New York Steam Company built New York's 1st Steam Plant to provide district steam heat for 1700 buildings in lower Manhattan.
The New York Steam Company began providing service in lower Manhattan on March 3, 1882. By 1932, the company supplied steam to over 2,500 buildings from six steam plants, including its massive Kips Bay Station on the East River near Midtown Manhattan. It also had an agreement to obtain steam from the New York Edison Company's Waterside and Fourteenth Street electric power plants during periods of peak demand for steam, such as in the morning on days with cold temperatures.
The New York Steam Company merged with Consolidated Edison on March 8, 1954.
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