N s t I t u t E

N ew Y ork C itY e NergY L aws aNd r eguLatioNs u pdate 2012

Prepared in connection with a Continuing Legal Education course presented at New York County Lawyers Association, 14 Vesey Street, New York, NY presented on Wednesday, September 12, 2012.

N Y C L A - C L E

ProgrAm Co-sPoNsor:

Rent Stabilization Association (RSA)

P r o g r A m m o d E r At o r :

Mitchell Posilkin and Robin A. Bernstein, RSA

P r o g r A m F A C u Lt Y :

Bethany Bowyer, Mayors Office of Long Term Planning & Sustainability; Cameron Bard, NYSERDA Multifamily Programs; Kenneth Camilleri, ICF International; Aaron Choo, National Grid; Anthony Nole, Hess Energy Solutions; Posie Constable, New York City Energy Efficiency Corporation; Robert Daly, New York City Department of Buildings; Gerri Kelpin, New York City Department of Environmental Protection; Mark DeYoanna, National Grid; Joseph McGowan, Con Edison; Phil Vos, Brightpower, Inc.; Michael R. Weisberg, M-Core Credit Corporation

3 TRANSITIONAL & NON-TRANSITIONAL MCLE CREDITS:

This course has been approved in accordance with the requirements of the New York State Continuing Legal Education Board for a maximum of 3 Transitional & Non-Transitional credit hours: 3 PP/LPM

Information Regarding CLE Credits and Certification New York City Energy Laws and Regulations September 12, 2012; 9:00 AM to 12:15 PM
The New York State CLE Board Regulations require all accredited CLE providers to provide documentation that CLE course attendees are, in fact, present during the course. Please review the following NYCLA rules for MCLE credit allocation and certificate distribution. i. You must sign-in and note the time of arrival to receive your course materials and receive MCLE credit. The time will be verified by the Program Assistant. You will receive your MCLE certificate as you exit the room at the end of the course. The certificates will bear your name and will be arranged in alphabetical order on the tables directly outside the auditorium. If you arrive after the course has begun, you must sign-in and note the time of your arrival. The time will be verified by the Program Assistant. If it has been determined that you will still receive educational value by attending a portion of the program, you will receive a pro-rated CLE certificate. Please note: We can only certify MCLE credit for the actual time you are in attendance. If you leave before the end of the course, you must sign-out and enter the time you are leaving. The time will be verified by the Program Assistant. Again, if it has been determined that you received educational value from attending a portion of the program, your CLE credits will be pro-rated and the certificate will be mailed to you within one week. If you leave early and do not sign out, we will assume that you left at the midpoint of the course. If it has been determined that you received educational value from the portion of the program you attended, we will pro-rate the credits accordingly, unless you can provide verification of course completion. Your certificate will be mailed to you within one week.

ii.

iii.

iv.

v.

Thank you for choosing NYCLA as your CLE provider!

New York County Lawyers Association Continuing Legal Education Institute

14 Vesey Street, New York, N.Y. 10007 (212) 267-6646 NEW YORK CITY ENERGY LAWS AND REGULATIONS Update 2012 September 12, 2012
Program Moderators: Mitchell Posilkin, General Counsel, RSA Robin A. Bernstein, Deputy Counsel, RSA

AGENDA
8:30A.M.-9:00A.M. 9:00A.M.-9:15A.M. Coffee and Registration Vendor Exhibits Open Welcome and Announcements Bari Chase, NYCLA Joseph Strasburg, President, RSA Heating Fuel Conversion Bethany Bowyer, Mayors Office of Long-Term Planning & Sustainability Kenneth Camilleri, ICF International Robert Daly, NYC Department of Buildings Gerri Kelpin, NYC Department of Environmental Protection Joseph McGowan, Con Edison Aaron Choo, National Grid BREAK Vendor Exhibits Open

PANEL I 9:15A.M.-9:45A.M.

10:00A.M.-10:30A.M.

10:30A.M.-11:00A.M.

11:00 A.M.-11:30A.M.

PANEL II 11:30A.M-12:00P.M.

Financing and Incentives Posie Constable, New York City Energy Efficiency Corporation Cameron Bard, NYSERDA Multifamily Programs Michael R. Weisberg, M-Core Credit Corporation Anthony Nole, Hess Energy Solutions

PANEL III 12:00P.M.-12:15P.M. 12:15P.M.-12:45P.M.

Energy Audits & Retrocommissioning Phil Vos, Bright Power, Inc. Q&A Vendor Exhibits Open

New York County Lawyers Association Continuing Legal Education Institute

14 Vesey Street, New York, N.Y. 10007 (212) 267-6646

NEW YORK CITY ENERGY LAWS AND REGULATIONS Update 2012 September 12, 2012 TABLE OF CONTENTS PlaNYC: A Greener Greater New York Bethany Bowyer, Mayors Office of Long-Term Planning & Sustainability Kenneth Camilleri, ICF International Clean Heat Robert Daly, NYC Department of Buildings Fuel Oil Conversions Gerri Kelpin, NYC Department of Environmental Protection National Grid: Supporting NYCs Clean Heat Program Aaron Choo, National Grid A. Mark deYoanna, National Grid Energy Efficiency and Clean Heat Finance Posie Constable, NYC Energy Efficiency Corporation Equipment Secured Only Financing Michael Weisberg, M-Core Credit Corporation Choosing the Right Partner to Meet Your Energy Needs: Converting from Oil to Natural Gas Anthony Nole, Hess Energy Solutions About NYCs Local Law 87: The Energy Auditing and Retro-Commissioning Requirement Phil Vos, Bright Power, Inc. New York City Local Law 84 Benchmarking Report

The following Laws and Regulations can be downloaded at www.nycla.org

DEP Rules Regarding the Use of #4 and #6 Fuel Oil In Heat and Hot Water Boilers & Burners Local Law 84 of 2009 (Benchmarking) City Benchmarking Regulations Benchmarking Summary Local Law 87 of 2009 (Energy Audits & Retrocommissioning) Proposed City Regulations (Energy Audits & Retrocommissioning) Compliance Checklist ( Energy Audits & Retrocommissioning)

Heating Fuel Conversion

Bethany Bowyer, Mayors Office of Long-Term Planning & Sustainability Kenneth Camilleri, ICF International Robert Daly, NYC Department of Buildings Gerri Kelpin, NYC Department of Environmental Protection Joseph McGowan, Con Edison Aaron Choo, National Grid

Rent Stabilization Association

September 12, 2012

PlaNYC: A Greener Greater New York

Air Quality
Achieve the cleanest air of any big U.S. city

Energy
Reduce energy consumption and make our energy systems cleaner and more reliable

Climate Change
Reduce our greenhouse gas emissions by more than 30%

The Need to Eliminate Heavy Oil

Eliminating No. 6 and 4 heavy heating oil is one of the highest impact strategies we can undertake to make New York Citys air quality the cleanest of any major U.S. City
Quantifying the Influence of Heavy Oil
In 2008-09 the Department of Health conducted the NYC Community Air Survey at 150 monitoring sites citywide PM 2.5 levels were 30% higher, on average, in parts of the City with the highest densities of heavy oil use compared to the lowest densities

Annual Health Impacts from PM 2.5

Over 3,000 deaths 2,000 hospitalizations for lung and heart conditions 6,000 ER visits for asthma in children and adults

Heating Oil Regulations

In April of 2011, DEP finalized regulations that will eliminate heavy oil use in two phases to balance near-term health benefits with cost minimization for buildings

