ECONOMIC DEVELOPMENT POWER

ALLOCATION BOARD

MINUTES

April 28, 2006

Video Conference – 9:00 a.m.

New York Power Authority Offices:

123 Main Street, 16^th Floor, White Plains, NY

30 South Pearl Street, 10^th Floor, Albany, NY

Niagara Power Project, 5777 Lewiston Road, Lewiston, NY

Empire State Development Corporation, 633 Third Avenue, New York, NY

1. Approval of the Minutes of the Meeting of March 27, 2006

2. Power for Jobs Extended Benefits

Recommendations for Contract Extensions

A. Company Not in Job Compliance

Long Island Power Authority - Service Territory

Ademco

Syosset – Nassau County

3. Power for Jobs Extended Benefits Recommendations

for Electricity Savings Reimbursements

A. Companies in Job Compliance

Con Edison – Service Territory
Bank of New York New York – New York County Charmer Industries Astoria – Queens County Columbia University – Trustees New York – New York County Edison Price Lighting, Inc. Long Island City – Queens County Greater Jamaica Development Corp. Jamaica – Queens County	Long Island Jewish Medical Center Manhasset – Nassau County New York Presbyterian Hospital New York – New York County New York University New York – New York County S. R. Guggenheim Museum New York – New York County
National Grid – Service Territory
Borg Warner Morse Tech Corp Cortland – Cortland County Clarkson University Potsdam – St. Lawrence County General Electric Plastics Selkirk – Albany County Intertek Testing Services Cortland – Cortland County Lewis County General Hospital Lowville – Lewis County Mohawk Paper Mills Cohoes – Albany County		Natrium Products, Inc. Cortland – Cortland County OAB Holdings, Inc Buffalo – Erie County Organichem, Inc. Rensselaer – Rensselaer County Queensboro Farm Products, Inc. Canastota – Madison County Robison & Smith, Inc. Gloversville – Fulton County Vicks Lithograph & Printing Yorkville – Oneida County
New York State Electric & Gas – Service Territory
Agri-Mark, Inc. Chateaugay – Franklin County Borg Warner Automotive Morse TEC Ithaca – Tompkins County		Merritt Plywood Machinery, Inc. Lockport – Niagara County Soucy USA Champlain – Clinton County

B. Companies Not in Job Compliance

Con Edison – Service Territory
Norampac New York City, Inc. Maspeth – Queens County
Long Island Power Authority – Service Territory
Augros, Inc. Ronkonkoma – Suffolk County
National Grid – Service Territory
Applied Energy Solutions (CEN Electronics) Caledonia – Livingston County Dodge-Graphic Press Inc. Utica – Herkimer County Specialized Packaging Radisson, Inc. Baldwinsville – Onondaga County	Standard Manufacturing Co., Inc. Troy – Rensselaer County Syracuse Plastics, Inc. Liverpool – Onondaga County
New York State Electric & Gas – Service Territory
Audio Sears Stamford – Delaware County	Custom Electronics, Inc. Oneonta – Otsego County
Orange & Rockland – Service Territory
International Business Machines – Sterling Forest Poughkeepsie – Orange County
Rochester Gas & Electric – Service Territory
International Business Machines – Rochester Rochester – Monroe County

4. Power for Jobs Extended Benefits Reconsideration

A. Contract Extensions

Jamestown Advanced Products, Inc. Jamestown Losquadro Ice Company Brooklyn

Morgood Tools, Inc. Rochester The Beeches of Rome, Inc. Rome

B. Benefits to Remain at Reduced Amount

Oehler Industries

Buffalo

5. Next Meeting

A regular meeting of the Economic Development Power Allocation Board was held via video conference at the following participating locations:

1) New York Power Authority, 30 South Pearl Street, Albany NY

2) New York Power Authority, 123 Main Street, White Plains, NY

3) Niagara Power Project, 5777 Lewiston Road, Lewiston, NY

4) Empire State Development Corporation. 633 Third Avenue, New York, NY

The following Members of the Board were present at the following locations:

Frank S. McCullough, Jr., Chairman (White Plains, NY)

Bernard P. McGarry, Member (Albany, NY)

James A. Duncan, Member, (Lewiston, NY)

Kevin S. Corbett, Member (New York, NY)

Also in attendance were:

Timothy S. Carey President and Chief Executive Officer, NYPA

Thomas J. Kelly Executive Vice President and General Counsel, NYPA

David E. Blabey Executive Vice President and Special Counsel to the Chairman

Louise M. Morman Senior Vice President – Marketing, Economic Development
and Supply Planning, NYPA

Angela D. Graves Deputy Secretary, NYPA

James H. Yates Vice President – Major Account Marketing and Economic Development, NYPA

John B. Hamor Executive Director – State Governmental Relations, NYPA

James F. Pasquale Director – Business Power Allocations, Regulation and Billing, NYPA

Anthony C. Savino Manager – Business Power Allocations and Compliance, NYPA

Niko Ladopoulos Legislative Liaison – Public and Governmental Affairs, NYPA

Anne B. Cahill Principal Attorney I, NYPA

Mary Jean Frank Associate Secretary, NYPA

Lorna M. Johnson Assistant Secretary, NYPA

Jeffrey Carey Special Assistant to the President and Chief Executive Officer, NYPA

1. Adoption of Minutes

The minutes of the meeting of March 27, 2006, were unanimously adopted.

