Mount Arlington, N.J., Nov. 9, 2005 — GreenShift Corp. announced that Sterling Planet Inc., a retail renewable energy provider through the sourcing and sale of renewable energy certificates (RECs) and a GreenShift portfolio company, executed an agreement with Consolidated Edison (Con Edison) Co. of New York to provide renewable energy options to Con Edison customers in its service area.
This is a new way to support clean energy from electricity generators in New York State that use wind, water and bioenergy to create electricity. Con Edison is a regulated utility that serves an area that includes New York City (except for a small area of Queens), and most of Westchester County.
For $5 per month and up, residential and nonresidential customers alike can opt for cleaner renewable electricity from New York State sources. Customers can choose how green they want to go – buying enough to cover the electricity use of a small, medium or large house or apartment.
The new Sterling Planet initiative is called NY Clean Choice and consists of 40% new wind, 30% small hydro and 30% bioenergy. The bioenergy component is from landfill gas, the natural byproduct of organic decay. The three options or purchase levels are as follows:
NY Clean Choice is now available to all who live in the Con Edison service area, including those who do not have a Con Edison account number because their electricity costs are bundled with other utility or rental costs. Sterling Planet will charge a slight premium for service.