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School dist. signs share pact despite low expected return. (Syracuse City School District; cogeneration deal with Central Hudson Enterprises Co.)
School Dist. Signs Share Pact Despite Low Expected Return
SYRACUSE, N.Y.-- Despite the fact that it may pay around $32,000 more than it saves over the life of the contract, the Syracuse City School District has entered into a five-year guaranteed lease with the Central Hudson Enterprises Co., Poughkeepsie, N.Y. for a variety of energy-related projects and other improvements at two all-electric schools.
Included in the deal is the installation of a 200 kw cogeneration system and the expansion of a campus-wide Andover 256 energy management system (EMS). Central Hudson will also retrofit outside air dampers to use economizer cycles and retrofit with gas boilers, as well as installing power reducers, lighting reflectors and energy-efficient lamps and ballasts. The total cost of the improvements is about $1.2 million.
As part of the job, the district will use New York State Education Department reimbursement money to help meet lease payments. The state money, routinely offered as a percentage of approved school district …
