ECONOMIC DEVELOPMENT POWER
ALLOCATION BOARD
MINUTES
October
23, 2006
Video
Conference – 9:30 a.m.
Empire
State Development Corporation,
1. Approval
of the Minutes of the Meeting of September 26, 2006
2. Power
for Jobs Extended Benefits Recommendations
for
Electricity Savings Reimbursements
A. COMPANIES
IN JOB COMPLIANCE
Con
Edison -
|
Charmer Industries, Inc.
Greater Jamaica Development Corp.
Long Island
Jewish Manhasset –
Tarrytown –
|
Pepsi Cola Bottling Company College Point – The Verizon |
Long
Island Power Authority -
|
American Technical Ceramics Huntington
Station – West Islip – Port Jefferson
– |
JP Morgan Chase Uniondale – Manhasset – |
National
Grid -
|
Borg Warner Morse Tech Corp Brodock Press Cascades Tissue Group Corning, Inc. Gouverneur – St. Lawrence County Fiber Glass Industries, Inc. General Electric Plastics Selkirk – International Fiber Corporation Lowville – |
Little Little Falls – Mohawk Paper Mills Natrium Products, Inc. Organichem, Inc. Rennselear – Queensboro Farm Products, Inc. Canastota – Revere Copper Products Robison & Smith, Inc. Sorrento Lactalis, Inc. Welch Allyn Data Collection, Inc. Skaneateles Falls – |
|
Agri-Mark, Inc. Chateaugay – Borg Warner Automotive Morse Tech |
Candlelight Cabinetry, Inc. Merritt Plywood Machinery, Inc. |
|
Flower City Printing, Inc. |
|
B. COMPANIES
NOT IN JOB COMPLIANCE
Con
Edison -
|
American Cancer Society AT&T |
Norampac Maspeth – |
Long Island Power
Authority -
|
Augros, Inc. |
|
National
Grid -
|
Applied Energy Solutions Caledonia – CWM Chemical Services, LLC Dielectric Laboratories, Inc. Cazenovia – Dodge-Graphic Press Inc. Fitzpatrick & Weller, Inc. Ellicottville – Kilian Manufacturing Corporation Lydall Manning |
McLane Eastern Baldwinsville – Oldcastle Precast South Bethlehem – Specialized Packaging Radisson, Inc. Baldwinsville – Standard Manufacturing Co. Inc. Syracuse Plastics, Inc. Liverpool – Syroco, Inc. Baldwinsville – Turbine Engine Components Technologies Whitesboro – |
|
A.T. Reynolds & Sons, Inc. |
Vail Ballou Press, Inc. |
|
International Business Machines – |
|
International Business Machines - |
Jada Precision Plastics Co. |
3. 2007 Power for Jobs Extended Benefits
Recommendations
for Contract Extensions
Con
Edison -
|
Citi Group
Dontis Produce Co. Brooklyn -
Museum of Art & Design Orazio & Sons Meat, Co. Brooklyn - |
Ruby Freeman, Inc. Brooklyn - The Moving Image, Inc. - dba Film Forum Theater for the New City, Inc. YMCA of Greater
Zeluck, Inc. Brooklyn - |
Long
Island Power Authority -
|
Ademco Syosset -
AEC Johnson & Hoffman Automatic Data Processing Edgewood - B.H. Aircraft Company, Inc.
Fortunoff Uniondale - |
Gurwin Jewish Commack -
Maloya Laser Inc. Commack - Oldcastle Glass Hauppauge - Silver Lake Cookie Co. |
National
Grid -
|
Airsep Corp. Anoplate Corp. Ascension Industries
Associated Brands, Inc. Bartell Machinery Systems Blasch Precision Ceramics
CWR Manufacturing, Co.
