ECONOMIC DEVELOPMENT POWER

ALLOCATION BOARD

 

MINUTES

 

October 24, 2008

Video Conference – 9:30 a.m.

 

                                New York Power Authority Offices:

                                                123 Main Street, 16th Floor, White Plains, NY

                                                30 South Pearl Street, 10th Floor, Albany, NY

                                                Niagara Power Project, 5777 Lewiston Road, Lewiston, NY

                                                St. Lawrence Power Project, 830 Barnhart Island, Massena, NY

 

1.             Approval of the Minutes of the Meeting of September 16, 2008

 

2.             Power for Jobs Extended Benefits Recommendations for Electricity Savings Reimbursements

 

A.                  COMPANIES IN JOB COMPLIANCE 

 

Con Edison - Service Territory

 

AT&T

White Plains - Westchester County

 

Belmont Metals, Inc.

Brooklyn - Kings County

 

Display Producers, Inc.

Bronx - Bronx County

 

IBM

Armonk - Westchester County

 

Kingsbrook Jewish Medical Center

Brooklyn - Kings County

 

Lincoln Center for the Performing Arts

New York - New York County

 

Norampac New York City, Inc.

Maspeth - Queens County

 

Streamline Plastics Co., Inc.

Bronx - Bronx County

 

TanaSeybert, LLC

New York - New York County

 

Verizon

New York - New York County

 

 

Long Island Power Authority - Service Territory

 

American Technical Ceramics

Huntington Station - Suffolk County

 

Ametek Hughes-Treitler

Garden City – Nassau County

 

Commercial Envelope Manufacturing Corp.

Deer Park - Suffolk County

 

Good Samaritan Hospital

West Islip - Suffolk County

John Hassall, Inc.

Westbury - Nassau County

 

Madelaine Chocolates

Rockaway Beach - Queens County

 

Standard Microsystems Corp.

Hauppauge - Suffolk County

 

 

 

 

 

 

National Grid - Service Territory

 

Albany Molecular Research, Inc.

Albany - Albany County

 

Applied Energy Solutions

Caledonia - Livingston County

 

BorgWarner Morse TEC Corp.

Cortland - Cortland County

 

Carville National Leather Corp.

Johnstown - Fulton County

 

Cooper Hand Tools

Cortland - Cortland County

 

Corning, Inc.

Canton - St. Lawrence County

 

Dielectric Laboratories, Inc.

Cazenovia - Madison County

 

Fitzpatrick & Weller, Inc.

Ellicottville - Cattaraugus County

 

Natrium Products, Inc.

 Cortland - Cortland County

OAB Holdings, Inc.

Buffalo - Erie County

 

Queensboro Farm Products, Inc.

Canastota - Madison County

 

Snyder Industries, Inc.

N. Tonawanda - Niagara County

 

Sorrento Lactalis, Inc.

Buffalo - Erie County

 

Syracuse China Company

Syracuse - Onondaga County

 

Syracuse Label Co., Inc.

Liverpool - Onondaga County

 

Turbine Engine Components Technologies

Whitesboro - Oneida County

 

Welch Allyn Data Collection Inc.

Skaneateles Falls - Onondaga County

 

New York State Electric & Gas – Service Territory

 

A. T. Reynolds & Sons, Inc.

Kiamesha Lake - Sullivan County

 

Audio Sears

Stamford - Delaware County

 

Barry Steel Fabrication, Inc.

Lockport - Niagara County

 

Bison Foods - Div. of Upstate Farms

Buffalo - Erie County

 

BorgWarner Morse TEC

Ithaca - Tompkins County

 

Corning, Inc. (Erwin Plant)

Corning - Steuben County

 

Corning, Inc. (Costar Plant)

Oneonta - Otsego County

Corning, Inc. (Northside)

Corning - Steuben County

 

Corning, Inc. (Southside)

Corning - Steuben County

 

Endicott Interconnect Technologies

Endicott - Broome County

 

Milward Alloys

Lockport - Niagara County

 

Upstate Niagara Cooperative

Buffalo - Erie County

 

Vail Ballou Press, Inc.