Phase 1
As of July 1, 2012, DEP no longer approves Certificates of Operation for No. 6 oil As these permits must be renewed every three years, No. 6 oil will be completely eliminated by 2015

Phase 2
All buildings must convert to cleanest fuels by 2030 or when replacing boiler/burner whichever happens sooner

NYC Clean Heat Program

In tandem with the regulations, the Mayor launched NYC Clean Heat to accelerate conversions to the cleanest fuels in order to realize these health benefits much sooner
Technical Assistance
NYC Clean Heat staff is available to guide buildings through the conversion process NYC Clean Heat is working closely with the utilities and industry leaders to help buildings save money and convert to the cleanest fuels

Website
Visit nyc.gov/cleanheat to learn more about health impacts of heavy oil, clean conversion options, the conversion process, when your building must convert, and more

Contact NYC Clean Heat

Email info@nyccleanheat.org or call 311 and ask for NYC Clean Heat

Available Financing
On June 13th, Mayor Bloomberg announced more than $100 million in financing and other new resources to help city buildings convert to cleaner fuels as part of the NYC Clean Heat program
Financing & Incentives
The City is creating a $5M loan loss reserve fund that will enable a significant portion of this private financing and making it accessible to low- and moderate-income buildings

Financial institutions, including Chase, Deutsche Bank, Hudson Valley Bank, Citi and the Community Preservation Corporation, have committed $90M in private lending for such projects NYC Housing Development Corporation and Department of Housing Preservation and Development will offer an additional $18M for mixed-income residential buildings

Program Goal and Benefits

GOAL: Reduce fine particulate matter emissions (PM 2.5) from the use of heavy heating oil by 50% by the end of 2013

PM 2.5 Emissions (metric tons)

Sources of Emissions Reductions to Achieve 50% Goal by End of 2013

Baseline (Jan 2011)

Health and Economic Benefits of Achieving Proposed Goal

800

800

PM 2.5 Emissions (MTons)

PM 2.5 Emissions (MTons)

700 600 500 400 300 200 100 0

700 600 500 400 300 200 100 0 2011 2012 2011

PM 2.5 Emissions (MTons)

PM 2.5 Emissions (MTons)

800 700 600 500 400

800 700 600 500 400

Low Sulfur #4 Law Heavy Oil Regulations

Annual Health Benefits

Outcome of Regulations

Lives Saved
Avoided ER Visits Avoided Hospitalizations Economic Benefits

120 200 77

Clean Heat Program

50% Reduction

370.6 metric tons

300 300 Shift Shift to LS#4 to LS#4 #6 #6 to #4LS to #4LS 200 Accelerated Conversions Accelerated Conversions 200
100 0

Conversion Types
#4 Low-Sulfur #4 #4 to to Low-Sulfur #4 #6 Low-Sulfur #4 #6 to to Low-Sulfur #4 #6 and #4 to Cleanest Fuels #6/#4 to Cleanest Fuels

# of Jobs Created Construction Spending

1,744 $304
Million
2012.5

100 0 2010 2012 2012 2010

2011.5 2011.5

2013

2010.5 2010.5 2012.5 2011.52011 2013 2012.5 2011 2013 2012

2014

2011.5 2012.5 2013

2012

20

Program Progress
GOAL: Reduce fine particulate matter emissions (PM 2.5) from the use of heavy heating oil by 50% by the end of 2013

Program Progress
Completed Conversions: 765 properties (of 8,122) converted from heavy oil, with 81% converting to the cleanest fuels Eliminated 72 metric tons of PM 2.5 or nearly 20% of program goal (of 373 metric tons) Conversion Pipeline: Over 1,250 properties are currently working towards conversions and in contact with the technical assistance program These conversions could lead to an additional 162 metric tons of reduction, or 44.5% of program goal
100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0%

Progress Toward 50% Goal

To be identified Inquiry In Construction Complete

Current Participation PM 2.5 Baseline 8

Citywide
81% of buildings burning heavy oil are located in Manhattan and the Bronx

Buildings Burning No. 6 and No. 4 Oil by Borough

4500 4000 3500 3000 2500 2000 1500 1000 500 0

4,252

2,376 1,050 427 Manhattan Bronx Queens Brooklyn

17
Staten Island

Building Stock
Nearly 90% of buildings burning heavy oil are residential and 47% of buildings burning
heavy oil across the city are rent-regulated Market Rate and Rent-Regulated Buildings Burning Heavy Oil
100% 90% 80%

Types of Buildings Burning Heavy Oil

Elevator Apartments Walk-Up Apartments

70% 60% 50% 40% 30% 20% 10% 0% 1

Office Buildings
Condominiums
Walk-Up Apartments Elevator Apartments

RentRegulated

Loft Buildings
Other

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Cleaner air is within reach

Contact NYC Clean Heat

Email info@nyccleanheat.org or call 311

nyc.gov/cleanheat

Clean Heat

Robert Daly, P.E. NYC Department of Buildings Boiler Division

What you need to know

Condition of the existing boiler & burner Condition of oil tank Is the equipment oversized? Is natural gas available at a reasonable cost? Is your masonry chimney lined?

Who do you call to evaluate?

Satisfied with current burner service? Ask their opinion, have them perform an efficiency test Boiler Insurance Policy? Request an internal boiler inspection Possible hydrostatic test to 1-1/2 times Non-destructive testing - $10,000/boiler Is chimney lined?

Change from #6 to #2/#4 Oil

Disconnect sidearm heater Install anti-siphon Oil pump may not run continuously Tank must have containment Tank rooms must restore fire rating of rm Fill pipe must have containment (sidewalk fill cant be in dirt, pavers, etc.)

Boilers 10-20 Years Old

Have efficiency and capacity verified. Oversized devices waste money. Gas available? Install new burner If gas is not available, switch to #2/#4 Possibly add gas hot water heater

Boiler 20-30 years old

Must have boiler evaluated If boiler is in fair good condition (evaluator believes 5+ years) change grade of oil. Consider installing a hot water heater and shut down boiler from memorial day through labor day. Prepare carefully for a new heating plant

Over 30 years old

Change Grade of Oil over the summer. #6 to #4 can be made easily. Plan for heating plant replacement. Consider domestic hot water and pool heater on separate gas fired devices. Consider possible small cogeneration if a large domestic hot water load is required.

Masonry Chimney Lining

Not required if only firing oil Verify lining condition with camera Unlined masonry must have a lining for gas fired boilers. Mortar is destroyed. Lining can be expensive

Existing Oil Tank Containment

Must have concrete floor and walls sealed. If resting on floor (no saddles) install them. If partially into ground, follow DEC rules.