Distributor Data Forms, Inc. DOT Foods Liverpool - Dupli Envelopes & Graphics Corp. Eastern Castings Corp. Ethox Corp. F. P. Pla Tool & Manufacturing Co., Faster Form Corp. Feldmeier Equipment Inc. Little Falls - G L & V Sandy Hill Inc. H. P. Hood, Inc. Hebeler Corporation
Homogeneous Metals, Inc. Clayville - International Fiber Corporation
IPAC, Inc. Niagara Falls - Niagara
County |
Kaz Incorporated Kris-Tech Wire Company
L.B. Furniture Industries, LLC Mill Services, Inc. Cobleskill - Niagara Falls -
Oehler Industries Oneida Container Co., Inc. ORC Plastics 1 ORC Plastics 3 Par Foam Products, Inc. Peak Resorts Inc., dba Power Pallet Quandt's Food Service Distributors Rich Plan Food Service, Inc. Clark Mills - Rome Specialty Company, Inc. Schneider Packing Equipment Brewerton - School House Companies (dba Olbrych Realty Inc.) Spray Nine Corporation Stature Electric Suit-Kote Corp.
Thermold Corp. Canastota - |
|
Conax Buffalo Technologies Diversified Manufacturing, Inc. Fermer Precision Ilion - Lancaster Steel Service Co., Inc.
Mountainside Farms Roxbury - |
National Pipe and Plastics Vestal - Paul T. Freund Corp.
Racemark International, Inc. Therm Inc. |
|
J. C. Plastics, Inc. |
4.
2007 Power for Jobs
Extended Benefits
Recommendations
for Electric Savings Reimbursements
Con Edison -
|
Acme Architectural Products, Inc. Brooklyn - Acme Smoked Fish Corp. Brooklyn - Liz Claiborne, Inc.
|
Norampac - New York City, Inc. Maspeth - Pepsi Cola Bottling Company College Point - TanaSeybert, LLC The Brooklyn - |
Long
Island Power Authority -
|
Commercial Envelope Manufacturing Corp. Enzo Clinical Labs, Inc. Farmingdale - John Hassall, Inc. Westbury - Port Jefferson - |
Kozy Shack, Inc. Hicksville - Madelaine Chocolates Ultimate Precision Metal Farmingdale - |
National
Grid -
|
Applied Energy Solutions Caledonia - Cooper Industries Diemolding Corporation Canastota - Dodge-Graphic Press Inc. Fiber Glass Industries Inc. Ford Motor Company Interface Solutions, Inc. |
McLane Eastern Baldwinsville - Natrium Products, Inc. OAB Holdings, Inc. Oldcastle Precast Inc. South Bethlehem - Organichem, Inc. Rennselear
- Syracuse Plastics, Inc. Liverpool
- Syroco, Inc. Baldwinsville - |
|
A. T. Reynolds & Sons, Inc. Agri-Mark, Inc. Chateaugay - Audio Sears Custom Electronics, Inc. Oneonta - |
Endicott Interconnect Technologies Endicott - Manitoba Corporation Soucy Champlain - Vail Ballou Press, Inc. |
|
Gorbel Corp. Fishers - |
5.
Request to
Approve Extensions to the Term of Service for 14
Existing Economic Development Power Program Customers
Con Edison -
|
M. Fortunoff |
Long Island Power Authority –
|
Adecco, Inc. Melville - Administrators for the Professions Manhasset - |
Air Industries Bay Shore - |
National Grid –
|
Diemolding Corporation Canastota - Griffiss Local Development Corp. Owl Wire & Cable, Inc. Canastota - |
Specialized Packaging Radisson, Inc. Baldwinsville - Syracuse China Company Syroco, Inc. Baldwinsville - |
|
Anchor Glass Container Corporation Racemark International, Inc. |
The Gunlocke Company Wayland - |
|
Aluf Plastics, Inc. Orangeburg - |
6.
