By Maggie Gordon

GUILDERLAND — The New York Independent System Operator is planning on relocating 300 of its 400 employees, now in Albany, to East Greenbush.

NYISO purchased the former Phoenix Life Insurance building in East Greenbush on July 8, for more than $14 million.

NYISO is a not-for-profit organization that operates the state’s power grid and administers the wholesale energy markets, according to spokesperson Ken Klapp.

There will be no jobs leaving the company’s Guilderland headquarters, which is located on Carman Road, Klapp said. Instead, the employees from the system’s two Albany buildings will be moving over.
"Currently we operate out of four buildings, three of which are leased," Klapp said. "We’re trying to consolidate...This way people don’t have to move from building to building for meetings."

Right now, the company is leasing three of the four floors in the new building to the Phoenix Life Insurance Co., which will stay there until NYISO’s new home is finished in 2006. The remaining floor is undergoing preparations for NYISO to come in.

Klapp said the move is expected to begin at the end of this year, and be completed in 2006.