N.Y. Power Authority Approves
Low-Cost Power Allocations for 53 New Western New York Jobs
September 20, 2005
FOR IMMEDIATE RELEASE
ALBANY—The New York Power Authority (NYPA) Trustees
Tuesday approved new low-cost power allocations from the Niagara Power
Project for two Western New York companies in return for commitments to
create 53 new jobs.
Invitrogen Corp. a pharmaceutical and biotech
company in Grand Island, and American Axle & Manufacturing, Inc., in
Cheektowaga are undergoing multimillion dollar expansions that will be
supported by the allocations.
“These are the latest in a series of Niagara
allocations that we’ve made since early 2004 under an enhanced process
for making the low-cost electricity available on a continuous basis to
encourage investment and job creation in Western New York,” said Joseph
J. Seymour, NYPA chairman. “In less than two years, the job commitments
that we’ve received for this power have topped 2,500, underscoring the
hydroelectric project’s considerable value to the region.”
Chairman Seymour noted that the streamlined process
has resulted in allocations over this period of some 50,000 kilowatts (kw)
of power in support of $672 million in investments by those receiving
The Western New York Advisory Group, consisting of
the Power Authority, Niagara Mohawk, Empire State Development Corp., and
the Buffalo Niagara Enterprise, recommends allocations from two blocks
of Niagara industrial power, known as replacement power and expansion
power. Together, the two blocks of power, totaling 695,000 kw, are
linked to more than 43,000 jobs on the Niagara Frontier.
Invitrogen Corp. will receive an allocation of 375
kw of replacement power in return for creating 36 jobs and protecting
452 existing ones. The company is undertaking modifications to provide
additional space for new manufacturing equipment for various
pharmaceutical and biotech products, investing $5-1/2 million on the
American Axle & Manufacturing will receive 650 kw
in return for creating 17 jobs and protecting 142 existing positions.
The company, which is a premier manufacturer of automotive drive-line
and chassis systems, is undertaking an $8.6 million expansion of its
production and office facilities.
The 2,400,000-kw Niagara Project, about five miles
downstream from Niagara Falls, provides some of the lowest cost power in
New York State, along with being its single largest source of