![]() ![]() “This region is so fortunate to have a transportation system like we have and we cannot let it fall down,” Andrew Albert, an MTA board member, said during the meeting. The transit agency would also begin receiving in 2026 as much as $700 million a year in gaming revenue from three potential downstate casino developments. That additional revenue along with the fare and toll increases and $400 million of annual operating efficiencies will help resolve budget gaps that were expected to grow to $3 billion by 2025. State lawmakers last month agreed to increase the payroll tax on the city’s largest businesses to raise $1.1 billion annually for the MTA and to direct a one-time $300 million in aid to the agency. Drivers and riders may start paying the higher tolls and fares in late August, Jai Patel, the MTA’s deputy chief financial officer, said during the meeting. ![]() The MTA anticipates holding public hearings in June on the fare hikes, with the agency’s board potentially voting on the increases in July. Systemwide ridership may only reach 80% of pre-pandemic usage by the end of 2026, the MTA estimates. Weekday subway ridership is about 70% of what it was in 2019. It needs the extra cash as ridership has yet to match pre-pandemic levels. © 2023 NYP Holdings, Inc.MTA expects the new charges to bring in $305 million of additional revenue each year. The charges are based on the peak amount of electricity used - no matter how long that peak was achieved. MTAĪ spokesman for the transportation authority declined further comment.Įlectric vehicle industry advocates have argued that demand charges pose a substantial deterrent to widespread adoption. “The incentives the proposed solution offers are wholly inadequate in reducing these existing cost barrier that constrain the MTA’s ability to convert its fleet, and do not even partially meet the MTA’s needs.” The MTA plans to spend $1.1 billion on 500 new electric buses. “This adjustment would do very little to defray the sharp escalation in operating costs it would face running an electric bus fleet in New York City,” officials wrote. To achieve those discounts, the MTA would be forced to pay a hefty price to develop “sophisticated energy management capability,” it said. New York’s proposal, in contrast, would only provide a discount 12% of the time and at significantly lower rates, transit officials said. California, for instance, gave commercial EV chargers a 100% discount on demand charges for five years, the MTA wrote. Other states give massive short-term rate discounts to EV chargers to help build demand. Agency: NYCT Application period: - Learn more about this job and how to apply. ![]() “Such a major cost escalation will undoubtedly harm the MTA’s ability to provide services… possibly resulting in cutbacks, increased customer fares, and deferrals of other customer service-oriented initiatives,” the comment said. Bus Maintainer Chassis (Auto Mechanic) Exam Number: 3104 Agency: MaBSTOA Application period: - See the Notice of Examination. Getty Images for Concordia Summiīut the leading “solution” on the table “would result in far higher cost to operate an electrified fleet when compared to the MTA’s current predominantly diesel and gas vehicles,” the authority warned. Kathy Hochul has touted the electric bus rollout as a tool in the fight against climate change. 31 to come to a decision on how big of a discount to give. State law signed by Hochul last year required the PSC to reduce the impact of peak “demand charges” on large-scale electric vehicle (EV) charging operators like the MTA. comments submitted to the state Public Service Commission (PSC). But powering just the existing 15 electric buses currently costs two to three times diesel or natural gas, officials wrote in Dec. Kathy Hochul and her appointed MTA leadership have touted ambitious plans to convert the entire fleet of 5,800 to electric power, beginning with the new purchase. The MTA’s $1.1 billion plans to buy 500 new electric buses could be derailed unless New York state’s utility regulator cuts the authority slack on its electric bill, transit officials warned. Impeachment inquiry, yes, EVs’ road-trip problem and other commentary Elon Musk’s Tesla is big winner in UAW strike, analysts say: ‘Put champagne on ice’Įnergy chief Jennifer Granholm admits ‘poor judgment’ with EV fiascoĬops called after staffer uses gas-powered car to hold EV charging spot for Biden energy secretary
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