Economic
Development Programs –
Energy Cost Savings Benefits Recommendations
Con
Edison -
|
American Broadcasting Companies Ellanef Manufacturing Corporation Engelhard Corporation (BASF) Engelhard Corporation (BASF) |
Honeywell Farms (Elmhust Dairy) M. Fortunoff Bronx - Spellman High Voltage Electronics Corp. Valhalla - |
Long Island Power Authority –
|
Adecco, Inc. Melville - Administrators for the Professions Manhasset - |
Air Industries Bay Shore - Uniflex, Inc. Westbury - |
National Grid –
|
Automotive Corporation Diemolding Corporation Canastota - Granny Granny Griffiss Local Development Corp. Griffiss Local Development Corp. Kaz Incorporated |
Markin Tubing, Division of M&R Industries Middleport Cold Storage Middleport - Norampac Industries Inc. Niagara Falls - Owl Wire & Cable, Inc. Canastota - Specialized Packaging Radisson, Inc. Baldwinsville - Syracuse China Company Syroco, Inc. Baldwinsville - |
|
Anchor Glass Container Corporation Racemark International, Inc. Sysco Corporation Warners - |
Sysco Corporation Warners - The Gunlocke Company Wayland - |
|
Aluf Plastics, Inc. Orangeburg - |
7.
Transfers
of Industrial Power
|
Beaverite Corporation Snyder Industries |
Stella D’oro Biscuit Co. Inc. Bronx – Stellex Monitor Aerospace Corp. Amityville – |
OTHER BUSINESS
8. Next Meeting
A regular meeting of the Economic Development
Power Allocation Board was held via video conference at the following
participating locations:
1)
2)
3) Empire State Development Corporation,
The following Members of the
Board were present at the following locations:
Frank
S. McCullough, Jr., Chairman (
Bernard P. McGarry, Member (
Kevin S. Corbett, Member (
James
A. Duncan, Member, (
Also in attendance were:
Timothy
S. Carey President
and Chief Executive Officer, NYPA
Thomas J. Kelly Executive Vice President and General Counsel, NYPA
Anne B. Cahill Corporate
Secretary, NYPA
Joseph C. Carline Assistant
General Counsel, NYPA
John B. Hamor Executive
Director – State Governmental Relations, NYPA
James F. Pasquale Director
– Business Power Allocations and Regulation, NYPA
Michael A. Saltzman Director
– Media Relations, NYPA
Anthony C. Savino Manager
– Business Power Allocations and Compliance, NYPA
Mary Jean Frank Associate Corporate Secretary, NYPA
Lorna M. Johnson Assistant Secretary, NYPA
Jeffrey Carey Special
Assistant to President and Chief Executive Officer, NYPA
1. Adoption of Minutes
The minutes of the meeting of September 26, 2006, were unanimously adopted.
2.
Power for
Jobs Extended Benefits Recommendations
for Electricity Savings
Reimbursements
The members of the Board reconsidered the 68 applications for extended benefits recommendations for electricity savings reimbursements listed below for Power for Jobs. Mr. Pasquale explained that some 68,134 jobs would be impacted. See Exhibits “2-A” and “2-B.”
The following resolution was unanimously adopted
by members of the Board present.
WHEREAS, the following entities have applied
for extended benefits recommendations for electricity savings reimbursements
under the Power for Jobs program:
COMPANIES IN JOB
COMPLIANCE
|
Con Edison - |
|
|
Charmer Industries, Inc.
Greater Jamaica Development Corp.