Binghamton - Broome County

 

 

 

 

 

 

 

Rochester Gas & Electric – Service Territory

 

Flower City Printing, Inc.                       

Rochester - Monroe County                                                

Jada Precision Plastics Co.

Rochester - Monroe County

Seneca Foods Corporation

Marion - Wayne County

 

 

                B.            COMPANIES NOT IN JOB COMPLIANCE

 

National Grid - Service Territory

 

Precision Systems Mfg., Inc.

Liverpool - Onondaga County

 

 

3.             Transfers of Industrial Power

 

Boston Scientific Corp.

Glens Falls – Warren County

 

Canajo Manufacturing Company

Canajoharie – Montgomery County

 

Central Suffolk Hospital

Riverhead – Suffolk County

 

Charmer Industries, Inc.

Astoria – Queens County

 

Delphi Automotive Systems, LLC

Amherst – Niagara County

 

EDO Corp.

Amityville – Suffolk County

 

F.P. Pla Tool and Mfg. Co, Inc.

Buffalo – Erie County

 

Fordham University – Marymount College

Tarrytown – Westchester County

 

General Electric Plastics

Selkirk – Albany County

 

Glens Falls Lehigh Cement Company

Glens Falls – Warren County

 

Greatbatch, Inc.

Clarence – Erie County

 

Lancaster Steel Service Company, Inc

Lancaster – Erie County

 

Merritt Plywood Machinery, Inc.

Lockport – Niagara County

 

The New Museum of Contemporary Art

New York – New York County

 

Organichem, Inc.

Rensselaer – Rensselaer County

 

       

 

4.             Other Business

 

5.             Next Meeting


 

  A regular meeting of the Economic Development Power Allocation Board was held via video conference at the following participating locations:

 

1)       New York Power Authority, 30 South Pearl Street, Albany NY

2)       New York Power Authority, 123 Main Street, White Plains, NY

3)       Niagara Power Project, 5777 Lewiston Road, Lewiston, NY

4)       St. Lawrence/FDR Power Plant, 830 Barnhart Island, Massena, NY

 

The following Members of the Board were present at the following locations:

Kenneth Schoetz, Chairman (Albany, NY)

James A. Duncan, Member (Niagara, NY)

Bernard P. McGarry, Member (Albany, NY)

Eugene L. Nicandri, Member, (Massena, NY)

 

 

Also in attendance were:

 

Anne B. Cahill                      Corporate Secretary, NYPA                               

Joseph C. Carline                 Assistant General Counsel, NYPA

James H. Yates                     Senior Vice President, - Marketing & Economic Development, NYPA

Thomas Warmath                Vice President & Chief Risk Officer, NYPA

James F. Pasquale                Director – Marketing Analysis and Administration

Angela Graves                      Deputy Corporate Secretary, NYPA

Michael Saltzman Director – Media Relations, NYPA

Anthony C. Savino              Manager – Business Power Allocations and Compliance, NYPA

Lorna Johnson                     Assistant Corporate Secretary, NYPA

Kristen Mucitelli-Heath      Special Advisor to Commissioner, ESDC

                                               

 

 

 

 

 

 

1.             Adoption of Minutes

The minutes of the meeting of September 16, 2008 were unanimously adopted.


 

2.             Power for Jobs Extended Benefits

 

 

SUMMARY

 

The Members of the Economic Development Power Allocation Board (“EDPAB”) are requested to approve extended benefits for 51 Power for Jobs (“PFJ”) customers as listed in Exhibits “A” and “B.” 

 

BACKGROUND

 

                In July 1997, the New York State Legislature approved a program to provide low-cost power to businesses and not-for-profit corporations that agree to retain or create jobs in New York State.  In return for commitments to create or retain jobs, successful applicants receive three-year contracts for PFJ electricity.