Predictions
Natural gas will remain much cheaper for next five years Price spread will shrink starting in 2015 Recommend dual fuel burners even if oil is not connected.

rdaly@buildings.nyc.gov

Fuel Oil Conversions

RSA
September 12, 2012

Overview
Our Plan to Improve Air Quality 1.Heating Oil Regulations 2.Accelerating Conversions 3.Streamlining the Process

DEP Rule
After extensive analysis and outreach, the most cost-effective approach was the program adopted in the rule: 1.No new #4 or #6 boilers permitted, effective May 23, 2011. 2.Phase out of #6 to new low sulfur #4 between July 1st 2012 and 2015. 3.Mandatory switch to #2/NG by 2030 or boiler retirement (whichever is first). Results Early emissions reductions produce significant cumulative benefits Particulate matter is reduced by 10 times, or 15,605 tons (cumulative from 2010-2040) Nickel is reduced by 7.5 times, or 413,367 lbs (cumulative, 2010-2040)

General Requirements
A separate application is required for each unit of equipment or apparatus, unless identical units of equipment or apparatus are to be installed, altered or operated in an identical manner in the same building. Each application must be signed by the applicant and professionally certified. For an operating certificate application, the certifying engineer must also certify that he/she inspected the equipment and that the equipment satisfies the requirements of the code. Installations must pass an engineering inspection and performance test to be granted an operating certificate. Certificates are renewed every three years and requires an inspection by the DEP. Applicants switching off of #6 fuel should use the APC 314 C (Application to Renew Certificate to Operate) and file with DEP instead of using the BO9 process. The fee for filing the APC 5-0 (Fossil Fuels Combustion Equipment Application for Permit to Construct and Certificate to Operate) or the APC 314 C is based on the gross input rating or designed fuel consumption rating in millions of btu/hr which ranges from $345 per boiler to $1440 with an additional $125 for each additional 10 million btu/hr.

Standards for Granting Permits

The applicant must demonstrate and certify that: The equipment is designed and will be installed or altered to operate in accordance with the provisions of the Air Code. The equipment incorporates state of the art air pollution control developed for the kind and amount of air contaminant. Operation of the equipment will not prevent the attainment or maintenance of applicable emission criteria. All parts of the equipment can be readily cleaned and repaired and available for inspection.
5

Fuel Grade Choices

The rule provides the following options for new work permits for fuel burning equipment using #4 or #6 fuel oil submitted after May 23, 2011 and for work permits for the same submitted prior to May 23, 2011 where the request for the certificate of operation is made after May 23, 2011, the applicant submits an
amendment specifying the use of #2 fuel oil or natural gas. 1. Effective July 1st, 2012, all boilers upon their expiration date, will be required to switch from No. 6 oil to low sulfur No. 4 heating oil by 2015, or the applicant demonstrates to the satisfaction of the Commissioner that the PM and NOx emissions will be equivalent to or less than the emissions from No. 4 fuel oil. 2. Existing boilers that have not been replaced by January 1st, 2030 must be modified to meet the equivalent emissions of burning low sulfur No. 2 oil or natural gas, or the applicant demonstrates to the satisfaction of the Commissioner that the PM and NOx emissions will be equivalent to or less than the emissions from No. 2 fuel oil. 3. In kind replacement for boilers that used No. 6 fuel oil now requires a new application, using No. 2 oil and/or natural gas. For more information as to how to demonstrate equivalency, visit
http://www.nyc.gov/html/dep/html/air/buildings_heating_oil.shtml and click on the form below that applies to your conversion process.

Requirements when Switching Fuel Oil Grade

Title 15, Chapter 2 of the Rules of the City of New York address the Department of Environmental Protections requirements related to use of fuel oil burning equipment. 2-11(d) 2 (vi) provides direction as to what is required when switching from a heavier fuel oil to a lighter fuel oil. The relevant information is provided below: When boiler utilizing #6 oil is converted to #2 oil, the following steps must be taken: (a) Primary heater. (1) Primary heater must be disconnected, dismantled and physically removed, or (2) Primary heater oil lines (suction & discharge) must be disconnected. However, water or steam line(s) going into heater may be left intact in order to prevent corrosion and insure proper support. Pipe plugs must be installed in place of oil line(s) connections and it must be properly sealed by suitable materials and/or wire and lead seal to prevent reconnections. (b) Electric heater. (1) Electric heater must be disconnected, dismantled and physically removed, or (2) (i) Disconnect electrical wiring (ii) Electrical elements and coil must be removed; opening must be properly closed by blank flange plates. (iii) Empty secondary electric heater cylinder (shell) must be properly sealed by suitable materials and/or wire and lead seal to prevent reconnections. When boiler utilizing #6 oil is converted to #4 oil, the following steps must be taken: (a)Primary heater. (1) Primary heater must be disconnected, dismantled and physically removed, or (2) Follow the same procedure which is described above for #6 oil to #2 oil. (b) Electric heater. (1) Electric heater may remain intact and operating or (2) Electric heater may be disconnected and removed as described above for #6 oil to #2 oil conversion. When boiler utilizing #4 oil is converted to #2 oil, the following stops must be taken: (a) Electric heater. (1) Electric heater must be disconnected, dismantled and physically removed or (2) Electric heater must be disconnected as described in #6 oil to #2 oil conversion. Furthermore, contractor must consult with manufacturer of burner regarding suitability of using #6 oil pump for #2 oil, because of change in viscosity of oil. It is also advised that contractor must make proper adjustments or tune up of burner in order to assure proper and complete combustion.

City Works To Minimize Costs

The City has been working to minimize costs: DEP/DOB agreement to streamline permit process, on fuel switch from No. 6 to No. 4 oil shall now be allowed under a Limited Alteration Application (LAA). The LAA is part of the one-stop method where applicants will file the LAA with DOB. Effective July 1, oil burner installers may file Limited Alteration Applications to change fuel grades for a cleaner oil. LAA permits will be accepted for piping work to change a fuel grade from Number 6 to Numbers 4 or 2, or from Number 4 to Number 2. The Department of Buildings requires a $100 filing fee and, when an ACP5 is required, the associated $47 asbestos filing fee. When there is no change in the firing rate, the Department will also accept the $65 payment for the Department of Environmental Protections fuel grade oil change fee. Checks or money orders must be made payable to the Department of Buildings. When the firing rate of the system changes, applicants must file an Amendment AR355 form directly with DEP, and make the $65 fee payment to the Department of Environmental Protection. Download DEPs AR355 form at nyc.gov/DEP/html/dep/pdf/air/amendment.pdf. Applicants who are switching to natural gas will likely need a new burner and/or boiler which would require a new work permit to obtain a certificate of operation. DEP is also working to expedite the approval process for applications that are affected by this rule.

Compliance Agreements for Building Owners

We do not have to predict ahead of time which buildings will have difficulty, instead, building owners will have the option to apply on a case-by-case basis based on demonstrated need. Factors include financial hardship, whether the owner is an equity owner of the buildings, the presence of underground tanks that must be remediated because of the conversion of existing boilers, prior good faith efforts to comply, the scale and timing of commitments to convert to the cleanest fuels, the levels of PM and NOx emitted by the boilers, whether the boilers are located in neighborhoods with high densities of boilers that use #4 oil or #6 oil, and the public health consequences of delayed compliance with this Rule For more information as to what requirements need to be included, please review the Compliance Agreement Form located at http://www.nyc.gov/html/dep/pdf/air/compliance-agreement.pdf Compliance agreements will be narrowly tailored paths to minimize any public health impacts to residents.