Long Island
Jewish Manhasset –
Tarrytown –
|
Pepsi Cola Bottling Company College Point – The Verizon |
|
Long Island Power Authority
- |
|
|
American Technical Ceramics Huntington
Station – West Islip – Port Jefferson
– |
JP Morgan Chase Uniondale – Manhasset – |
|
National Grid - |
|
|
Borg Warner Morse Tech Corp Brodock Press Cascades Tissue Group Corning, Inc. Gouverneur – St. Lawrence County Fiber Glass Industries, Inc. General Electric Plastics Selkirk – International Fiber Corporation Lowville – |
Little Little Falls – Mohawk Paper Mills Natrium Products, Inc. Organichem, Inc. Rennselear – Queensboro Farm Products, Inc. Canastota – Revere Copper Products Robison & Smith, Inc. Sorrento Lactalis, Inc. Welch Allyn Data Collection, Inc. Skaneateles Falls – |
|
|
|
|
Agri-Mark, Inc. Chateaugay – Borg Warner Automotive Morse Tech |
Candlelight Cabinetry, Inc. Merritt Plywood Machinery, Inc. |
|
|
|
|
Flower City Printing, Inc. |
|
COMPANIES
NOT IN JOB COMPLIANCE
|
Con Edison - |
|
|
American Cancer Society AT&T |
Norampac Maspeth – |
|
Long Island Power Authority
- |
|
|
Augros, Inc. |
|
|
National Grid - |
|
|
Applied Energy Solutions Caledonia – CWM Chemical Services, LLC Dielectric Laboratories, Inc. Cazenovia – Dodge-Graphic Press Inc. Fitzpatrick & Weller, Inc. Ellicottville – Kilian Manufacturing Corporation Lydall Manning |
McLane Eastern Baldwinsville – Oldcastle Precast South Bethlehem – Specialized Packaging Radisson, Inc. Baldwinsville – Standard Manufacturing Co. Inc. Syracuse Plastics, Inc. Liverpool – Syroco, Inc. Baldwinsville – Turbine Engine Components Technologies Whitesboro – |
|
|
|
|
A.T. Reynolds & Sons, Inc. |
Vail Ballou Press, Inc. |
|
|
|
|
International Business Machines – |
|
|
|
|
|
International Business Machines - |
Jada Precision Plastics Co. |
NOW THEREFORE BE IT RESOLVED, That the
Board hereby finds and determines that such applications meet the requirements
of the extended benefits provisions of the Power for Jobs legislation contained
in Article 6 of the Economic Development Law as amended by Chapter 313 of the
Laws of 2005; and be it further
RESOLVED, That the
Board recommends to the Power Authority of the State of New York the 68 applications
for extended benefits recommendations for electricity savings reimbursements discussed
herein totaling 69,894 kW until December 31, 2006.
3.
2007 Power
for Jobs Extended Benefits Recommendations
for Contract
Extensions
The members of the Board reconsidered the 76 applications for extended benefits recommendations for contract extensions listed below for 2007 Power for Jobs. Mr. Pasquale explained that some 17,318 jobs would be impacted. See Exhibit “3-A.”
The following resolution was unanimously adopted
by members of the Board present.
WHEREAS, the following entities have
applied for extended benefits recommendations for contract extensions under the
2007 Power for Jobs program:
|
Con Edison - |
|
|
Citi Group
Dontis Produce Co. Brooklyn -
Museum of Art & Design Orazio & Sons Meat, Co. Brooklyn - |
Ruby Freeman, Inc. Brooklyn - The Moving Image, Inc. - dba Film Forum Theater for the New City, Inc. YMCA of Greater
Zeluck, Inc. Brooklyn - |
|
Long Island Power Authority
- |
|
|
Ademco Syosset -
AEC Johnson & Hoffman Automatic Data Processing Edgewood - B.H. Aircraft Company, Inc.
Fortunoff Uniondale - |
Gurwin Jewish Commack -
Maloya Laser Inc. Commack - Oldcastle Glass Hauppauge - Silver Lake Cookie Co. |
|
National Grid - |
|
|
Airsep Corp. Anoplate Corp. Ascension Industries
Associated Brands, Inc.
Bartell Machinery Systems Blasch Precision Ceramics
CWR Manufacturing, Co.
