Statement By Richard M. Kessel, President and CEO, New York Power authority

Bert Cunningham

January 20, 2010


Last week’s meeting between the working group from the Niagara County Legislature headed by the Legislature’s Chairman, Bill Ross, and NYPA’s representatives provided an excellent opportunity for an across-the-table, first-hand exchange of information on a number of issues of mutual interest to the County and the Power Authority.

I am committed to the process that has begun and look forward to addressing the County Legislature’s issues as part of a comprehensive program.

Last summer, I personally pledged my support for the County Legislature’s request to have a Niagara county resident serve as a trustee on NYPA’s Board, and I have re-affirmed that commitment.

Utilizing low-cost hydro power for economic development purposes has been my top priority, and it will continue to be a top priority. There is nothing more important right now than creating or protecting as many jobs as possible in Niagara County and Western New York with available NYPA resources.

In the weeks ahead, as our discussions with the Niagara County Legislature’s working group move forward, my top priority will be finding a way to make additional power available to the county for economic development purposes with an eye on job creation and retention to the greatest extent possible.

About NYPA:

■ The New York Power Authority 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 public power organization, with 17 generating facilities in various parts of New York State and more than 1,400 circuit-miles of transmission lines. ■ More than 80 percent of the electricity it produces is clean renewable hydropower.  Its lower-cost power production and electricity purchases support hundreds of thousands of jobs throughout the state. ■For more information, www.nypa.gov.


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