 

The PFJ program originally made 400 megawatts (“MW”) of power available and was to be phased in over three years.  As a result of the initial success of the program, the Legislature amended the PFJ statute to accelerate the distribution of the power and increase the size of the program to 450 MW.  In May 2000, legislation was enacted that authorized additional power to be allocated under the program.  Legislation further amended the program in July 2002.

 

                Chapter 59 of the Laws of 2004 extended the benefits for PFJ customers whose contracts expired before the end of the program in 2005.  Such customers had to choose to receive an “electricity savings reimbursement” rebate and/or a power contract extension.  The Authority was also authorized to voluntarily fund the rebates, if deemed feasible and advisable by the Trustees.

 

PFJ customers whose contracts expired on or prior to November 30, 2004 were eligible for a rebate to the extent funded by the Authority from the date their contract expired through December 31, 2005.  Customers whose contracts expired after November 30, 2004 were eligible for rebate or contract extension, assuming funding by the Authority, from the date their contracts expired through December 31, 2005.

 

Approved contract extensions entitled customers to receive the power from the Authority pursuant to a sale-for-resale agreement with the customer’s local utility.  Separate allocation contracts between customers and the Authority contained job commitments enforceable by the Authority.

 

In 2005, provisions of the approved State budget extended the period PFJ customers could receive benefits until December 31, 2006.  Chapter 645 of the Laws of 2006 included provisions extending program benefits until June 30, 2007.  Chapter 89 of the Laws of 2007 included provisions extending program benefits until June 30, 2008. Chapter 59 of the Laws of 2008 included provisions extending the program benefits until June 30, 2009.

 

At its meeting of October 18, 2005, EDPAB approved criteria under which applicants whose extended benefits EDPAB had reduced for non-compliance with their job commitments could apply to have their PFJ benefits reinstated in whole or in part.  EDPAB authorized staff to create a short-form application, notify customers of the process, send customers the application and evaluate reconsideration requests based on the approved criteria. 

 

DISCUSSION

 

EDPAB is requested to recommend that the Power Authority’s Trustees approve electricity savings reimbursement rebates to 51 PFJ customers, 50 of which are meeting their current job commitments, as listed in Exhibit “A.”  One customer reported actual job numbers below its contractual commitment; staff recommends that this customer have its allocation reduced proportionately, as listed in Exhibit “B.”  Collectively, these organizations have agreed to retain more than 32,000 jobs in New York State in exchange for the rebates. The rebate program will be in effect until June 30, 2009, the program’s sunset.

 

 

 

 

 

RECOMMENDATION

 

It is requested that the Economic Development Power Allocation Board recommend that the Power Authority’s Trustees approve the payment of electricity savings reimbursements to the 51 businesses listed in Exhibits “A” and “B.”

 

The following resolution was unanimously adopted by members of the Board present.

 

                WHEREAS, the following entities have applied for extended benefits recommendations for electricity savings reimbursements under the Power for Jobs program:

 

A.            COMPANIES IN JOB COMPLIANCE 

 

Con Edison - Service Territory

 

AT&T

White Plains - Westchester County

 

Belmont Metals, Inc.

Brooklyn - Kings County

 

Display Producers, Inc.

Bronx - Bronx County

 

IBM

Armonk - Westchester County

 

Kingsbrook Jewish Medical Center

Brooklyn - Kings County

 

Lincoln Center for the Performing Arts

New York - New York County

 

Norampac New York City, Inc.

Maspeth - Queens County

 

Streamline Plastics Co., Inc.

Bronx - Bronx County

 

TanaSeybert, LLC

New York - New York County

 

Verizon

New York - New York County

 

 

Long Island Power Authority - Service Territory

 

American Technical Ceramics

Huntington Station - Suffolk County

 

Ametek Hughes-Treitler

Garden City – Nassau County

 

Commercial Envelope Manufacturing Corp.

