Exhibit “A-1”

 

 APPLICATION SUMMARY

Replacement Power

 

Company:                                  Surmet Ceramics Corporation

 

Location:                                   Buffalo

                                                         

County:                                     Erie

 

IOU:                                          Niagara Mohawk

 

Business Activity:                    Manufacturer of advanced materials and coatings

 

Project Description:                  The project includes purchasing and refurbishing equipment to increase the company’s manufacturing capabilities. The company also plans to install a high-temperature heat-treatment furnace. In addition, it will be refurbishing manufacturing space throughout the plant. 

 

Prior Application:                     No

 

Existing Allocations:                None

 

Power Request:                        900 kW

                                                  

Power Recommended:             900 kW

 

Job Commitment:     

               Existing                           14 jobs

               New                                  9 jobs

                                                         

New Jobs/Power Ratio:            10 jobs/MW

New Jobs -

Avg. Wage and Benefits          $45,000

 

Capital Investment:                  $377,000

 

Capital Investment/MW          $ 418,889/MW

 

Summary:                                  Surmet has been manufacturing advanced material and coating for Fortune 500 firms, technology-based enterprises and U.S. government agencies. The company’s products are used by the semiconductor equipment, biomedical, aerospace and defense industries. Electricity makes up 15% of Surmet’s total facility operating budget. A low-cost hydro power allocation will help the company remain competitive.