Distributor Data Forms, Inc. DOT Foods Liverpool - Dupli Envelopes & Graphics Corp. Eastern Castings Corp. Ethox Corp. F. P. Pla Tool & Manufacturing Co., Faster Form Corp. Feldmeier Equipment Inc. Little Falls - G L & V Sandy Hill Inc. H. P. Hood, Inc. Hebeler Corporation Homogeneous Metals, Inc. Clayville - International Fiber Corporation
IPAC, Inc. Niagara Falls - Niagara
County |
Kaz Incorporated Kris-Tech Wire Company
L.B. Furniture Industries, LLC Mill Services, Inc. Cobleskill - Niagara Falls -
Oehler Industries Oneida Container Co., Inc. ORC Plastics 1 ORC Plastics 3 Par Foam Products, Inc. Peak Resorts Inc., dba Power Pallet Quandt's Food Service Distributors Rich Plan Food Service, Inc. Clark Mills - Rome Specialty Company, Inc. Schneider Packing Equipment Brewerton - School House Companies (dba Olbrych Realty Inc.) Spray Nine Corporation Stature Electric Suit-Kote Corp.
Thermold Corp. Canastota - |
|
|
|
|
Conax Buffalo Technologies Diversified Manufacturing, Inc. Fermer Precision Ilion - Lancaster Steel Service Co., Inc.
Mountainside Farms Roxbury - |
National Pipe and Plastics Vestal - Paul T. Freund Corp.
Racemark International, Inc. Therm Inc. |
|
|
|
|
J. C. Plastics, Inc. |
|
Mr.
Pasquale presented the highlights of staff’s recommendations to the Board. Chairman McCullough pointed out that this
item reflects the extension of the Power for Jobs program to June 30, 2007.
NOW THEREFORE BE IT RESOLVED, That the
Board hereby finds and determines that such applications meet the requirements
of the extended benefits provisions of the Power for Jobs legislation contained
in Article 6 of the Economic Development Law as amended by Chapter 645 of the
Laws of 2006; and be it further
RESOLVED, That the
Board recommends to the Power Authority of the State of New York the 76 applications
for extended benefits recommendations for contract extensions discussed herein
totaling 34,383 kW until June 30, 2007.
4.
2007 Power
for Jobs Extended Benefits Recommendations
for Electricity Savings
Reimbursements
The members of the Board reconsidered the 45 applications for extended benefits recommendations for electricity savings reimbursements listed below for Power for Jobs. Mr. Pasquale explained that some 46,873 jobs would be impacted. See Exhibit “4-A.”
The following resolution was unanimously adopted
by members of the Board present.
WHEREAS, the following entities have
applied for extended benefits recommendations for electricity savings
reimbursements under the Power for Jobs program:
|
Con Edison - |
|
|
Acme Architectural Products, Inc. Brooklyn - Acme Smoked Fish Corp. Brooklyn - Liz Claiborne, Inc.
|
Norampac - New York City, Inc. Maspeth - Pepsi Cola Bottling Company College Point - TanaSeybert, LLC The Brooklyn - |
|
Long Island Power Authority
- |
|
|
Commercial Envelope Manufacturing Corp. Enzo Clinical Labs, Inc. Farmingdale - John Hassall, Inc. Westbury - Port Jefferson - |
Kozy Shack, Inc. Hicksville - Madelaine Chocolates Ultimate Precision Metal Farmingdale - |
|
National Grid - |
|
|
Applied Energy Solutions Caledonia - Cooper Industries Diemolding Corporation Canastota - Dodge-Graphic Press Inc. Fiber Glass Industries Inc. Ford Motor Company Interface Solutions, Inc. |
McLane Eastern Baldwinsville - Natrium Products, Inc. OAB Holdings, Inc. Oldcastle Precast Inc. South Bethlehem - Organichem, Inc. Rennselear
- Syracuse Plastics, Inc. Liverpool
- Syroco, Inc. Baldwinsville - |
|
|
|
|
A. T. Reynolds & Sons, Inc. Agri-Mark, Inc. Chateaugay - Audio Sears Custom Electronics, Inc. Oneonta - |
Endicott Interconnect Technologies Endicott - Manitoba Corporation Soucy Champlain - Vail Ballou Press, Inc. |
|
|
|
|
Gorbel Corp. Fishers - |
|
NOW THEREFORE BE IT RESOLVED, That the
Board hereby finds and determines that such applications meet the requirements
of the extended benefits provisions of the Power for Jobs legislation contained
in Article 6 of the Economic Development Law as amended by Chapter 645 of the
Laws of 2006; and be it further
RESOLVED, That the Board recommends to the
Power Authority of the State of New York the 45 applications for extended
benefits recommendations for electricity savings reimbursements discussed
herein totaling 48,080 kW until December 31, 2006.
