The modernization of the Danskammer facility will create additional benefits for the Hudson Valley community, including generating a positive impact on the local economy while producing cleaner, more efficient and reliable energy at a lower cost to ratepayers.
Learn more about the regional economic and environmental benefits of the project below.
Regional Economic Impact
The Danskammer repowering project is a $500 million private investment in the Hudson Valley community and our local workforce.
The project will:
- Contribute more than $50 million to local governments and schools over the next 20 years
- Contribute $12 million in annual local spending
- Support more than 450 local construction jobs during the two-and-a-half-year construction period
- Support approximately 40 full-time jobs with an annual payroll of $5 million after the new facility is completed
Positive Impact on the Environment
A modernized Danskammer will be better for the environment by offsetting the use of older, dirtier facilities and out-of-state coal plants, resulting in a reduction of regional emissions of carbon dioxide (CO2), nitrogen oxide (NOx) and sulfur dioxide (SO2).
As part of the Article 10 application process, an independent study by ICF Consulting was conducted to determine the impact of a modernized Danskammer on the environment. The study found that a modernized Danskammer will:
- Reduce regional emissions of CO2 by 333,000 tons annually – the equivalent of taking 70,000 cars off the road or removing 56,000 residential sites with emissions from the grid
- Reduce regional emissions of NOx by 463 tons annually
- Reduce regional emissions of SO2 by 437 tons annually
Savings for Ratepayers
A modernized Danskammer will produce cleaner and more efficient energy, lowering the cost for hundreds of thousands of families in the Hudson Valley. The estimated cost savings for New York ratepayers is more than $50 million annually.
|NYISO Capacity Zone||Projected Energy Savings|
|Zone A – Western New York||$711,038|
|Zone B – Genesse||$1,129,994|
|Zone C – Central New York||$3,237,912|
|Zone D – North Country||$989,363|
|Zone E – Mohawk Valley||$1,455,078|
|Zone F – Capital Region||$2,748,937|
|Zone G – Hudson Valley||$6,014,869|
|Zone H – Millwood||$1,752,085|
|Zone I – Dunwoodie||$3,361,371|
|Zone J – New York City||$23,406,317|
|Zone K – Long Island||$8,202,114|
|New York State||$53,009,079|
*Based on average Location Marginal Price cost savings per ICF modeling for A10
**Based on projected energy consumption by zone as projected by NYISO in the 2019 Gold Book for 2024.