The MIT Cogeneration Project represents a ten year, forty million dollar initiative by the Massachusetts Institute of Technology to generate its own electrical and thermal power. The new plant is projected to save the Institute millions of dollars over the life of the plant through the technology of cogeneration. Through cogeneration, we generate our electrical and thermal power simultaneously by utilizing the waste heat from a gas turbine to generate steam. This technology is approximately 18% more efficient than the technology that it replaces. MIT also feels strongly that environmental preservation is more important than ever. We have utilized that latest technology avaiable for reducing our emissions into the air of Cambridge. The new technology used in our plant will reduce emissions by 45% compared to our old technology. This reduction is the equivalent of eliminating 13,000 automobile round trips into Cambridge per day. MIT is also committed to making this new facility a resource for the entire MIT community. We are currently working on integrating our plant with academic departments in order that both the cogeneration facility and the academic community can benefit.