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NYPA to Hold June 4 Hearing in Syracuse on Hydropower Supply Contracts With Upstate Utilities

Contact:
Michael Saltzman
914-390-8181
michael.saltzman@nypa.gov

May 27, 2008

FOR IMMEDIATE RELEASE

WHITE PLAINS—The New York Power Authority (NYPA) will hold a public hearing in Syracuse on Wednesday, June 4, at 10:30 a.m. on proposed contract extensions for sale of hydropower from the Authority’s Niagara and St. Lawrence-Franklin D. Roosevelt Power Projects to National Grid, New York State Electric and Gas, and Rochester Gas and Electric for their residential customers.  

The NYPA Trustees previously authorized the hearing, which will be held at Syracuse City Hall, 233 East Washington St., in the Common Council Chamber. 

The current contracts with the three upstate utilities expire June 30. The extensions would continue the sale of 455 megawatts (mw) of firm power and 360 mw of firm peaking power through 2009. Firm power is defined as power available at all times, while firm peaking power is generation to satisfy demand for electricity during hours of greatest usage.

As with the existing contracts, the 18-month extensions would be subject to early termination by the Power Authority on 30 days’ written notice. 

The proposed agreements and a public hearing notice are viewable on NYPA’s website at www.nypa.gov by clicking onto the link “Public Hearing on June 4.”

 About NYPA:

■    NYPA uses no tax money or state credit.  It finances its operations through the sale of bonds and revenues earned in large part through sales of electricity.  ■    NYPA is a leader in promoting energy-efficiency, new energy technologies and electric transportation initiatives.  ■    It is the nation’s largest state-owned electric utility, with 18 generating facilities in various parts of the state and more than 1,400 circuit-miles of transmission lines.

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