Deer Park - Suffolk County

 

Good Samaritan Hospital

West Islip - Suffolk County

John Hassall, Inc.

Westbury - Nassau County

 

Madelaine Chocolates

Rockaway Beach - Queens County

 

Standard Microsystems Corp.

Hauppauge - Suffolk County

 

 

National Grid - Service Territory

 

Albany Molecular Research, Inc.

Albany - Albany County

 

Applied Energy Solutions

Caledonia - Livingston County

 

BorgWarner Morse TEC Corp.

Cortland - Cortland County

 

Carville National Leather Corp.

Johnstown - Fulton County

 

Cooper Hand Tools

Cortland - Cortland County

 

Corning, Inc.

Canton - St. Lawrence County

 

Dielectric Laboratories, Inc.

Cazenovia - Madison County

 

Fitzpatrick & Weller, Inc.

Ellicottville - Cattaraugus County

 

Natrium Products, Inc.

 Cortland - Cortland County

OAB Holdings, Inc.

Buffalo - Erie County

 

Queensboro Farm Products, Inc.

Canastota - Madison County

 

Snyder Industries, Inc.

N. Tonawanda - Niagara County

 

Sorrento Lactalis, Inc.

Buffalo - Erie County

 

Syracuse China Company

Syracuse - Onondaga County

 

Syracuse Label Co., Inc.

Liverpool - Onondaga County

 

Turbine Engine Components Technologies

Whitesboro - Oneida County

 

Welch Allyn Data Collection Inc.

Skaneateles Falls - Onondaga County

 

New York State Electric & Gas – Service Territory

 

A. T. Reynolds & Sons, Inc.

Kiamesha Lake - Sullivan County

 

Audio Sears

Stamford - Delaware County

 

Barry Steel Fabrication, Inc.

Lockport - Niagara County

 

Bison Foods - Div. of Upstate Farms

Buffalo - Erie County

 

BorgWarner Morse TEC

Ithaca - Tompkins County

 

Corning, Inc. (Erwin Plant)

Corning - Steuben County

 

Corning, Inc. (Costar Plant)

Oneonta - Otsego County

Corning, Inc. (Northside)

Corning - Steuben County

 

Corning, Inc. (Southside)

Corning - Steuben County

 

Endicott Interconnect Technologies

Endicott - Broome County

 

Milward Alloys

Lockport - Niagara County

 

Upstate Niagara Cooperative

Buffalo - Erie County

 

Vail Ballou Press, Inc.

Binghamton - Broome County

 

 

 

Rochester Gas & Electric – Service Territory

 

Flower City Printing, Inc.                     

Rochester - Monroe County                                                

Jada Precision Plastics Co.

Rochester - Monroe County

Seneca Foods Corporation

Marion - Wayne County

 

B.            COMPANIES NOT IN JOB COMPLIANCE

 

National Grid - Service Territory

 

                Precision Systems Mfg., Inc.

Liverpool - Onondaga County

 

                NOW THEREFORE BE IT RESOLVED, That the Board hereby finds and determines that such applications meet the requirements of the extended benefits provisions of the Power for Jobs legislation contained in Article 6 of the Economic Development Law as amended by Chapter 59 of the Laws of 2008; and be it further

 

                RESOLVED, That the Board recommends to the Power Authority of the State of New York the 51 applications for extended benefits recommendations for electricity savings reimbursements discussed herein totaling 58,035 kW until June 30, 2009.


 


 


 


 

3.             Transfers of Industrial Power

 

SUMMARY

 

                The Members of the Economic Development Power allocation Board (“EDPAB”) are requested to recommend the Power Authority Trustees’ approval of the allocation transfers detailed below.

 

BACKGROUND

 

EDPAB is requested to recommend the Power Authority Trustees’ approval of transfers of power allocations for 15 companies that have changed names and or/locations for various business reasons. EDPAB has recommended approval of such transfers in the past.

