Competitive Power Ventures, Inc. - Energy Highway

CPV VALLEY ENERGY CENTER
A. EXECUTIVE SUMMARY
1.0 Project Abstract
CPV Valley Energy Center, located in Orange County, New York, is an technologically-advanced clean
combined-cycle power generation project that is expected to deliver over $270 million of annual
reductions in electric costs for New York ratepayers, significantly reduce harmful pollutants by
displacing power generated from older, dirtier generation sources, add dispatch flexibility to spur
intermittent renewable resource development and spur over $1 billion in private investment in the
local economy. Following over 4 years of development activity, the CPV Valley Energy Center is
nearing completion of all major permits to start construction and represents an immediate actionable
project that could meet the objectives and goals of the Energy Highway initiative.
2.0 Executive Summary
The CPV Valley Energy Center is 650 MW advanced stage development project that meets the
objectives and goals of the Energy Highway initiative set forth by Governor Cuomo. The CPV Valley
Energy Center offers New York an opportunity to build a stronger economic future as well as enhance
and modernize New York’s electric power system.
The CPV Valley Energy Center offers New York:
• $273 million of average annual reduction in electric costs for the ratepayers of New York,
• Reduction in NO x emissions, SO x emissions, and Mercury emissions by approximately 816 tons,
325 tons and 4 lbs per year, respectively,
• Reductions in 494,000 tons per year of greenhouse gas emissions due to the high efficiency of
combined-cycle generation and the displace of older, less efficient units, as well as the water
conscious design of the CPV Valley Energy Center will make a positive impact on New York’s
environmental profile,
• Over $1 billion of economic benefit to the local economy from the construction and long-term
operation of the CPV Valley Energy Center,
• 1,890 of new jobs from the construction of this new $900 million state-of-art generation
facility,
• 131 jobs during the operating life of the project, and
• Enhancements for the long-term reliability of New York’s electric system through the addition
of new dual fuel generation and transmission capabilities, thereby reducing New York’s
dependency on older, less efficient generation technology, especially in densely populated
areas.
CPV Valley Energy Center is in an advanced stage of development with the SEQRA Findings Statement
being adopted by the Lead Agency in May of 2012, and a number of interconnection and deliverability
studies completed by the New York Independent System Operator (NYISO).
The CPV Valley Energy Center represents an immediate actionable project that could begin
construction in 2013 for an in-service date in 2016. This opportunity provides a low-risk option for
New York to make meaningful reductions in the cost of electricity for New York ratepayers while
improving the air and water quality in the state and creating a stronger economy.
New York Energy Highway
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