to the development’s 15,372 residential units across 35 high-rise buildings and seven townhouse clusters through 26 miles of pipes.
That’s all included in the co-ops’ monthly maintenance fees, but if the buildings have to shift to other sources the complex may have to pay for energy costs “at a price which would exceed existing costs by nearly 500% per year,” he said.
Its power plant is so efficient that the Riverbay Corporation, Co-op City’s corporate entity, sells its surplus gas to Con Edison.
“It’s a genius system. We’re highly efficient from an energy standpoint,” Buss said.
But the state’s Climate Leadership and Community Protection Act of 2019, coupled with a city green energy law, would force Co-Op City to shut down its natural gas power plant and replace it with carbon-free clean energy sources such as wind, solar, hydropower and battery storage, he said.
The law requires New York to reduce carbon emissions by 40% by 2030.
Seventy percent of the state’s electricity must come from renewable sources by 2030 and achieve net-zero emissions by 2040.
Co-Op City, because it falls under the state’s Mitchell-Llama affordable housing program, would need to be in compliance by 2035 with city’s Local Law 97 greenhouse emissions reduction program, Buss said.
Buss said it is technologically impossible for Co-Op City to completely replace its gas-fueled plant with cleaner energy sources. He said renewable, fossil-free energy sources such as solar, wind, or geo-thermal energy aren’t capable to meet the heating, cooling and electrical demands of Co-Op City.
“Although our co-generation turbines can run on 30% hydrogen,” Buss said, “there is no hydrogen supply…I don’t know the solution.”
Co-Op City is diversifying by installing solar panels on top of its garages, which would result in the largest urban solar project in the US. But solar energy would only meet a fraction of Co-Op City’s power needs, he said.
...
Exclusive | NY’s climate mandates may send fees in affordable Co-Op City complex soaring from $950 to $4K
A top official at Co-Op City in The Bronx—America’s largest residential cooperative with 50,000 working and middle class residents—claims that mandates in New York’s controversial clima…
nypost.com
