In September, Vornado rolled out its Energy Information Portal, a new way for every submetered tenant in our portfolio to receive and understand their energy profile and carbon footprint. If you are a submetered tenant, you can log on to http://www.vnooffice.com/EIP.php with your tenant ID and password and see your near-real time energy usage and profile. The portal offers a detailed and flexible look at your energy usage information that will accompany each electricity bill. For the first time, you can review their consumption profile on an hourly basis and see how their energy is being consumed. Tenants who have multiple meters in their spaces can review the energy use at each metered area.

By better understanding how and when your company and employees are using energy, you will be able to implement energy efficiency projects such as reducing your lighting load or computer/printer usage, and decrease your costs. This powerful tool will give tenants the ability to identify and quantify wasteful energy practices and implement energy efficiency projects. The site will also offer a benchmarking tool showing tenant energy intensity and usage against other users in the building. Efficiency programs and efforts undertaken by tenants will result in lower energy bills, a lower carbon footprint for the building and lower greenhouse gas emissions.

The Limited Brands, a tenant at 1740 Broadway, has already started to use the EIP to implement changes within their space, and has seen a 15% decrease in their energy usage, representing an annual savings of $150,000 in their electricity costs.

To learn more about the Energy Information Portal, or to set up a demonstration session please encourage your relevant Facilities, Energy, Billing and/or Administrative Director to contact your Building Manager directly.

See our article in the New York Times.

CHECK OUT OUR NEW SUSTAINABILITY WEBSITE

Vornado's New York Office recently launched its Sustainability website to help our tenants and investors better understand our sustainability initiatives and efforts. Take a look at: http://www.vnooffice.com/sustainability.php

ONE PENN COGENERATION PROJECT TO BE OPERATIONAL Q1 2010

The development of New York City's largest Cogeneration project, a 6.2 megawatt plant at One Penn Plaza is underway, and is expected to begin operation in Q1 2010. While tenants at the building will experience no change in their electricity usage, the advantages of an on-site electricity generation plant includes improving grid reliability, reducing the building's carbon footprint, increasing the building's Energy Star rating and providing backup power for the building in the event of grid failure.