 

DISCUSSION

 

                The proposed transferees are as follows:

 

Boston Scientific Corp./NAMIC Technology Center, in Glens Falls, Warren County, has been in business at this site since 1969BSC designs, manufactures and markets single-patient-use medical products, primarily for diagnosing and treating atherosclerotic cardiovascular disease.  The company was awarded a 650 kW Power for Jobs (“PFJ”) allocation, which the Trustees extended through the program’s current sunset of June 30, 2009.  Recently, BSC and its assets and liabilities were purchased by Avista Capital PartnersThe business conducted by BSC at the Glens Falls location remains unchanged.  The company is now called NAMIC/VA Inc.  The company will continue to honor all terms and commitments of its contract with the Authority. 

 

Canajo Manufacturing Company, in Canajoharie, Montgomery County, manufactures candy at a location where candy has been made by various companies since the early 1900s.  Originally, a PFJ allocation of 700 kW was awarded to Richardson Brands Company.  On September 23, 2003, the Trustees acknowledged Richardson Brands Company’s name change to Joyco USA Confectionery, Inc. by transferring the allocation.  The Trustees transferred the allocation to Canajo Manufacturing Company at their May 25, 2004 meeting, as Canajo acquired most of Joyco’s assets and all of its equipment.  When Canajo applied for PFJ benefits, it received a reduced allocation (600 kW) by the Trustees at their September 20, 2005 meeting due to lower reported employment.  In 2006, the company merged with Richardson Brands Company, which is a portfolio company of Founders Equity, a capital management firm in Manhattan.  Canajo is now Richardson Brands Company and still manufactures candy.  The Trustees recently extended the PFJ allocation through the end of the PFJ program on June 30, 2009.  The company will continue to honor all terms and commitments of its contract with the Authority.

 

Central Suffolk Hospital, in Riverhead, Suffolk County, is a non-profit community hospital for the east end of Long Island, providing inpatient and outpatient services, intensive care, cardiac care, pediatrics, obstetrical services, radiology, rehabilitation, pharmacy and long-term care .  The hospital is changing its name to Peconic Bay Medical Center.  CSH originally received a 200 kW PFJ allocation, which was extended for rebates through June 30, 2009.  The hospital will continue to honor all terms and commitments of its contract with the Authority. 

 

Charmer Industries, Inc., in Astoria, Queens County, in business since 1944, is a wholesale distributor of wine and spirits.  The company merged with Peerless Importers, Inc. in response to competitive pressures.  In addition to merging, the company changed its name to Empire Merchants LLC.  The business conducted by the company remains unchanged.  The company operates out of the former Charmer and Peerless locations in Queens and Brooklyn.  Charmer originally received a 750 kW PFJ allocation, which was extended for rebates through June 30, 2009.  The company will continue to honor all terms and commitments of its contract with the Authority.

 

Delphi Automotive Systems, LLC, in Amherst, Niagara County, produces various essential parts for automotive radiators through injection molding for its Lockport plant and also places gaskets on headers to form the seal on the radiators.  Delphi has one PFJ allocation.  At their April 27, 1999 meeting, the Trustees granted Ultra Tool and Plastics, Inc. a 150 kW PFJ allocation.  The PFJ allocation went to the Pineview Drive location.  At their September 23, 2003 meeting, the Trustees transferred Ultra’s PFJ allocation to Viking Industries, LLC, which promised to honor all terms and commitments of that allocation.  Viking closed the Pineview Drive facility in early 2004 and consolidated its equipment and jobs and PFJ allocation at its Commerce Drive facility.  At their December 13, 2005 meeting, the Trustees transferred Viking’s PFJ allocation to Delphi, which promised to honor all terms and commitments of that allocation.  However, the PFJ allocation’s employment commitment was reduced.  The company received extended benefits for rebates through June 30, 2009.  Delphi is relocating its Amherst plant functions to the Lockport plant in a critical move to stay competitive and increase efficiencies in process flow.  The Amherst plant’s functions and equipment will be called power train, or PTC, molding, consisting of 17 injection molding machines and 2 gasket lines at the Lockport plant.  Delphi is transferring 101 workers from Amherst to Lockport.  The allocation transfer would also involve a change of service provider from National Grid to New York State Electric & Gas.  Delphi will continue to honor the terms and commitments of its contract with the Authority.

