Power Authority Hydropower to
Support Buffalo Firm's Plans to Create 12 New Jobs
April 26, 2005
FOR IMMEDIATE RELEASE
NEW YORK—The New York Power Authority (NYPA)
Trustees Tuesday approved an allocation of low-cost hydropower from the
Niagara Power Project for Graphic Controls, LLC, a Buffalo company
undertaking a $1.8 million expansion that will lead to12 additional
“Once again, we’re demonstrating the unique value
of Niagara hydropower for new jobs in Western New York,” said Louis P.
Ciminelli, NYPA chairman and a resident of Buffalo. “We continue to
forge ahead on this front, thanks to Governor George Pataki’s efforts
and those of state and local economic development organizations, in
maximizing the job benefits of this vital generating facility and
supporting the region’s economy.”
Ciminelli noted that the Western New York Advisory
Group, consisting of the Power Authority, Niagara Mohawk, Empire State
Development Corp. and the Buffalo Niagara Enterprise, recommends the
allocations to businesses from two blocks of Niagara hydropower, known
as replacement power and expansion power. In late 2003, the members of
the group signed a Memorandum of Understanding for allocations of
available Niagara power on a continuous basis.
Since the agreement, the Power Authority has made
allocations to a total of 30 Western New York companies, including the
one approved Tuesday.
Graphic Controls, which has operated in Buffalo
since the1940s, is a world leader in producing quality precision charts
and marking systems for recording vital information for medical and
The company, which currently employs 245 people, is
adding a new printing press for expanding the output of its operation,
which runs round-the-clock, seven days a week.
It will receive an allocation of 330 kilowatts (kw)
of replacement power, which will help maintain its competitive position
and presence in Buffalo. The company is at 400 Exchange St.
Replacement power is a 445,000-kw block of power
reserved for manufacturers within a 30-mile radius of the Niagara
Project. A second, smaller block of power—expansion power—totals 250,000
kw. Together, the two blocks are linked to more than 43,000 jobs in
Western New York.
The 2,400,000-kw Niagara Project, in the Town of
Lewiston, is the single largest source of electricity in New York State.
It provides some of the state’s lowest cost power, along with a second
NYPA hydroelectric project, the St. Lawrence-Franklin D. Roosevelt
Project in Massena.