ECONOMIC DEVELOPMENT POWER

ALLOCATION BOARD

MINUTES

May 23, 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

1. Approval of the Minutes of the Meeting of April 28, 2006

2. Power for Jobs Extended Benefits Recommendations

for Electricity Savings Reimbursements

A. Companies in Job Compliance

Con Edison – Service Territory
Charmer Industries Astoria – Queens County Jacmel Jewelry, Inc. Long Island City – Queens County	The Museum of Modern Art New York – New York County
Long Island Power Authority – Service Territory
Good Samaritan Hospital West Islip – Suffolk County		John T. Mather Memorial Hospital Port Jefferson – Suffolk County
National Grid – Service Territory
Bank of New York Oriskany – Oneida County Cascades Tissue Group Waterford – Saratoga County Clarkson University Potsdam – St. Lawrence County Corning, Inc. (Canton) Canton – St. Lawrence County Diemolding Corporation Canastota – Madison County Edward John Noble Hospital Gouverneur – St. Lawrence County Fiber Glass Industries Inc. Amsterdam – Herkimer County General Electric Plastics Selkirk – Albany County		Interface Solutions Fulton – Oswego County Intertek Testing Services Cortland – Cortland County Lewis County General Hospital Lowville – Lewis County Mohawk Paper Mills Cohoes – Albany County Nathan Littauer Hospital & Nursing Home Gloversville – Fulton County Queensboro Farm Products, Inc. – Canastota Canastota – Madison County Robison & Smith, Inc. Gloversville – Fulton County Sorrento Lactalis, Inc. Buffalo – Erie County
New York State Electric and Gas – Service Territory
Agri-Mark, Inc. Chateaugay – Franklin County		Merritt Plywood Machinery, Inc. Lockport – Niagara County

B. Companies Not in Job Compliance

Con Edison – Service Territory
American Indian Community House New York – New York County	International Business Machines – White Plains White Plains – Westchester County
National Grid – Service Territory
Cooper Hand Tools Cortland – Cortland County CWM Chemical Services, LLC Model City – Niagara County Dielectric Laboratories Cazenovia – Madison County Fitzpatrick & Weller, Inc. Ellicottville – Cattaraugus County Kilian Manufacturing Corporation Syracuse – Onondaga County Quad Graphics, Inc. Saratoga Springs – Saratoga County	Specialized Packaging Radisson, Inc. Baldwinsville – Onondaga County Standard Manufacturing Co., Inc. Troy – Rensselaer County Syroco, Inc. – A Subsidiary of Vassallo Industries Baldwinsville – Onondaga County Turbine Components Technologies Whitesboro – Oneida County Welch Allyn Data Collection Skaneateles Falls – Onondaga County
New York State Electric & Gas – Service Territory
A. T. Reynolds & Sons, Inc. Kiamesha Lake – Sullivan County	Vail Ballou Press, Inc. Binghamton – Broome County
Rochester Gas & Electric – Service Territory
International Business Machines – Rochester Rochester – Monroe County

3. Power for Jobs Extended Benefits Reconsideration

Contract Extension

Applied Energy Solutions (CEN Electric)

Caledonia

4. 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

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 (Excused)

Also in attendance were:

Timothy S. Carey President and Chief Executive Officer, NYPA

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

Joseph M. Del Sindaco Executive Vice President – Chief Financial Officer, NYPA

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

Anne B. Cahill Corporate Secretary, NYPA

Angela D. Graves Deputy Corporate Secretary, 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

Mary Jean Frank Associate Corporate Secretary, NYPA

Lorna M. Johnson Assistant Corporate Secretary, NYPA

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

1. Adoption of Minutes

The minutes of the meeting of April 28, 2006, were unanimously adopted.

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

The members of the Board reconsidered the 39 applications for extended benefits recommendations for electricity savings reimbursements listed below for Power for Jobs. Mr. Pasquale explained that some 20,947 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 – Service Territory
Charmer Industries Astoria – Queens County Jacmel Jewelry, Inc. Long Island City – Queens County	The Museum of Modern Art New York – New York County
Long Island Power Authority – Service Territory
Good Samaritan Hospital West Islip – Suffolk County		John T. Mather Memorial Hospital Port Jefferson – Suffolk County
National Grid – Service Territory
Bank of New York Oriskany – Oneida County Cascades Tissue Group Waterford – Saratoga County Clarkson University Potsdam – St. Lawrence County Corning, Inc. (Canton) Canton – St. Lawrence County Diemolding Corporation Canastota – Madison County Edward John Noble Hospital Gouverneur – St. Lawrence County Fiber Glass Industries Inc. Amsterdam – Herkimer County General Electric Plastics Selkirk – Albany County		Interface Solutions Fulton – Oswego County Intertek Testing Services Cortland – Cortland County Lewis County General Hospital Lowville – Lewis County Mohawk Paper Mills Cohoes – Albany County Nathan Littauer Hospital & Nursing Home Gloversville – Fulton County Queensboro Farm Products, Inc. – Canastota Canastota – Madison County Robison & Smith, Inc. Gloversville – Fulton County Sorrento Lactalis, Inc. Buffalo – Erie County
New York State Electric and Gas – Service Territory
Agri-Mark, Inc. Chateaugay – Franklin County		Merritt Plywood Machinery, Inc.