MINUTES OF THE REGULAR MEETING OF THE

POWER AUTHORITY OF THE STATE OF NEW YORK

 

May 22, 2007

 

Table of Contents

 

          

 

1.              Minutes of the Annual Meeting held on April 24, 2007                                                                                

2.              Presentation to Scholarship Winners                                                                                                                               

3.              Financial Reports for the Four Months Ended April 30, 2007, Exhibit      ‘3-A’                  

4.              Report from the President and Chief Executive Officer                                                                          

                   

5.              Allocation of 2,350 kW of Hydro Power, Exhibits  '5-A’; ‘5-A1’ – ‘5-A4’  

Resolution    ‘5-B’; ‘5-B1’ – ‘5-B2’

6.              Power for Jobs Program – Extended Benefits, Exhibits  ‘6-A’

            Resolution

7.              Petroleum Overcharge Restitution (“POCR”) Funds – Transfer of Funds to the State of New York and Authorization of POCR Programs,  Exhibits  ‘7-A’
Resolution
 

8.              Proposed Hydropower Contracts for Niagara Power Project Relicensing Settlements –Transmittal to the Governor, Exhibits   ‘8-A’ – ‘8-K’

            Resolution

9.              Motion to Conduct an Executive Session                                                       

10.           Motion to Resume Meeting in Open Session                                                       

11.           Operations and Maintenance Payments for  New York State Parks

            Resolution

12.           Increase in Operating Reserve and Authorization to  Use Operating Funds to Retire Authority Debt

            Resolution

13.           Niagara Power Project Relicensing – New FERC License,  SEQRA Findings and Surplus Lands Transfer, Exhibits  ‘13-A’ & ’13-B’

            Resolution

14.           Next Meeting                                                                                      

15.           Closing                                                                                                                                                             

 

Minutes of the Regular Meeting of the Power Authority of the State of New York held at the Niagara Power Project, Lewiston, New York, at 11:00 a.m.

 

Present:                  Frank S. McCullough, Jr., Chairman

                                Michael J. Townsend, Vice Chairman

                                Joseph J. Seymour, Trustee

                                Elise M. Cusack, Trustee   

                                Robert E. Moses, Trustee

                                Thomas W. Scozzafava, Trustee

                                Leonard N. Spano, Trustee

 

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Timothy S. Carey                                 President and Chief Executive Officer

Thomas J. Kelly                                    Executive Vice President and General Counsel

Joseph Del Sindaco                             Executive Vice President and Chief Financial Officer

Vincent C. Vesce                                  Executive Vice President – Corporate Services and Administration

Steven J. DeCarlo                                 Senior Vice President – Transmission

Angelo S. Esposito                              Senior Vice President – Energy Services and Technology

Louise M. Morman                              Senior Vice President – Marketing and Economic Development

Brian Vattimo                                        Senior Vice President – Public and Governmental Affairs

Edward A. Welz                                   Senior Vice President and Chief Engineer – Power Generation

Daniel Wiese                                        Inspector General and Vice President – Corporate Security

Anne B. Cahill                                      Corporate Secretary

Angela D. Graves                                 Deputy Corporate Secretary

Frederick E. Chase                               Executive Director – Hydro Relicensing

James F. Pasquale                                Director – Business Power Allocations, Compliance and Municipal and Cooperative Marketing

Keith G. Silliman                                   Director – Hydro Relicensing

Horace Horton                                      Regional Manager – Western New York

Daniel J. Elmer                                      Staff Sargeant

Mary Jean Frank                                  Associate Corporate Secretary

Jamie Gilbert                                          School Coordinator –  Niagara Wheatfield/Tuscarora Nation

Brooke Patterson                                 Tuscarora Nation – Scholarship Winner

Mrs. Smiedala                                       Tuscarora Nation – Mother of Nicholas Smiedala

Nicholas Smiedala                                Tuscarora Nation – Scholarship Winner

Judith Patterson                                   Tuscarora Nation – Grandmother of Brooke Patterson

Leander (Rusty) Patterson                 Tuscarora Nation – Father of Brooke Patterson

Kay Brayley                                          Community Health Coordinator – Tuscarora Nation

Aaron Besecker                                    Reporter – Niagara Gazette

Jim Heaney                                            Reporter – Buffalo News

Bill Michelmore                                    Reporter – Buffalo News

Al Vaughters                                        Reporter – WIVB Buffalo

John Carroll                                           Photographer – WIVB-TV

Charles Lewis                                       Photographer – Buffalo News

James Neiss                                          Photographer – Niagara Gazette

 

 

 

Chairman McCullough presided over the meeting.  Corporate Secretary Cahill kept the Minutes.

 

1.             Approval of the Minutes

 

                The Minutes of the Annual Meeting of April 24, 2007 were unanimously adopted

2.             Presentation to Scholarship Winners

 

                Chairman McCullough introduced Brooke Patterson and Nicholas Smiedala, winners of the first Niagara Power Project Relicensing Scholarships for Members of the Tuscarora Nation.  He said that he and President Carey had been privileged to meet with Ms. Patterson, Mr. Smiedala and their parents and grandparents prior to the Trustees’ Meeting.  Chairman McCullough said that Ms. Patterson and Mr. Smiedala had been chosen as the first recipients of the annual full-tuition scholarships to any school in the State University of New York system by the Tuscarora Scholarship Committee.  The scholarship awards are based on the students’ academic excellence and community service. 

                Ms. Patterson graduated from Niagara Wheatfield High School in 2001.  She was inspired to study radiology at Niagara County