2. Power for Jobs Extended Benefits

Recommendation for Contract Extension

The members of the Board considered one application for extended benefits recommendation for a contract extension for one company not in job compliance listed below for Power for Jobs. Mr. Pasquale explained that some 441 jobs would be impacted. See Exhibit “2-A.”

The following resolution was unanimously adopted by members of the Board present.

WHEREAS, the following entity has applied for extended benefits recommendations for a contract extension under the Power for Jobs program:

COMPANY NOT IN JOB COMPLIANCE

Long Island Power Authority – Service Territory:

Ademco
Syosset – Nassau County

NOW THEREFORE BE IT RESOLVED, That the Board hereby finds and determines that such application meets the requirements of the Power for Jobs legislation contained in Chapter 316 of the Laws of 1997; Chapter 386 of the Laws of 1998; Chapter 63 of the Laws of 2000; Chapter 226 of the Laws of 2002; Chapter 59 of the Laws of 2004; and Chapter 313 of the Laws of 2005, would advance the public policy set forth in Section 189(i) of the Economic Development Law to provide effective incentives to promote economic development, maintain and develop jobs, and encourage new capital investment throughout New York State; and be it further

RESOLVED, That the Board recommends to the Power Authority of the State of New York the application for extended benefits recommendation for a contract extension discussed herein totaling
650 kW until December 31, 2006.

3. Power for Jobs Extended Benefits Recommendations
for Electricity Savings Reimbursements                      

The members of the Board reconsidered the 36 applications for full or partial reinstatement of extended benefits recommendations for contract extensions listed below for Power for Jobs. Mr. Pasquale explained that some 46,246 jobs would be impacted. See Exhibits “3-A” and “3-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 – Service Territory
Bank of New York New York – New York County Charmer Industries Astoria – Queens County Columbia University – Trustees New York – New York County Edison Price Lighting, Inc. Long Island City – Queens County Greater Jamaica Development Corp. Jamaica – Queens County	Long Island Jewish Medical Center Manhasset – Nassau County New York Presbyterian Hospital New York – New York County New York University New York – New York County S. R. Guggenheim Museum New York – New York County
National Grid – Service Territory
Borg Warner Morse Tech Corp Cortland – Cortland County Clarkson University Potsdam – St. Lawrence County General Electric Plastics Selkirk – Albany County Intertek Testing Services Cortland – Cortland County Lewis County General Hospital Lowville – Lewis County Mohawk Paper Mills Cohoes – Albany County		Natrium Products, Inc. Cortland – Cortland County OAB Holdings, Inc Buffalo – Erie County Organichem, Inc. Rensselaer – Rensselaer County Queensboro Farm Products, Inc. Canastota – Madison County Robison & Smith, Inc. Gloversville – Fulton County Vicks Lithograph & Printing Yorkville – Oneida County
New York State Electric & Gas – Service Territory
Agri-Mark, Inc. Chateaugay – Franklin County Borg Warner Automotive Morse TEC Ithaca – Tompkins County		Merritt Plywood Machinery, Inc. Lockport – Niagara County Soucy USA Champlain – Clinton County

COMPANIES NOT IN JOB COMPLIANCE

Con Edison – Service Territory
Norampac New York City, Inc. Maspeth – Queens County
Long Island Power Authority – Service Territory
Augros, Inc. Ronkonkoma – Suffolk County
National Grid – Service Territory
Applied Energy Solutions (CEN Electronics) Caledonia – Livingston County Dodge-Graphic Press Inc. Utica – Herkimer County Specialized Packaging Radisson, Inc. Baldwinsville – Onondaga County	Standard Manufacturing Co., Inc. Troy – Rensselaer County Syracuse Plastics, Inc. Liverpool – Onondaga County
New York State Electric & Gas – Service Territory
Audio Sears Stamford – Delaware County	Custom Electronics, Inc. Oneonta – Otsego County
Orange & Rockland – Service Territory
International Business Machines – Sterling Forest Poughkeepsie – Orange County
Rochester Gas & Electric – Service Territory
International Business Machines – Rochester Rochester – Monroe County

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 36 applications for extended benefits recommendations for electricity savings reimbursements discussed herein totaling 44,199 kW until December 31, 2006.

4. Power for Jobs Extended Benefits Reconsideration

The members of the Board considered the four applications for full or partial reconsideration for contract extensions, and one application for benefits to remain at reduced amount listed below for Power for Jobs. Mr. Pasquale explained that some 237 jobs would be impacted. See Exhibits “4-A,” and “4-B.”

The following resolution was unanimously adopted by members of the Board present.

WHEREAS, the following entities have applied for reconsideration for full or partial reinstatement under the Power for Jobs program:

CONTRACT EXTENSIONS
Jamestown Advanced Products, Inc. Jamestown Losquadro Ice Company Brooklyn	Morgood Tools, Inc. Rochester The Beeches of Rome Rome
BENEFITS TO REMAIN AT REDUCTED AMOUNT
Oehler Industries Buffalo

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 four applications for full or partial reconsideration for contract extensions and one application for benefits to remain at reduced amount discussed herein totaling 1,155 kW until December 31, 2006.

5. Next Meeting

The next meeting of the Board is to be determined.

4-06MINS