 

EDO Corp., in Amityville and Bohemia, Suffolk County, has been in business for more than 60 years.  EDO is the leading systems integrator and producer of high-technology electronic products for the defense industry and government agencies, including avionics and tactical jamming equipment, as well as antennas, radar systems and space-based communications equipment.  AIL Systems, Inc. was awarded a 2,700 kW PFJ allocation by the Trustees at their meeting of January 27, 1998.  On May 1, 2000, AIL and EDO merged.  The allocation was extended through June 30, 2009.  On December 20, 2007, EDO was purchased by ITT Corporation, with ITT acquiring EDO’s assets and liabilities.  The business conducted by the company and its location remain unchanged.  The company, now named ITT Corporation, will continue to honor the terms and commitments of its contract with the Authority. 

 

F. P. Pla Tool and Mfg. Co. Inc., in Buffalo, Erie County, is a contract precision machining business founded in 1944 that serves the aerospace, compressor, energy and general manufacturing industries, in addition to being a cutting tool manufacturing business.  The company originally received a 100 kW PFJ allocation.  The allocation was extended for 50 kW through June 30, 2009.  In order to accommodate the demand from new clients, the company moved from Buffalo to a new larger facility in Lackawanna, in addition to changing its name without a change in ownership to Alliance Innovative Manufacturing, Inc.  The company, which is continuing business as a precision manufacturing facility, will continue to honor the terms and commitments of its contract with the Authority.

 

Fordham University - Marymount College, in Tarrytown, Westchester County, has been a liberal arts college for women since 1907.  Fordham received a 400 kW PFJ allocation.  The college received extended benefits for rebates through June 30, 2009.  The Marymount campus is closing and has been replaced by a new campus in West Harrison.  Fordham wishes to transfer its PFJ allocation to its Rose Hill campus in the Bronx.  However, the jobs associated with the PFJ allocation have been transferred to three locations – the Harrison, Lincoln Center and Rose Hill campuses.  Fordham will continue to honor the terms and commitments of its contract with the Authority.

 

General Electric Plastics, in Selkirk, Albany County, has been in operation at this site for more than 40 years.  GEP develops and manufactures plastics materials and resins.  The company was originally awarded a 5 MW PFJ allocation.  In August 2002, the business component became GE Noryl, LLC, a wholly owned subsidiary of General Electric Co.  The allocation received extended benefits for rebate through June 30, 2009.  On August 31, 2007, GEP was purchased by SABIC, which acquired its assets and liabilities.  The business conducted by the company and its location remain unchanged.  The company, now named SABIC Innovative Plastics, will continue to honor the terms and commitments of its contract with the Authority. 

 

Glens Falls Lehigh Cement Company, in Glens Falls, Warren County, is the oldest cement plant in New York, having been in business for more than 110 years.  GFLC was originally awarded a 1 MW PFJ allocation.  The allocation was extended through June 30, 2009.  In 2005, Lehigh Cement Company fully acquired GFLC.  The company changed its name to Lehigh Northeast Cement Company.  The business conducted by the company remains unchanged.  The company will continue to honor the terms and commitments of its contract with the Authority.