Questions
For more information:

http://www.nyc.gov/html/dep/html/air/buildings_heating_oil.shtml

10

National Grid: Supporting NYCs CLEAN HEAT Program

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RSA & NYCLA Seminar: PANEL I: Update 2012:Heating Fuel Conversion

Aaron Choo, Manager, NYC Agencies, Community & Customer Management, National Grid A. Mark de Yoanna, Manager, Customer & Business Strategy, National Grid

September 12, 2012

National Grid serves over 1.1 million residents in 3 of NYCs 5 Boroughs

National Grid provides Natural Gas service in Brooklyn, Queens, and Staten Island

Source: New York City Department of City Planning

The CLEAN HEAT Program is an integral part of NYCs innovative sustainability plan PlaNYC

In April 2011,Clean Heat regulations were finalized that end the use of heavy heating oil in NYC
No new #6 or #4 oil-fired boilers or burners effective immediately Existing boilers must stop using #6 oil by their next permit renewal, beginning July 2012 All buildings must switch to the cleaner fuels (e.g., Natural Gas*) at boiler retirement or by 2030, whichever is sooner Challenges: Infrastructure and financing conversion costs (e.g. venting and oil tank removal)

* or less desirably Clean #2 oil

2

National Grids remaining share of #6 and #4 Oil burning buildings continues to steadily decrease
Since NYCs CLEAN HEAT Program was launched in late April 2011, National Grid has converted nearly 200 #4 & #6 oil buildings to Natural Gas with an additional 63 in progress We are actively working to help convert all eligible customers from all grades of Oil including #4 & #6 to Natural Gas wherever adequate infrastructure exists

National Grid
Eligible Accounts

~ 700

Over the past decades, National Grid has aggressively converted buildings in our footprint from all grades of Oil to clean Natural Gas -- averaging well over 1,000 per year in NYC alone
3

CLEAN HEAT Customer Conversion Prioritization

Source: New York City Department of City Planning

#6Oil Burning Customers

National Grid
Eligible Accounts

#4Oil Burning Customers

National Grid
Eligible Accounts

#2Oil Burning Customers

By Borough By Zip Code / Neighborhood Conversion efforts focused on # 6 & 4 oil customers clusters aggregate # 2 oil customers as well

~ 700

~ 700

Ongoing Priority 1 Priority 2

Our Goal is to convert 100% of the remaining CLEAN HEAT Eligible customers to gas wherever adequate infrastructure exists
#6 Oil burning customers with the most urgent need to Convert will be our first priority Next, we will target # 4 Oil Customers highlighting the long-term economic and environmental benefits of Natural Gas

As always, we will continue to simultaneously target #2 Oil Customers proximate to CLEAN HEAT Eligible customers to help drive down customer conversion contributions to as close to $0 dollars as possible 4

Converting from Oil to Natural Gas The Basics

Below are the most frequently asked questions by Multifamily Owners and Agents considering converting from oil to gas : Why should I consider converting now? Describe the process of converting to natural gas? What assistance does National Grid provide? Ive heard about energy efficiency programs so much. What are they, do I qualify and how do I get started?

Why should I consider converting now?

Why should I consider converting now?

Price and Price Volatility (Get off the Rollercoaster) August price per therm of Natural Gas Firm Rate = $1.09 (excl. Taxes) Equivalent cost per gallon of #2 oil = $3.78!!!!!!!!! Value Added Benefits of Natural Gas National Grids EE Programs (for firm rate customers only) NYSERDA Programs

Not to mention CLEAN HEAT

What are the benefits of converting to Natural Gas?

Clean operating and efficient Environmentally friendly, cleaner burning natural gas can increase efficiency up to 30% Reduce maintenance Fewer moving parts means less maintenance, so theres less chance of breakdowns Reduce costs Reduce hidden costs associated with oil (pumps, motors, filters, permits, maintenance, and poor system efficiency) No oil delivery worries Natural gas eliminates timeconsuming testing and record keeping required by oil systems Reliability and Confidence - Of a regulated, on site meter A Safe and Secure Domestic Resource Natural gas is piped directly to your business, metered according to PSC guidelines and paid for after it is used

Price Comparison #2 Htg. Oil vs. Natural Gas Historical Comparison

Price Comparison #2 Htg. Oil vs. Natural Gas Commercial Sector / Retail Delivered Pricing Monthly Prices and Forecast New York 2005-2012
$5.00 $4.50 $4.00 $3.50 $3.00 $2.50 $2.00 $1.50 $1.00 2005 2006 2007 2008 2009 2010 2011 2012
No. 2 Heating Oil $/gal - Northeast Natural Gas $/gal Equivalent - New York

Historical Pricing and Forecast 2005 through 2012 Source: U.S. Dept. of Energy Pricing Forecast, www.eia.doe.gov/steo - March 8, 2011 Natural gas price per MCF is converted to equivalent gallon price. MCF(1,000,000 btus)/gallon = (138,500 btu's) = conversion factor 7.22

Describe the process of converting to natural gas Converting from oil to natural gas can seem like a daunting project. However, National Grid Multifamily Energy Consultants will walk you through every step of the process. There are 4 steps to plan for:
1. Pre-Evaluation Infrastructure requirement review is KEY!!!!!! 2. Contractor bid solicitation take the time to shop around 3. Installation - (equipment and potentially gas infrastructure needs) 4. Post installation review NG safety start up

1. Contact NG
PreEvaluation
(w/ N. Grid determine Infrastructure requirements)

2. Solicit Contractor Bids

3. Install Equipment
(w/ N.Grid Project Management Support)

4. Post Installation Review

10

Infrastructure Requirements
National Grid provides customers converting to natural gas with lowcost or no-cost gas main/service lines based on their entitlement to these facilities under the Companys tariff and applicable regulations.
The amount of any required customer contribution is dependant on the customers proximity to existing gas main and the gas rate the customer elects.

Multifamily Customers have the choice between

Firm gas service Temperature controlled (TC) service Note: Firm customers are entitled to 100 ft main and 100 ft of service in public right of way (ROW) at no cost. TC customers are not entitled to any free facilities.

If the customer is required to contribute to the cost of gas main and/or gas service because required facilities exceed the customers entitlement, these costs can be mitigated by the entitlements/contributions of other customers in the area utilizing the same infrastructure. If a TC customer has a dual fuel burner and is interested in adding natural gas as a fuel source, this type of system may require a much smaller internal capital investment by the customer
The customer will still have to be analyzed to determine the main, service and costs (if any) required to supply the anticipated gas load and associated costs. 11

What assistance does National Grid provide for oil to gas conversions?
Cash Rebates (6+ apts.) Firm rates Dual fuel rates (i.e., TC or temperature controlled) Discounted Equipment (6+ apts.) Boilers Furnaces Burners Water heaters Rebates or discounted equipment can be used on conversions where gas is available We are here to help!

12

We are here for you

To Helpeach multifamily customer prioritize and reach financial goals by simplifying what seems like a complex process To Helpprove how converting can improve your bottom line including presenting at Board Meetings To Helpdefray some of the costs with incentives that reduce your overall costs for systems improvement To Helpby assisting you throughout the process from start to finish.

Asyourtrustedenergyadvisor,NationalGrids experiencedenergyefficiencyprofessionals willhelpyoutransformyourbusinesspractices.

13

What are National Grids Energy Efficiency programs, do I qualify and how do I get started?

