The power plant operator, Griffiss Utility Services, plans to install a biomass-fueled combined heat and power generation facility at the Griffiss park. The facility is sized to meet electric and steam needs at the Griffiss park, where it will replace the existing steam boilers, supplanting them as the source for meeting all steam load requirements.
The power plant operator will remain interconnected to National Grid to obtain the remaining 25% of its electric needs.
Garry Brown, chairman of New York PSC, said: “Our decision to approve the financing to build this state-of-the-art renewable energy power plant will be a win-win for the Griffiss park and the Mohawk valley economy.
“Once the plant is operational, the operators will be able to offer electricity and steam service at the lowest possible cost, which will serve as a substantial incentive to attract and retain customers within the Park and fulfill its economic development functions. Lower energy prices – especially if they come from renewable energy sources – are good for all concerned.”
The approved financing would take the form of tax-exempt revenue bonds issued by the Oneida county Industrial Development Agency.
Griffiss Utility Services was formed in 2000 for the purpose of assisting Griffiss Local Development Corporation (GLDC), the operator of the Griffiss park, in fulfilling its purpose of promoting economic development in the Rome, New York region.
