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N.Y. Power Authority Welcomes Two New Trustees

Michael Saltzman

March 1, 2006


WHITE PLAINS—New York Power Authority (NYPA) President and Chief Executive Officer Timothy S. Carey Wednesday welcomed two new members to the NYPA board of trustees, following confirmation by the New York State Senate Tuesday of Gov. George E. Pataki’s nominations of Thomas W. Scozzafava of Gouverneur and Robert E. Moses of Marietta.

“We’re looking forward to the contributions that Tom Scozzafava and Bob Moses will make in helping to oversee the Authority and its statewide operations,” said Carey, NYPA president and chief executive officer. “Governor Pataki recognized the diverse backgrounds in energy, economic development, the environment and law that Tom and Bob will draw upon, in naming them to our board. Power Authority Chairman Joe Seymour and I are delighted that the state Senate has approved their nominations.”

Scozzafava will fill the unexpired term of Carey on the NYPA board, to May 2008. Carey resigned as a trustee in September to become the Power Authority’s chief operating officer, before being elected president and chief executive officer in January.

A native of St. Lawrence County, Scozzafava is vice president of acquisitions and strategic investments for the newly formed GreenShift Corp., a publicly traded business development firm that supports companies and technologies promoting the efficient use of natural resources and environmental improvements.

In 2002, he spearheaded the founding and development of WiseBuy Stores, Inc., a chain of retail stores, primarily in Northern New York, specializing in name-brand merchandise. The New York State Small Business Development Center selected the firm for its Excellence Award in 2004.  He serves as chief financial officer and treasurer of the company.

His earlier career in finance included work with Prudential Merchant Banking Group, Lehman Brothers, and GE Capital Corporation.

Scozzafava has served as chairman of the St. Lawrence County United Way Campaign and on the advisory board for the State University of New York Canton School of Business and Public Service. He earned a bachelor’s degree in economics from Hamilton College in 1992.

Robert E. Moses, will become the first of two new trustees authorized by an expansion of the size of the board from five to seven members under the Public Authorities Accountability Act of 2005, which increased the size of a number of state authority boards and established new oversight responsibilities for board members. The other current NYPA board members are Chairman Joseph J. Seymour, of Bethlehem, Albany County; Frank S. McCullough, Jr., vice chairman, Rye, Westchester County; Michael J. Townsend, Fairport, Monroe County; and Elise M. Cusack, Eggertsville, Erie County.

Moses, a Syracuse native, was appointed to a two-year term. He served as a Partner of the law firm of Bond, Schoeneck & King, PLLC, until December 31, 2004. His practice included assisting private companies, industries, institutional investors and municipalities with projects requiring private and public participation to advance economic development in New York State. He also assisted public and private tourism organizations by providing advisory and strategic planning services.

His efforts included projects requiring analysis of economic development and commercial real estate issues, including government incentives. An example of his efforts to improve the business climate in New York State was his involvement in the campaign to approve the 1996 Clean Water/Clean Air Bond Act, which provided $1.75 billion in funding to protect and restore the state’s environment.

Moses served as a member of the New York State Economic Development Council for 25 years. He has also been active with other organizations, including the Board of Trustees, SUNY College of Environmental Science and Forestry in Syracuse; the Association of College Trustees of the State University of New York; and the Board of Regents, LeMoyne College in Syracuse

Moses, is not related to the former Power Authority chairman who led the statewide utility, from 1954 through 1962, during its construction of the giant hydroelectric projects on the St. Lawrence and Niagara Rivers.

The two new trustees are expected to participate in their first NYPA board meeting on March 28, in White Plains.

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