PRESCRIPTIVE
Fixed incentives paid for installation of specific, predetermined energy efficiency measures and equipment.
Eligible equipment must have specified energy efficiency ratings

CUSTOM
Includes measures not covered under the prescriptive incentives. Requires a technical analysis of proposed energy measures and associated energy savings to determine incentive amount. Incentives are generally the lesser of:
Up to 50% of the installed cost which includes labor and equipment A buy-down of equipment costs equal to a one-year payback

VISIT us on the Web at: VISIT us on the Web at: www.PowerOfAction.com/efficiency www.PowerOfAction.com/efficiency

Who Qualifies? * All National Grid customers on Firm Gas Rate Tariffs (no Temperature Control / Interruptible customers) * Gas to Gas Conversions: Customers on Rates: 3 & T3 (6 75 units) * Oil to Gas conversions additional rebates are also available
>75 apartments may qualify through NYSERDA
14

In Closing
National Grids Goal is to convert 100% of eligible customers to Natural Gas
Were committed to helping our eligible customers in Brooklyn , Queens and Staten Island comply with NYCs CLEAN HEAT Program We are actively working to help convert all eligible customers from all grades of Oil including #4 & #6 to Natural Gas wherever adequate infrastructure exists Were Here for You to Help

15

Contact Information
Aaron Choo Manager, NYC Agencies, Community & Customer Management Office: 718-403-1057 Email: aaron.choo@nationalgrid.com Aurelio Mark de Yoanna Manager, Customer & Business Strategy Office: 718-403-2365 Email: aurelio.deyoanna@nationalgrid.com Frank Saporito Multifamily Energy Consultant Office: 718-270-5915 Email: frank.saporito@nationalgrid.com

16

Financing and Incentives

Posie Constable, New York City Energy Efficiency Corporation Cameron Bard, NYSERDA Multifamily Programs Michael R. Weisberg, M-Core Credit Corporation Anthony Nole, Hess Energy Solutions

RSA Energy Efficiency and Clean Heat Finance

September 12, 2012

NYCEECMission

Credit:NYCMayorsOfficeofLongtermPlanningandSustainability

Publicprivatepartnershiptosupport NYCsenergyandclimate actiongoalsbycatalyzinganenergyefficiencyretrofitand boilerconversionfinancingmarket forprivatebuildingowners

NewYorkCityEnergyEfficiencyCorporation

WhatisNYCEEC?
IncorporatedinOctober2010bytheCityofNewYorkasa nonprofit,independentcorporation $37.5M+initialcapital fromU.S.DeptofEnergyARRAfunds andphilanthropicfoundationfunding $5.0MMfromtheCityofNewYorkforCleanHeatfinancing Pioneering: firstmunicipallyformedenergyfinancing corporationintheU.S. GovernedbyaBoardofrealestate,energy,andfinance expertsincludingthreeCityofficialsandsixprivatesector directors
NewYorkCityEnergyEfficiencyCorporation 3

NYCpolicieshavecreatedrobustEEandfuel conversionopportunities
GreenerGreaterBuildingsPlan:landmarklegislationthatset efficiencyrequirementsforexistingbuildingsover>50ksf

PlaNYC: GreenerGreater BuildingsPlan

LocalLaw84:Benchmarking LocalLaw87:Audits&Retrocommissioning 16,000buildingsover50ksfinNYC,ofwhich~15%are commercialbuildings NYCChallenges:Universities,Hospitals,Condos&Coops

Clean Heat

LocalLaw43:Buildingsburning#4oilor#6oilmustconvert toeither#2oil,naturalgas,oroilthatmeets#2oilstandards, by2030 Citygoal:Reduceparticulatematterfromheavyheatingoilin buildingsby50%byendof2013 Over8,000propertieswithprimaryfuelof#4or#6oil

NewYorkCityEnergyEfficiencyCorporation

Whattypeofbuildingsareaffectedbythecleanheat rules?
Approximately8,000buildingsare affectedbytheCleanHeatrules. 50%ofthepropertiesarelocatedin Manhattanand30%areinthe Bronx. 75%ofthebuildingsaremultifamily apartmentbuildings.Theserunthe gamutfromParkAvenue cooperativestolowincomerentals intheSouthBronx.Roughlyhalfof the8,000propertiesaremultifamily buildingssubjecttorentregulations. Anestimated1,500buildingscan converttogasinthenearterm.The balanceshouldconvertto#2ULSD orwaituntilhighpressuregaslines canbeinstalled.Considerdualfuel.
NewYorkCityEnergyEfficiencyCorporation

*Otherincludesreligiousinstitutions,industrialbuildings, hospitalsandhealthcarefacilities,retailbuildingscultural facilitiesandothermiscellaneousstructures.

Efficiency/ConversionFinancingSynergies
BBL Facility Facility Address Zip Facility Borough Audit/ BuildingRetrocomm Square issioning Footage Deadline FuelType Total Gallons (DEP) TopOil BaselinePM Users 2.5(tons)

1192 WALTON 2024630034 AVENUE 750EAST 132 2025430060 STREET

10452

Bronx

59,459

2013

#6

49,275

0 0.07615749

10454

Bronx

300,000

2013

#6

139,613 Top1000 0.21265075

Crossreferencebuildingswithbothconversionmandatesandnearterm Audit/Retrocommissioningdeadlines.Precomplianceofupto4yearspriortoAudit deadlineexemptsbuildingthroughnextcycle. ProposeconductingAuditandperformingRetrocommissioningScope alongwith ConversionScopetoestablishprojectedcostofeligibleandeffectivemeasuresforwhich Financingisneeded. SeekanyincentivestoreduceProjectCost,thenapproachFinancesourcesforthebalance.

NewYorkCityEnergyEfficiencyCorporation 6

NYCEECsfirstcleanheatfinancingtransaction
$10millionfacilityforlow andmoderateincomemultifamilyhousingin theBronx FinancialInstitutionwith$2millionNYCEECcreditenhancement HessEnergyprovidesnoupfrontcost,turnkeysolution Benefits: Commoditypricecertainty Fixedmonthlypaymentexpectedtobelowerthancurrentfuelbills Compliancewithenergyregulations,andbenchmarkingandauditing requirements

NewYorkCityEnergyEfficiencyCorporation

NYCEECsfinancialproducts
NYCEECprovidescreditenhancementtoparticipatinglendersor debttoESASpecialPurposeEntities(SPEs).

NYCEECoriginatesandfundsloansdirectly tobuildingownersor providescreditenhancementtocommerciallendersfor standaloneretrofitorconversionfinancing.Loanscanbe unsecuredorpartiallyunsecured.

NYCEECcreditenhances amortgagelender.

NewYorkCityEnergyEfficiencyCorporation

Mortgagebasedproducts

Partnertocomplementexistingprograms Inducecommerciallenderstounderwrite againstsavingsprojections ComplywithCitysCleanHeatmandates

Marketrateandaffordablemultifamily

NewYorkCityEnergyEfficiencyCorporation

PotentialBankingOptions
ConstructionLoan FirstMortgage SecondMortgage EquipmentLeasing LenderConsentforOtherNonRecourseFinancing

NewYorkCityEnergyEfficiencyCorporation

10

TypicalDueDiligenceCheckListandCriteria
ThreeYearsAuditedFinancialsandTaxReturns ReservesandRentRollsCashFlowAnalysis Currentbudget,withyeartoyearcomparisons EvidenceofPropertyInsurance Listofpendingorcontractedcapitalimprovementprojects TitlereportwithmunicipalsearchesUCC,taxlien,bankruptcy Scopeofworkforthefuelconversion Detailsofanyspecialassessments,includingtermandamount
NewYorkCityEnergyEfficiencyCorporation 11

ContactNYCEEC
Forfurtherinformation,pleasecontact:

Posie Constable,Director,CleanHeatFinance pconstable@nyceec.com

Visitourwebsite@www.nyceec.com

NewYorkCityEnergyEfficiencyCorporation

12

Multifamily Performance Program

NYSERDA
RSA: New York City Energy Laws & Regulations

September 12, 2012 Cameron Bard, NYSERDA

What are you and your building doing to avoid energy waste?

Multifamily Performance Program

Robust Incentives Available
ambitious energy saving goals

Site-Specific Analysis
let a study drive decisions

Comprehensive Improvement
whole-building upgrades fuel conversions

Multifamily Performance Program

Stages to Improve Your Building 1. Assess 2. Implement 3. Measure

NY state gov.

