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For Release — March 5, 2002

COUNCIL: DRAFT STATE ENERGY PLAN SHOULD EMPHASIZE NEED FOR MORE ELECTRICITY GENERATING CAPACITY

ALBANY, N.Y.—New York's final State Energy Plan should include a more aggressive estimate of future demand than the current draft does, and should emphasize New York's need to site more generating plants to meet future energy needs, Johnny Evers, The Business Council's legislative analyst specializing in energy, testified today.

"While the draft plan does state that New York is in need of more sources of electricity generation, its projections for growth in electric power demand over the next three to five years seem unrealistically-indeed dangerously-low," Evers said.

Evers noted that the draft State Energy Plan projects growth in peak demand from .68 percent a year (the mid-range prediction) to 1.1 percent per year (the high-end prediction). "Yet peak demand has grown an average of 2.1 percent over the past five years," Evers said. "It's grown 1.8 percent a year on average over the last 20 years-for total growth over that period of 43.1 percent."

Evers cited a recent research report by The Business Council's research affiliate, The Public Policy Institute, which estimated that New York must increase its electricity generating capacity by at least 9,200 megawatts over the next five years.

The report, The Power to Grow, said this new capacity is needed to address three key goals: fostering continued economic growth; ensuring continued reliability of New York's electricity systems; and generating the robust competition that is needed to drive prices down in the long term.

Other energy priorities: In his testimony, Evers outlined a number of other energy-related Business Council priorities:

The full testimony

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