Rockefeller Group gets $557K from Con Ed

TRD New York /
May.May 25, 2011 02:01 PM

For once, it’s Consolidated Edison cutting a large check to a building owner, and not the other way around. Crain’s reported that the Rockefeller Group will get $557,370 from Con Ed for improvements it made to cooling equipment in the Time-Life building, at 1271 Sixth Avenue, between 50th and 51st streets, under a commercial and industrial energy efficiency program. In addition, the Rockefeller Group will save nearly $1 million on its annual utility bill at 1271 Sixth Avenue. Though this instance is remarkable for the size of the subsidy, it’s actually one of 700 customer-generated projects across the city since the launch of the program. Earlier this month, Con Ed reported receiving 50 applications in a single week for the program. “It really seems that a lot of people are becoming more optimistic about the economy and are starting projects,” said David Pospisil, the program’s manager. According to Con Ed, office buildings are responsible for nearly 80 percent of all energy consumed in the city. [Crain’s]

Related Articles

Cooking gas outages are frustrating many New Yorkers (Credit: iStock)

No gas in your apartment? Don’t hold your breath

Sam Chang and 150 West 48th Street (Credit: Google Maps)

Sam Chang lands $250M loan for Midtown hotel project

The lights of The Hard Rock Cafes marquee are out during Midtown’s Saturday blackout (Credit: Getty Images)

Broadway shows, restaurants see major losses from Midtown’s Saturday blackout

The blackout impacted a 42-block stretch of Manhattan between the Hudson River and Fifth Avenue (Credit: Getty Images)

Con Ed still searching for answers in Manhattan blackout

Power restored after blackout envelopes West Side of Manhattan. (Credit Gabriela Bashkar | New York Times)

Power restored after blackout envelops West Side of Manhattan

1271 Sixth Avenue and Rockefeller Group CEO Daniel Moore (Credit: Rockefeller Group)

Investment bank takes two full floors at Rockefeller’s 1271 Sixth Ave

Hampshire picks up Williamsburg waterfront site for $50M

Hampshire picks up Williamsburg waterfront site for $50M

Rockefeller Group looks to sell large Midtown development site

Rockefeller Group looks to sell large Midtown development site