Incentives
for project completion

Existing Buildings
Base Incentive (per unit) Firm Gas Non Firm Gas Affordable $1,000.00 $800.00 Market Rate $700.00 $500.00

Multifamily Performance Program

Recommended Measures

Multifamily Performance Program

Benefits 1. reduce operating costs 2. lower energy bills 3. get a return on the investment 4. comply with local laws
LL84, LL87, CleanHeat

Contact & Website

Cameron Bard, NYSERDA
chb@nyserda.org

Program Website
www.nyserda.ny.gov/multifamily

Program Email
multifamilyprograms@nyserda.org

EquipmentSecuredOnly Financing
ByMichaelR.Weisberg MCore CreditCorporation michael@mcorecredit.com 8453698777Ext.1 www.mcorecredit.com

MCore
Incorporatedin1992.Headquarteredin Montebello,NewYork. Financeenergyretrofitequipment,trash compactors,officefurniture,telephonesystems, computerequipment,securityequipment,and more. ClientspaceisgenerallymultifamilyCoops, Condos,rentalbuildings,commercialbuildings andHousingAuthorities.

MCore
Interestinenergyprojectsbeganin1997when MCore CreditwaschosentooperateValley CreditServices,forValleyResources,gasutility, inCumberland,RhodeIsland. Haveprovidedfinancingtohousingauthorities makingenergyimprovementsacrossthecountry. MCore CreditCorporationinitsaffiliationwith HudsonValleyBankhasbecomeoneofthe largestNYSERDASmartLoanProvidersinNew YorkStateandmostactiveandexperienced multifamilyenergysavingsprojectfinancier.

Equipment

WhatCanbefinanced?
EnergySavingsImprovements Boilers,HVAC,ChimneyLiners,Controls WaterSavingsmeasures Solar Cogeneration,Geothermal Lighting Roofreplacement,trashcompactors& more

Whyuseequipmentsecuredonly financing?
Financingtermcanbematchedtosavingsreturn ofenergysavingsmeasureimplemented. Permits100%financingofprojectcost. Conservesreservefundsforcriticalneedsthat cannotbefinancedandprotectsthefinancial strengthofthebuildingforfuturetenantsand buyers. Canpermitcontinuedinvestmentofavailable cash.

Whyuseequipmentsecuredonly financing?
Financingalleviatescashflowburdenthatwouldbe createdbyalumpsumexpenditure&matchesdebt paymentstotheprojectsavings. Retainreservesforemergencies&financialstrength intheeyesofpurchasers&theirmortgagelenders. Buildingcanmakemorefavorableagreementswith commoditysuppliersandequipmentvendorswhen thefinancingisnotwrappedintoanESCOor supplierdeal.YOUkeepthesavings! DoesnotjeopardizeabilitytoapplyforMCIrent increasetoDHCRunderrentregulatedbuildings. DoesnotjeopardizeabilitytoapplyforJ51tax rebate.

 Multifamilyandcommercialfinancingwillrange from2 7years.$50,000.00plus. Largerprojectscanbestructuredwithinterestonly paymentstomatchthebuildoutperiodand materializationofthesavings. Municipalleasesrangefrom3to15years. TypicalHousingAuthoritytransactions: 1yearofinterestonly 1214yearsoffixedquarterlypayments Interestratesaredeterminedbyavarietyoffactors, includingthecostandtypeofthefinancedproperty, thetermoftheagreement,andtheborrowers creditrating.

EquipmentsecuredonlyTransaction Structures

HowtoGetStarted
Whentostartlookingintofinancing WhentocallMCore CreditCorporation Proposal MichaelR.Weisberg michael@mcorecredit.com 8453698777Ext.1 www.mcorecredit.com

Choosing the Right Partner To Meet Your Energy Needs

___________ Converting from Oil to Natural Gas

9/10/2012
Hess Energy 2011 All Rights Reserved Confidential Use Only 1

Hess Can Help

9/10/2012

Confidential
Hess Energy 2011 All Rights Reserved Confidential Use Only 2

The Hess Approach Meeting All of Your Project Needs

Hess Energy Solutions Services Description

Utility Interconnect Coordination Incentive and Rebate Applications Benchmarking Services Engineering Scope of Work Integrated Natural Gas Agreement Energy Reduction Plan

9/10/2012
Hess Energy 2011 All Rights Reserved Confidential Use Only 3

Projected Costs

Year #6 Oil (Todays Price) #6 Oil ($100/barrel) #6 Oil ($120/barrel) Hess Natural Gas Proposal*

Annual $217,345 $227,580 $273,070 $203,720

Monthly $14,355 $18,965 $22,755 $16,975

Product

Average Volume (Gallons) 71,600

BTU Conversion Rate 6.684

Con Ed Natural Gas Line Loss 1.33%

Annual Natural Gas Requirements (Dekatherms) 10,975

No. 6 Fuel Oil

*Includes estimated Utility transportation charges of $2,800 per month that will be billed directly by Con Edison, project cost of $258,000, project management services, and Hess Integrated Energy Agreement. 9/10/2012 Confidential
Hess Energy 2011 All Rights Reserved Confidential Use Only 4

Energy Audits & Retrocommissioning

Phil Vos, Brightpower, Inc.

ABOUT NYCS LOCAL LAW 87: THE ENERGY AUDITING AND RETRO-COMMISSIONING REQUIREMENT BRIGHT POWER, INC. ENERGY EFFICIENCY AND RENEWABLE ENERGY 11 HANOVER SQUARE, NEW YORK, NY

A LITTLE ABOUT BRIGHT POWER

500+ energy audits since 2004 Audits generally identify 15% to 30% savings Audits are performed by Bright Power staff Staff includes Association of Energy Engineeraccredited Certified Energy Managers (CEMs) and Certified Energy Auditors (CEAs), and Building Performance Institute-certified Multifamily Building Analysts (MFBAs)

LOCAL LAW 87 REFRESHER

Requires that all NYC buildings over 50,000 s.f.: Step 1: Perform ASHRAE Level II Energy Audit and generate report Step 2: Carry out Retro-commissioning (RCx) and generate report Step 3: Submit both reports to NYC DOB
-Reporting year determined by tax block number -2013 only early-reporting year

WHAT IS AN ENERGY AUDIT?

Physical survey of all energy- related systems in a building: Building Envelope Heating & Cooling/DHW Ventilation Lighting Electrical Appliances/plugloads
4

WHAT IS AN ENERGY AUDIT? , cont. The best way to get a complete picture of all a buildings energy issues, large and small, and a roadmap for addressing them so as to reduce energy use and spending.

SAMPLE TABLE OF AUDIT RECOMMENDATIONS

ADDITIONAL SAMPLE AUDIT RECOMMENDATIONS

Potential Recommendation Location

Envelope Air seal all exterior wall penetrations to reduce air infiltration Caulk the perimeter of the air conditioner sleeves Air seal and weatherstrip exterior entry doors Install heat/smoke activated dampers atop elevator and stairwell bulkheads Install double-paned windows with low emissivity coating and thermal break Heating and Cooling Install a new heating control system equipped with indoor temperature sensors Reduce steam pressure during the heating months and use a localized strategy to address heating complaints Insulate all exposed steam and domestic hot water pipes Install more efficient variable speed vacuum pumps and connect to boiler control Install thermostatic radiator valves (TRVs) in overheated apartments Replace all steam traps with properly sized orifice plates Eliminate heating in common areas ALTERNATE: Install a gas-fired central boiler plant to provide heat and hot water ALTERNATE: Install a gas-fired boiler plant for each tower to provide heat and hot water Apartments; Basement Apartments Basement, 1st Floor; Roof; Bulkheads Elevator Machine Rm Apartments

Steam Room Steam Room Steam Room, Basement Steam Room Apartments Apartments Corridors; Lobby; Basement Areas Parking Lot Parking Lot

Domestic Water Replace domestic water fill pump motors with high efficiency motors Store domestic hot water at a minimum of 140 F Install an electronic mixing valve to temper domestic hot water to 120 F Install a demand-based domestic hot water recirculation pump controller Replace older showerheads and aerators with low-flow showerheads and aerators Install a dump radiator to reduce the temperature of the condensate drain water

Pump Room Steam Room Steam Room Boiler Room Apartments Exterior

WHAT IS RETRO-COMMISSIONING (RCx)?

