ECONOMIC DEVELOPMENT POWER

ALLOCATION BOARD

 

MINUTES

 

November 27, 2007

Video Conference – 10:00 a.m.

 

                                                New York Power Authority Offices:
                                                                123 Main Street, 16th Floor, White Plains, NY
                                                                30 South Pearl Street, 10th Floor, Albany, NY
                                                                Niagara Power Project, 5777 Lewiston Road, Lewiston, NY
                                                DMJM Harris, 605 Third Avenue, New York, NY

 

 

1.             Approval of the Minutes of the Meeting of October 30, 2007

 

2.             Power for Jobs Extended Benefits Recommendations

                for Electricity Savings Reimbursements                          

 

A.         COMPANIES IN JOB COMPLIANCE

 

AT&T

White Plains – Westchester County

 

Charmer Industries, Inc

Astoria – Queens County

 

Display Producers, Inc

Bronx – Bronx County

 

Greater Jamaica Development Corp.

Jamaica – Queens County

 

Marymount College      

Tarrytown - Westchester County

 

Memorial Sloan-Kettering Cancer Center

New York – New York County

 

Mount Sinai Medical Center

New York – New York County

 

Norampac New York City, Inc.

Maspeth - Queens County

 

Pepsi Cola Bottling Company

College Point - Queens County

 

Streamline Plastics Co., Inc.

Bronx – Bronx County

 

The Museum of Modern Art

New York – New York County

 

Long Island Power Authority - Service Territory

 

Ametek Hughes-Treitler

Garden City – Suffolk County

 

Long Beach Medical Center

Long Beach – Nassau County

 


 

National Grid - Service Territory

               

Applied Energy Solutions

Caledonia – Livingston County

 

Bristol-Myers Squibb Company

East Syracuse – Onondaga County

 

Carville National Leather Corp.

Johnstown – Fulton County

 

Cascades Tissue Group

Waterford – Saratoga County

 

Clarkson University

Potsdam – St. Lawrence County

 

Corning, Inc

Canton - St. Lawrence County

 

CWM Chemical Services, LLC

Model City – Niagara County

 

Edward John Noble Hospital

Gouverneur - St. Lawrence County

 

Fiber Glass Industries Inc

Amsterdam - Montgomery County

 

Fitzpatrick & Weller, Inc.

Ellicottville - Cattaraugus County

 

Ford Motor Company

Buffalo – Erie County

 

Mohawk Paper Mills

Cohoes – Albany County

 

Precision Systems Mfg., Inc.

Liverpool - Onondaga County

 

Quad Graphics, Inc.

Saratoga Springs – Saratoga County

 

Revere Copper Products

Rome – Oneida County

 

Robison & Smith, Inc.

Gloversville – Fulton County

 

Snyder Industries, Inc.

North Tonawanda – Niagara County

 

Syracuse Label Co. Inc.

Liverpool – Onondaga County

 

 New York State Electric and Gas – Service Territory

 

A.T. Reynolds & Sons, Inc.

Kiamesha Lake – Sullivan County

 

Audio Sears

Stamford – Delaware County

 

Borg Warner Automotive Morse TEC

Ithaca – Tompkins County

 

Consumers Beverages, Inc.

Buffalo – Erie County

 

Corning, Inc. (Erwin Plant)

Corning – Steuben County

Corning, Inc. (Costar Plant)

Oneonta – Otsego County

 

Corning, Inc. (Northside)

Corning – Steuben County

 

Corning, Inc. (Southside)

Corning – Steuben County

 

Corning, Inc. (Sullivan Park)

Corning – Steuben County

 

Endicott Interconnect Technologies

Endicott – Broome County

 

 

Rochester Gas & Electric – Service Territory

 

Flower City Printing, Inc.

Rochester – Monroe County

 

 

        3.     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)       DMJM Harris, 605 Third Avenue, New York, NY

4)       Fort Myers Interactive Video Center, 1408 Bayview Court, Fort Myers, FL

 

 

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, (Fort Myers, FL)

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

 

 

Also in attendance were:

 

Roger B. Kelley                                    President and Chief Executive Office

Gil C. Quiniones                                   Executive Vice President – Energy Marketing and Corporate Affairs

 

James H. Yates                                     Senior Vice President, Marketing and Economic Development, NYPA

Thomas Warmath                                Vice President and Chief Risk Officer

 

Anne B. Cahill                                      Corporate Secretary, NYPA

Joseph C. Carline                                 Assistant General Counsel, NYPA

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

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

Michael A. Saltzman                            Director – Media Relations, NYPA

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

Angela Graves                                      Deputy Corporate Secretary, NYPA

Mary Jean Frank                                  Associate Corporate Secretary, NYPA

Lorna M. Johnson                               Assistant Corporate Secretary, NYPA

Lou Paonessa                                       Community Relations Manager, NYPA

Mike Lefebvre                                      Energy Policy, ESDC

 


 

1.                    Adoption of Minutes

The minutes of the meeting of October 30, 2007, were unanimously adopted.


 

 

2.             Power for Jobs Program - Extended Benefits

 

SUMMARY

 

The Members of the Economic Development Power Allocation Board (“EDPAB”) are requested to approve extended benefits for 42 Power for Jobs (“PFJ”) customers as listed in Exhibit “A.” 

 

BACKGROUND

 

                In July 1997, the New York State Legislature approved a program to provide low-cost power to businesses and not-for-profit corporations that agree to retain or create jobs in New York State.  In return for commitments to create or retain jobs, successful applicants receive three-year contracts for PFJ electricity.

 

The PFJ program originally made 400 megawatts (“MW”) of power available.  The program was to be phased in over three years, with approximately 133 MW made available each year.  In July 1998, as a result of the initial success of the program, the Legislature amended the PFJ statute to accelerate the distribution of the power and increase the size of the program to 450 MW.