5. Request to Approve Extensions to
the Term of Service for 14
Existing Economic Development Power Program Customers
Summary
The members of the Economic Development Power Allocation Board (Power Allocation Board) are requested to recommend approval of an extension to the term of service to June 30, 2007 for 14 existing economic development power program customers, as listed in Exhibit “5-A.”
BACKGROUND
The New York Power Authority sells electricity to businesses under several state-authorized economic development programs. These power sales are made through the Economic Development Power program, High Load Factor Manufacturer program, Municipal Distribution Agency Industrial Power program and other power sales programs. The capacity and energy for these sales are provided by market purchases and supported by other Authority sources as needed. In some instances, these customers are served directly by the Authority and in other cases, the customers receive Authority power through resale arrangements with municipal distribution agencies or investor-owned utilities. Contracts range in length from 5 to more than 20 years.
DISCUSSION
Chapter 313 of the Laws of 2005 was signed into law by Governor George E. Pataki on July 26, 2005. The new law allowed certain Authority power program customers that would be exposed to bill increases as a result of higher market prices before December 31, 2006 to apply for an Energy Cost Savings Benefit. Under this law, businesses eligible to receive Energy Cost Savings Benefits are limited to Authority customers currently supplied power under the Economic Development Power, Municipal Distribution Agency and High Load Factor programs. The Energy Cost Savings Benefit was available for the period November 1, 2005 through December 31, 2006. In 2006, a new law (Chapter 645 of the Laws of 2006) included provisions extending these benefits until June 30, 2007.
The
customers detailed in Exhibit “5-A” have allocation contracts, previously
recommended by the Power Allocation Board and approved by the Power Authority
Trustees that expire on December 31, 2006.
We are requesting the Power Allocation Board to recommend that the
Trustees extend these agreements until June 30, 2007 so that the customers may
receive the benefits associated with the recently passed law. The extension will help maintain costs and
enable the customers to compete more effectively. In addition, it will further secure
employment levels in
RECOMMENDATION
It is requested that the Power Allocation Board recommend extensions to the term of service to June 30, 2007 for the fourteen existing economic development power program customers, as listed in Exhibit “5-A.”
Following consideration of such applications, the Members of the Board present voted unanimously to extend the contracts.
WHEREAS, 14 customers have applied for
extensions to their existing Economic Development Power contracts;
M. Fortunoff,
Adecco, Inc., Melville
-
Administrators for
the Professions, Manhasset -
Air
Industries, Bay Shore -
Diemolding
Corporation, Canastota -
Griffiss Local
Development Corp.,
Owl Wire &
Cable, Inc., Canastota -
Specialized
Packaging Radisson, Inc., Baldwinsville -
Syracuse China
Company,
Syroco, Inc., Baldwinsville
-
Anchor Glass
Container Corporation,
Racemark
International, Inc.,
The
Gunlocke Company, Wayland -
Aluf Plastics,
Inc., Orangeburg -
NOW THEREFORE BE IT RESOLVED, That the
Board hereby finds and determines that such applications meet the requirements
of Section 184 of the Economic Development Law; and be it further
RESOLVED, That the Board hereby recommends to the Power Authority of
the State of New York the total allocation of 27,773 kW to extend the existing
contract of the business listed on Exhibit “5-A” to June 30, 2007, and that the
terms set forth on such Exhibit “5-A” be incorporated into the Authority’s
contract for Economic Development Power.