Not retrofitting. A program of enhanced maintenance: cleaning and repair, calibration and tuning of existing equipment. Optimizing existing base building systems through correction of deficiencies. Ensuring proper functionality of existing equipment and optimizing how systems operate together.

THE RETRO-COMMISSIONING REPORT

Documents that RCx measures have been implemented. Must accompany the audit report in the required energy efficiency report.

PENALTIES FOR FAILURE TO FILE AN ENERGY EFFICIENCY REPORT $3,000 for first year building does not report $5,000 per year thereafter EER not accepted until fines have been paid

LEGAL OBLIGATIONS ASIDE An energy audit tells you how your building is performing in terms of energy usage, showing you where the weaknesses are, and enabling you to take action to reduce energy use and spending.

PAYING FOR THE AUDIT AND EEMs: NYSERDA MPP, V. 5

Stage 1 Stage 2 Stage 3 (on approval of project's (on inspection of at least (on inspection of 100% of Energy Reduction Plan) 50% of installed upgrades) installed upgrades) Firm gas Non-firm gas Firm gas Non-firm gas Firm gas Non-firm gas AFFORDABLE 5-49 units $100 $80 $400 $320 $500 $400 50 units and up N/A N/A $500 $400 $500 $400 MARKET RATE 5-49 units $70 $50 $280 $200 $350 $250 50 units and up N/A N/A $350 $250 $350 $250

For 5-49 units, separate incentives for auditing and implementation For 50+ units, incentive for implementation only

UTILITY INCENTIVES
CON ED Commercial & Industrial Energy Efficiency Program (CIEEP): Good for residential 75+ units Gas and electric customers: up to 50% of cost of audit Electric only customers: up to 50% of the cost of electric side

UTILITY INCENTIVES, cont.

National Grid engineering studies: Up to 50% of cost of study (gas side) Con Ed and Natl Grid programs can be combined, as long as they arent paying for same measures NEITHER CAN BE COMBINED WITH NYSERDA INCENTIVES

Thank you for your time and attention! Are there any questions?
Phil Vos pvos@brightpower.com 212-803-5868 x2013

New York City Local Law 84 Benchmarking Report

Speaker Biographies

Cameron Bard Project Manager NYSERDA

Cameron Bard is a NYSERDA Project Manager based out of the New York City office where he works to promote and facilitate a suite of Multifamily Programs. His primary responsibilities include supporting the development and implementation of green building and energy efficiency measures for multifamily residential buildings.

Bethany Bowyer Program Manager Mayors Office for the New York City Clean Heat
Bethany Bowyer is a Program Manager in the Mayors Office for the New York City Clean Heat program. Previously, Ms. Bowyer worked as a Policy Analyst in the Executive Office and Bureau of Customer Services with the New York City Department of Environmental Protection. After graduating from Miami University with a degree in Public Administration and Urban Planning, Ms. Bowyer worked as an Urban Fellow for Deputy Mayor for Economic Development, Robert K. Steel. As Program Manager for NYC Clean Heat, Ms. Bowyer has worked to transform regulations phasing out the use of heavy heating oil into a program that seeks to improve air quality and save lives by accelerating the elimination heavy oil use and encouraging adoption of the cleanest fuels.

Kenneth Camilleri Operations Manager ICF International

Kenneth Camilleri is the Operations Manager working for ICF International in the implementation of the Clean Heat Program for New York City. Ken received both his BS in Mechanical Engineering and his MS in Energy Management from the New York Institute of Technology. Ken comes to ICF International with 37 years of utility experience with strengths in Project Management, natural gas distribution systems and Energy Efficiency.

Aaron Choo Manager of Community & Customer Management National Grid

Aaron Choo is the Manager of Community & Customer Management for National Grid, managing NYC Agencies and Key Stakeholders within National Grid territory. Aaron has 10 years of energy related experience, and has also served in the Sales and Project Management & Engineering Departments at National Grid. You can contact Aaron at aaron.choo@us.ngrid.com or 718-270-5742.

James J. Connolly Director of Origination Hess Energy Solutions

James J. Connolly has been employed with Hess Corporation for 7 years and is currently the Director of Origination for Hess Energy Solutions. His current responsibilities include building the Hess Energy Solutions customer base, implementation of business strategies involving assessment of customer interests, competitive position, resource needs, and political/regulatory dynamics. Mr. Connolly has held a variety of roles within Hess Corporation, most recently as the Sales Director for the Northern Region, which includes New England and Upstate New York. In this role, he was responsible for direct sales to Commercial and Industrial customers for electricity, natural gas and fuel oil commodities, as well as the sale of demand response, green energy and carbon neutral products. Mr. Connolly has been active in the deregulated sales of electricity and natural gas since the inception of the markets and has been involved in all aspects of energy marketing related to customer acquisition. Mr. Connolly received his Bachelor of Science in Technical Science from Wentworth Institute of Technology in Boston, Massachusetts.

Posie Constable Director, Clean Heat Finance New York City Energy Efficiency Corporation
Posie heads NYCEECs effort to increase availability of financing products for the conversion of over 7,000 boilers in buildings that burn heavy heating fuel to clean heating sources such as ultra-low sulfur #2 or natural gas in furtherance of the Citys Clean Heat Initiative. In deploying NYCEECs capital as a means of leveraging private sources of funds, Posie will seek projects where energy efficiency investments can be incorporated with boiler conversions where synergies exist. With over 28 years of experience at various firms on Wall Street, Posie has served as trading manager of various asset classes, managed the business development and origination of new products and acted as industry spokesperson in operations, accounting and regulatory matters. More recently, Posie has focused on developing finance vehicles that can advance energy efficiency retrofits in commercial and residential markets. She will be building NYCEECs Clean Heat Financing program over the coming years to help solve an important health and environmental issue for New Yorkers. Posie holds an MBA in Finance from Fordham University and is a graduate of University of Colorado, Boulder (Asian Studies). She received her certificate in Landscape Design from the New York Botanical Gardens.

Robert Daly, P.E. Technical Director, Boiler Division Department of Buildings

Robert Daly has a PE. BS & MS in mechanical engineering from Columbia University School of Engineering & Applied Science. Licensed professional engineer in New York and New Jersey. ASHRAE member, past president of NJ chapter, regional chairman of Student Activities. 34 years working in the private sector that included 28 years at Celanese Research Company. Department of Buildings Technical Director of the Boiler Division since 2004.