 

                In May 2000, legislation was enacted that authorized another 300 MW of power to be allocated under the PFJ program.  Legislation further amended the program in July 2002.

 

                Chapter 59 of the Laws of 2004 extended the benefits for PFJ customers whose contracts expired before the end of the program in 2005.  Such customers had to choose to receive an “electricity savings reimbursement” rebate and/or a power contract extension.  The Authority was also authorized to voluntarily fund the rebates, if deemed feasible and advisable by the Trustees.

 

PFJ customers whose contracts expired on or prior to November 30, 2004 were eligible for a rebate to the extent funded by the Authority from the date their contracts expired through December 31, 2005. 

 

PFJ customers whose contracts expired after November 30, 2004 were eligible for rebate or contract extension, assuming funding by the Authority, from the date their contracts expired through December 31, 2005.

 

Approved contract extensions entitled customers to receive the power from the Authority pursuant to a sale-for-resale agreement with the customers’ local utility.  Separate allocation contracts between customers and the Authority contained job commitments enforceable by the Authority.

 

In 2005, provisions of the approved State budget extended the period PFJ customers could receive benefits until December 31, 2006.  Chapter 645 of the Laws of 2006 included provisions extending program benefits until June 30, 2007.  In 2007, a new law (Chapter 89 of the Laws of 2007) included provisions extending program benefits until June 30, 2008.

 

At its meeting of October 18, 2005, EDPAB approved criteria under which applicants whose extended benefits EDPAB had reduced for non-compliance with their job commitments could apply to have their PFJ benefits reinstated in whole or in part.  EDPAB authorized staff to create a short-form application, notify customers of the process, send customers the application and evaluate reconsideration requests based on the approved criteria. 

 

DISCUSSION

 

EDPAB is requested to recommend that the Authority’s Trustees approve electricity savings reimbursement rebates to the 42 PFJ customers, all of which are meeting their current job commitment, that are listed in Exhibit “A.”  Collectively, these organizations have agreed to retain more than 42,000 jobs in New York State in exchange for rebates.  The rebate program will be in effect until June 30, 2008, the program’s sunset.

 

 

 

RECOMMENDATION

 

It is requested that the Economic Development Power Allocation Board recommend that the Authority’s Trustees approve the payment of electricity savings reimbursements to the 42 businesses listed in Exhibit “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:

COMPANIES IN JOB COMPLIANCE

Con Edison - Service Territory

 

AT&T

White Plains – Westchester County

 

Charmer Industries, Inc

Astoria – Queens County

 

Display Producers, Inc

Bronx – Bronx County

 

Greater Jamaica Development Corp.

Jamaica – Queens County

 

Marymount College      

Tarrytown - Westchester County

 

Memorial Sloan-Kettering Cancer Center

New York – New York County

 

Mount Sinai Medical Center

New York – New York County

 

Norampac New York City, Inc.

Maspeth - Queens County

 

Pepsi Cola Bottling Company

College Point - Queens County

 

Streamline Plastics Co., Inc.

Bronx – Bronx County

 

The Museum of Modern Art

New York – New York County

 

 

 

Long Island Power Authority - Service Territory

 

Ametek Hughes-Treitler

Garden City – Suffolk County

 

Long Beach Medical Center

Long Beach – Nassau County


 

 

 

National Grid – Service Territory

 

Applied Energy Solutions

Caledonia – Livingston County

 

Bristol-Myers Squibb Company

East Syracuse – Onondaga County

 

Carville National Leather Corp.

Johnstown – Fulton County

 

Cascades Tissue Group

Waterford – Saratoga County

 

Clarkson University

Potsdam – St. Lawrence County

 

Corning, Inc

Canton - St. Lawrence County

 

CWM Chemical Services, LLC

Model City – Niagara County

 

Edward John Noble Hospital

Gouverneur - St. Lawrence County

 

Fiber Glass Industries Inc

Amsterdam - Montgomery County

 

Fitzpatrick & Weller, Inc.

Ellicottville - Cattaraugus County

 

Ford Motor Company

Buffalo – Erie County

 

Mohawk Paper Mills

Cohoes – Albany County

 

Precision Systems Mfg., Inc.

Liverpool - Onondaga County

 

Quad Graphics, Inc.

Saratoga Springs – Saratoga County

 

Revere Copper Products

Rome – Oneida County

 

Robison & Smith, Inc.

Gloversville – Fulton County

 

Snyder Industries, Inc.

North Tonawanda – Niagara County

 

Syracuse Label Co. Inc.

Liverpool – Onondaga County

 

 

 

                New York State Electric and Gas – Service Territory

 

A.T. Reynolds & Sons, Inc.

Kiamesha Lake – Sullivan County

 

Audio Sears

Stamford – Delaware County

 

Borg Warner Automotive Morse TEC

Ithaca – Tompkins County

 

Consumers Beverages, Inc.

Buffalo – Erie County

 

Corning, Inc. (Erwin Plant)

Corning – Steuben County

Corning, Inc. (Costar Plant)

Oneonta – Otsego County

 

Corning, Inc. (Northside)

Corning – Steuben County

 

Corning, Inc. (Southside)

Corning – Steuben County

 

Corning, Inc. (Sullivan Park)

Corning – Steuben County

 

Endicott Interconnect Technologies

Endicott – Broome County

 

 

Rochester Gas & Electric – Service Territory

 

Flower City Printing, Inc.

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 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 42 applications for extended benefits recommendations for electricity savings reimbursements discussed herein totaling 58.289 kW until June 30, 2008.

 

 


 


 

3.       Next Meeting

 

                The next meeting of the Board is to be determined.