6. Economic
Development Programs - Energy Cost Savings Benefits
SUMMARY
The Members of the Economic Development Power Allocation Board (Power Allocation Board) are requested to recommend approval of Energy Cost Savings Benefits for 32 companies as listed in Exhibit “6-A.”
BACKGROUND
Chapter 313 of the Laws of 2005 was signed into law by Governor George E. Pataki on July 26, 2005. The new law allowed certain Authority power program customers that would be exposed to bill increases as a result of higher market prices before December 31, 2006 to apply for an Energy Cost Savings Benefit. Under this law, businesses eligible to receive Energy Cost Savings Benefits are limited to Authority customers currently supplied power under the Economic Development Power, Municipal Distribution Agency and High Load Factor programs. The Energy Cost Savings Benefit was available for the period November 1, 2005 through December 31, 2006. In 2006, a new law (Chapter 645 of the Laws of 2006) included provisions extending these benefits until June 30, 2007.
DISCUSSION
The 32 organizations listed in
Exhibit “6-A” have agreed to retain more than 14,000 jobs in
FISCAL INFORMATION
Funding of Energy Cost Savings Benefits for the all the companies participating in the program is not expected to exceed $5,000,000.
RECOMMENDATION
The Power Allocation Board is requested to recommend that the Authority’s Trustees approve Energy Cost Savings Benefits to the 32 businesses listed in Exhibit “6-A.”
Mr. Pasquale presented the highlights of
staff’s recommendations to the Board. In
response to a question from Mr. McGarry, Chairman McCullough said that the
Authority has been reviewing the other provisions of the recently passed
legislation since it was signed. He said
that the Authority has serious concerns about how such provisions may affect
its bondholders and bond ratings, as well as the financial impact in relation
to the Authority’s budget going forward.
After staff has completed its analysis, a presentation will be made to
the Authority’s Trustees, hopefully by the November Trustees’ Meeting. Mr. Kelly added that there are constitutional
issues to be addressed with regard to these provisions of the legislation, as
well as the Authority’s covenants with its bondholders. Chairman McCullough promised to keep the
other EDPAB members in the loop as the process moves forward.
Following consideration of such applications, the Members of the Board present voted unanimously to adopt the following resolution:
NOW THEREFORE BE IT RESOLVED, That the
Board hereby finds and determines that such applications meet the requirements
of the energy cost savings benefits under the Power for Jobs legislation
contained in Article 6 of the Economic Development Law as amended by Chapter
645 of the Laws of 2006; and be it further
RESOLVED, That the
Board recommends to the Power Authority of the State of New York the 32
applications for energy cost savings benefits discussed herein totaling 59,373
kW until June 30, 2007.
7. Transfers
of Industrial Power
The proposed transferees are as follows:
Beaverite Corporation, a leading manufacturer of die cut solutions
for various industrial and commercial applications and is located in
Snyder Industries, Inc., a contracted supplier of machined
components for the mining and other heavy equipment industries, is located in
Stella D’oro Biscuit Co., Inc. is a commercial bake goods company
operated as a division of Kraft Foods in the Bronx,
Stellex Monitor Aerospace Corp. (‘Stellex’), located in
It is recommended that the Power Allocation Board approve the name and or location changes detailed above.
Following consideration of such recommendations, the Members of the Board present voted unanimously to adopt the following resolution:
RESOLVED, That the
members of the Economic Development Power Allocation Board hereby approve name
changes to the four companies as described in the above memorandum to the
Board.
8. Next Meeting
Chairman
McCullough said that the date for November’s EDPAB meeting would be selected
soon and that the EDPAB members would be informed as soon as possible. In response to a question from Mr. Corbett,
Chairman McCullough said that the Authority does not anticipate any changes in
the immediate future as a result of the upcoming change in administration.