2004

FOR RELEASE: Immediately (April 15, 2004)
CONTACT: Peter Sigurdson (NYSERDA) 842-1522 ext. 3006
Mike Power (Siemens) (585) 292-0970

Moog to Save 13 Percent in Annual Energy Costs Through Partnership with Siemens, NYSERDA
NYSERDA provides $692,003 in Financial Incentives

Elma, NY -- Global aircraft and aerospace control manufacturer Moog will save approximately 13 percent in annual energy costs through energy-efficiency measures implemented through a partnership with the New York State Energy Research and Development Authority (NYSERDA) and Siemens Building Technologies, Inc. of Amherst.

"Our project with Moog and Siemens represents another 'win-win' partnership. By taking advantage of incentives offered by NYSERDA, Moog was able to identify areas in its physical plant and operations where energy efficiencies and savings could be realized," said NYSERDA President Peter R. Smith.

"Energy saving improvements made at Moog are helping the company to maintain competitive prices and to retain jobs in Western New York," said Timothy P. Balkin, Moog Treasurer. "Siemen's design and installation of these energy saving solutions were enabled by NYSERDA's incentive and they are helping us to remain a desired supplier in a very competitive industry."

"Siemens is proud to help Moog bring about these savings. We believe projects such as these benefit not only the customer, but the entire community by keeping Moog competitive within its industry and retaining good paying jobs for area residents," said Patrick W. McParlane, General Manager, Siemens, New York.

Smith said that NYSERDA provided Siemens $692,003 in financial incentives through the Commercial/Industrial Performance Program (CIPP) to help reduce the end-cost of the energy-efficiency upgrades. Under the program, financial incentives provided by NYSERDA go directly to energy service companies, such as Siemens, to help lower the overall project cost and to help promote the development of the energy service company sector of the State's economy.

Siemens undertook a building analysis and produced an energy conservation audit that encompassed 10 buildings at the Moog complex. Although each building had different upgrades implemented, in general, the energy-efficiency measures recommended and installed by Siemens included: high-efficiency lighting, enhancements to air-handling equipment for heating and air conditioning, and the installation of variable speed drive motors.

Moog will realize an annual reduction of 6,220,251 kWh due to the energy-efficiency upgrades.

Funding for the Commercial/Industrial Performance Program is provided through NYSERDA's New York Energy $mart^SM program, which lowers electricity costs by encouraging energy efficiency as the State's electric utilities move to competition. The programs are available to all electric distribution customers (residential, commercial, institutional and industrial) of Central Hudson, Con Edison, NYSEG, Niagara Mohawk, Orange and Rockland, and Rochester Gas and Electric.

All New York Energy $mart^SM programs are funded by a System Benefits Charge (SBC) paid by electric distribution customers of participating utilities. NYSERDA, a public benefit corporation established by law in 1975, administers SBC funds and programs under an agreement with the Public Service Commission.

Since 1998, NYSERDA has provided more than $26 million to support more than 500 projects in Erie and Niagara Counties. Combined with co-funding from NYSERDA's partners, the value of these projects is more than $65 million. Among some of the other customers NYSERDA is working with in Erie and Niagara Counties, are: State University of New York at Buffalo, Veridian Engineering, Inc., Quebecor, Kreher's Poultry Farm, HSBC Bank USA and Niagara Frontier Transportation Authority.

Additional information about these programs can be obtained at www.nyserda.org or www.getenergysmart.org, or toll-free at (877) NY-SMART.

-- ## --