 

Greatbatch, Inc., founded in 1970 in Clarence, Erie County, designs, develops and manufactures batteries, capacitors, EMI filters, coated electrodes, stimulation leads, catheters, introducers and assemblies used in the implantable medical industry.  Wilson Greatbatch, Ltd. originally received a 1,200 kW PFJ allocation.  At their December 31, 2005 meeting, the Trustees recognized the company’s name change to Greatbatch, Inc.  The Trustees extended an allocation of 780 kW through June 30, 2009.  The allocation is spread over four facilities in Clarence:  10000 Wehrle Drive, 9645 Wehrle Drive, 4100 Barton Road and 4098 Barton Road.  Since the company is closing the 9645 Wehrle Drive facility, it wishes to transfer that portion of its PFJ allocation to the other facilities.  Greatbatch will continue to honor the terms and commitments of its contract with the Authority.

 

Lancaster Steel Service Company, Inc., in Lancaster, Erie County, has been in business and owned by the same two families since 1936From a large distribution center, Lancaster offers an extensive line of products and services, including structural steel, merchant bars, plates, reinforced steel fabrication and flat rolled products.  The company originally received a 500 kW PFJ allocationThe allocation was extended through June 30, 2009.  On October 4, 2006, Lancaster was acquired by Ryerson Inc.  The business conducted by the company and its location remain unchanged.  The company, now named Ryerson, Inc., will continue to honor the terms and commitments of its contract with the Authority. 

 

Merritt Plywood Machinery, Inc., in business for more than 150 years and located in Lockport, Niagara County, designs, manufactures and installs custom machinery for the hardwood veneer industry.  Merritt originally received a 75 kW PFJ allocation.  The company received extended benefits for rebates through June 30, 2009.  In June 2008, all of Merritt’s assets were purchased by Merritt Machinery, LLCThe business conducted by the company and its location remain unchanged.  The company will continue to honor the terms and commitments of its contract with the Authority. 

 

The New Museum of Contemporary Art was founded in 1977 in New York, New York County.  The museum, originally the recipient of a 50 kW PFJ allocation, received extended benefits for rebates through June 30, 2009.  The New Museum moved to its new building in Manhattan in November 2007 and requests that its PFJ allocation be transferred to the new facility.  The museum will continue to honor the terms and commitments of its contract with the Authority.

 

Organichem, Inc., established in 1999 and located in Rensselaer, Rensselaer County, conducts large-scale pilot manufacturing of active pharmaceutical ingredients for medicinals, botanicals and diagnostic substances.  Albany Molecular Research, Inc. owned 40% of the company, with Organichem management owning the rest, but AMRI acquired all of Organichem through warrants received when the company was established.  In 2007, the company changed its name only, without any ownership change, to AMRI Rensselaer, Inc.  The company, originally the recipient of a 1,000 kW PFJ allocation, received extended benefits for rebates through June 30, 2009.  The company will continue to honor the terms and commitments of its contract with the Authority. 

 

RECOMMENDATION

 

It is requested that the Economic Development Power Allocation Board recommend that the Power Authority’s Trustees approve the name and/or location changes detailed above.

 

Mr. James Pasquale presented the highlights of staff’s recommendations to the Board.  In response to a question from Mr. Nicandri, Mr. Pasquale said that the changes in locations are within New York State.

The following resolution was unanimously adopted by members of the Board present.

 

                RESOLVED, That the members of the Economic Development Power Allocation Board hereby approve the transfer of power allocations for four existing companies that have changed names and/or locations for various business reasons as described in the above memorandum to the Board.

 

 

 

 

 

 

 

 

 

 

 

4.             Other Business

 

            In response to a question from Mr. Nicandri, Mr. Pasquale agreed that the current economic climate could have a potential impact on some of the customers.  In response to another question from Mr. Nicandri, Mr. Pasquale explained that the Power for Jobs (“PFJ”) program’s sunset is June 2009.  The contracts for the non-PFJ (Energy Cost Savings Benefits Program) customers were also extended through June 2009.

                In response to further questions from Mr. Nicandri, Mr. Pasquale explained that for the past three or four years PFJ customers received approval for one-year extensions.  The Authority processes the contracts each year as new legislation authorizes the extensions.

 

 

 


 

5.             Next Meeting

 

                The next meeting of the Board is to be determined.