Gerry Kelpin Director of Air, Noise Policy, Permitting and Enforcement Department of Environmental Protection
Gerry Kelpin serves as the Director of Air, Noise Policy, Permitting and Enforcement and has worked to improve air quality and reduce the excessive and harmful noise that often emanates from construction sites and other sound sources by helping to get passed the noise Code. Ms. Kelpin played an integral role in the reauthorization of the Clean Air Act requirements and worked tirelessly with the City Council to pass several air bills that require the city fleet to use cleaner burning fuel and devices that reduce the harmful effects of air pollutants. Ms. Kelpin also oversees that the 20,000 plus air and nose code complaints are inspected and works with community leaders and contractors to ensure compliance with the air and noise code as well as to provide general information on the rules and requirements of both codes.

Joseph McGowan Manager Gas Customer Solutions Con Edison

Joseph McGowan joined Con Edison in 2005 as senior real estate representative. He has held positions of increasing responsibility over the past five years in real estate and gas sales, including his recent appointment as Manager of Gas Customer Solutions, in the Gas Customer Conversion Group, with a primary focus on customers interested in oil-to-gas conversions. Prior to joining the Company, Joseph worked for twelve years in the commercial real estate sector, representing both tenants and large building owners in Manhattan. Mr. McGowan holds an MBA in Finance and a Bachelor of Arts in Communications from Fordham University and is a registered gas distribution professional. He is a native New Yorker, where he currently resides with his family.

Phil Vos Bright Power Inc.

Phil Vos works in business development and sales at Bright Power, an energy efficiency firm based in New York City. His primary focus there is on Local Laws 84 and 87, and he likes to take the time to ensure that his clients and prospective clients understand the requirements and ins and outs of the laws. He has also worked with the company's solar team. Before Bright Power, Phil worked for the NY Wa$teMatch industrial materials exchange program at New York's non-profit Industrial & Technical Assistance Corporation (ITAC). He has an MSc from the London School of Economics and a BA from Columbia University.

Michael R. Weisberg M-Core Credit Corporation

Michael R. Weisberg M-Core Credit Corporation through its affiliation with Hudson Valley Bank has become one of the largest NYSERDA Smart Loan Lenders in New York State. MCore Credit Corporation operates the wholly owned subsidiary of Hudson Valley Bank, HVB Leasing Corp. NYSERDA recognized the involvement and knowledge M-Core / Hudson Valley Bank demonstrated was far beyond any other Lender in the program, and thus encouraged M-Core to become the first and only financial firm to serve as a Partner under the Multi- and thus encouraged M-Core to become the first and only financial firm to serve as a Partner under the Multi-family Performance Program. Mr. Weisberg has on several occasions served on panels at NYSERDA as an expert in the energy financing side of the equation. In 2006 and 2007 Michael R. Weisberg served on a NYSERDA Technical Evaluation Panel (TEP) Served on NYSERDA TEP to solicit new provider for consulting and support services for the New York Energy Smart Loan Fund. Reviewed the RFP and evaluated responses to select a provider.

Joseph Strasburg, Esq. President Rent Stabilization Association

Joseph Strasburg has served as the President of the Rent Stabilization Association since 1994. Prior to this appointment, Mr. Strasburg acted as Chief of Staff and Legislative Counsel to Councilman Peter Vallone, Speaker of the New York City Council. Serving in the City Council for more than fifteen years, Mr. Strasburg was Counsel to the City Council's Housing and Buildings Committee, and Assistant Counsel to Council leader Tom Cuite, Speaker Vallone's predecessor. Mr. Strasburg played a key role in the negotiations regarding the restructuring of the Council after the abolition of the Board of Estimate, and was the Council's liaison on redistricting. Mr. Strasburg was Chairman of the State of New York Mortgage Agency (SONYMA) from 1997 through 2006.

Mitchell L. Posilkin, Esq. General Counsel Rent Stabilization Association

Mitchell Posilkin is the General Counsel of the Rent Stabilization Association, a trade association that represents approximately 25,000 owners and managers of over one million apartments in the City. In that capacity, Mr. Posilkin addresses a myriad of issues that affect property owners which arise in the courts, in government agencies and in the State Legislature and City Council. Prior to the commencement of his tenure at RSA in January 1996, Mr. Posilkin served as Deputy General Counsel of the Department of Housing Preservation and Development for eleven years, including two and one-half years as the Acting Director of the Department's Housing Litigation Bureau. Mr. Posilkin has served on the Housing Court Advisory Council as the Citys representative and as a representative of property owners, and has also served on the Housing Court Committee of the Association of the Bar of the City of New York. Mr. Posilkin has presented at many seminars held by RSA, the New York State Office of Court Administration, the New York City Bar Association, the New York State Bar Association and the Kings County Housing Court Bar Association, including programs pertaining to the significant changes in the States rent regulatory laws and regulations, the Citys lead paint laws, Section 8, bedbugs and numerous other issues and court decisions of concern to property owners.

Anthony R. Nole Director of Conversion Projects Hess Corporation Anthony Nole is currently Director of Conversion Projects within Hess Energy Solutions and based in Woodbridge, NJ and has been in this position since mid2011. Mr. Nole has 15 years of experience within the energy industry in multiple different roles with both Hess Corporation and ExxonMobil. He began his career in 1997 with Exxon Research and Engineering, where he built supply optimization models for Exxon's refineries in Canada, Europe, and Asia. In 2001, ExxonMobil assigned Anthony to Imperial Oil's headquarters in Toronto as a supply optimization expert, and then to the Nanticoke refinery in Ontario, Canada, coordinating and scheduling all supply and unit operations as part of the Economics and Planning department. Anthony returned to ExxonMobil Research and Engineering in 2003 as a senior engineer in their heavy oil processing area, performing research and development studies and supporting heavy oil processing units across the company's refining portfolio. Mr. Nole joined Hess in 2005 as a Senior Refining Analyst, performing supply optimization studies and working on special projects for the Hovensa refinery supply group based in New York City. Beginning in 2007, he joined the Hess Electricity Operations group and managed a major electricity generation tolling deal in New York City in which Hess was responsible for all fuel supply to the generator and the bidding and sale of electricity to the grid. He became the Regional Director for New Jersey Retail Stations in 2009 with general management responsibility for all retail locations throughout the state, and held that role until 2011 when he took his current position. Anthony's current responsibilities involve managing Energy Solutions' fuel conversions, which provides a full turnkey solution to convert customers from their existing fuel to natural gas, including performing the conversion, managing the project, offering project funding, and providing a long term supply of natural gas. Mr. Nole has a bachelor's and master's degree in Chemical Engineering from the Massachusetts Institute of Technology in Cambridge, Massachusetts.

Robin A. Bernstein, Esq. Deputy General Counsel Rent Stabilization Association

Robin A. Bernstein is the Deputy General Counsel to the Rent Stabilization Association. Prior to her current position Ms. Bernstein served as in-house General Counsel to a major New York City property owner, and was in private practice in the areas of landlord/tenant and real estate litigation and transactions. Ms. Bernstein has coordinated and co-authored materials for numerous RSA seminars including: Understanding the New Rent Stabilization Code, Managing Rent Regulated Property in New York City, Navigating the Section 8 Maze, and Bed Bugs: a Property Owners Liability Nightmare. Ms. Bernstein is a member of the New York City Bar Association, The New York State Bar Association, the New York County Lawyers Association and the Association of Corporate Counsel. She has served on the Housing Court, Housing Court Public Projects, and the Judiciary Committees of the New York Bar Association. Prior to the implementation of the Housing Court Resource Centers, Ms. Bernstein supervised RSA staff located in the court houses who assisted unrepresented small property owners. The written owners materials now distributed in the Resource Centers were modeled on documents drafted by RSA.