FEBRUARY 15, 2008
To: The Shareholders of Georgetown Mews
Now that we are about to begin billing individually, under submetering, for the electricity that you use in your apartment, it becomes even more important to understand what you can do to minimize the cost of electricity for yourself. As we begin to bill for how much electricity you are using, we are also participating in a program sponsored by the New York State Energy Research and Development Authority (NYSERDA) which also considers the time of day that you consume electricity, called time-of-use (TOU)billing. By participating in this program, Georgetown Mews will be helping to reduce the demand on our utility grid system and minimize the likelihood of blackouts. Additionally, individual residents will be able to save money by using less electricity overall, as well as realize additional savings by shifting some of their usage to off-peak hours when electricity prices are lower. The submeters which we have installed in your apartments contain three LEDs (lights) which will help you use your electricity in the most cost efficient manner.
We are providing a pamphlet (link below) to offer valuable tips on conserving electricity and use shifting measures that all residents can accomplish at very little or no cost, as well as explain the LEDs feature of your apartment submeter. Additional measures that require greater investments on the part of residents are also identified that, in turn, should yield even greater savings to residents. For example, to assist our residents, the Board of Directors and management are working with NYSERDA in developing a program which will provide energy efficient air conditioners at substantial discounted costs to Georgetown Mews Shareholders which will further enable you to reduce your individual electric use, as well as electric costs.
We are planning a workshop for all our shareholders which will enable us to provide additional information and answer questions which will assist all our residents in reducing their energy costs. The workshop has been scheduled for Tuesday evening, April 1st, 2008, between 7:00 and 9:00 PM and will be held at PS 219 located at 144-39 Gravett Road, Flushing, New York 11367. We look forward to your participation.
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