Mineola, NY– Nassau County Executive Edward P. Mangano today announced that taxpayers have saved approximately $7.5 million in natural gasoline costs due to an agreement signed last year with energy service company (ESCO) Hess Corporation. This move is just one of many actions that County Executive Mangano has taken to reduce government expenses through bulk purchasing efforts.
“This stagnant economy requires government to think differently, break the mold of typical government spending and find new ways to protect taxpayers’ wallets,” said County Executive Mangano. “My administration is constantly seeking new ways to save tax dollars and this agreement does just that. Nassau County has saved $7.5 million due to this agreement. By taking advantage of the competitive market, this November the County will paying the lowest cost for natural gas in over a decade.”
The agreement, entered into in August 2010, ended a long-standing service agreement with National Grid. This is the first time the County has not receive its natural gas service from any company other than National Grid.