ECONOMIC DEVELOPMENT POWER ALLOCATION BOARD

 

MINUTES

 

September 24, 2013

Via Videoconference from

Niagara Power Project Power Vista (Visitor’s Center), Lewiston, N.Y.

 

 

 

                        New York Power Authority Offices:                                               

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

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

                                          Niagara Power Project Power Vista, (Visitor’s Center), Lewiston, NY

                                                               

                       

 

 

 

 

                                               

1.                Approval of the September 24, 2013 Proposed Meeting Agenda

2.                Approval of the Minutes of the Meeting of July 22, 2013

3.                Recharge New York Power Program

OTHER BUSINESS

4.                Next Meeting

 

 

 


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

 

1)       New York Power Authority, 5777 Lewiston Road, Lewiston, NY

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

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

 

 

The following Members of the Board were present:

Samuel Hoyt, Chairman

Eugene L. Nicandri, Member

Bernard P. McGarry, Member

 

Robert B. Catell, Member (Excused)

 

 

Also in attendance were:

 

James F. Pasquale               Senior Vice President – Economic Development & Energy Efficiency, NYPA

Karen Delince                       Corporate Secretary, NYPA

Michael Huvane                  Vice President Marketing, Marketing & Economic Development, NYPA

Timothy Muldoon               Manager – Business Power Allocations and Compliance, NYPA

 

Emily Alkiewicz                   Business Power Allocations & Compliance, Analyst II, NYPA

 

Gary Schmid                        Manager, Network Services, NYPA

 

Glenn Martinez                    Senior Network Analyst, NYPA

 

Lorna Johnson                     Associate Secretary, NYPA

Sheila Baughman                                Assistant Secretary, NYPA

 

 

 


Chairman Hoyt welcomed the Economic Development Power Allocation Board members, Authority Chairman, John Koelmel, and staff to the meeting.  He said the meeting had been duly noticed as required by the Open Meetings Law and called the meeting to order pursuant to the EDPAB Bylaws, Article III, and Section 2.

 

 

1.             Adoption of the Proposed Meeting Agenda

Chairman Hoyt asked if any member had a conflict of interest based on the list of companies which was provided by Authority staff. 

Upon motion made and seconded, the Agenda for the September 24, 2013 meeting was approved.


 

2.             Adoption of the Minutes

 

Upon motion made and seconded, the Minutes of the Meeting held on July 22, 2013 were approved.


3.             Transfer of Recharge New York Power Allocations

 

SUMMARY

 

               

The Economic Development Power Allocation Board (“EDPAB” or “Board”) is requested to approve and recommend that the New York Power Authority (“Authority”) Trustees (“Trustees”) authorize the transfer of Recharge New York (“RNY”) Power allocations for two existing customers, ESCO Turbine Technologies Syracuse, and Syracuse Castings Sales Corporation, which have requested such transfers due to changes of corporate ownership.

 

BACKGROUND

 

This is an administrative item brought to the Board at regular intervals.  Both of the companies are requesting that the Board approve and recommend that the Trustees authorize a transfer of their existing power allocation to a new corporate entity.  The power allocation and/or benefits for these customers will continue to be delivered to the same location.  Both of the customers will continue to provide the same products and/or services as they did prior to the transfers.  The reasons for such transfer requests are described below.

 

                The Board has approved transfers of this nature at past meetings.

 

DISCUSSION

 

ESCO Turbine Technologies Syracuse (“ESCO”), with facilities located in Chittenango, Madison County, was recommended for, and awarded a 906 kW RNY Power allocation by EDPAB and the Authority’s Trustees at their meetings held on April 24, 2012.  Due to the sale of the company’s assets and liabilities, ESCO is now named Consolidated Precision Products Syracuse.  The company has requested that the allocation be transferred to a new corporate entity  named “Consolidated Precision Products Syracuse” and has indicated that the new entity will commit to honor all of the terms and conditions of the company’s existing RNY Power contract, including commitments related to jobs and capital investment.

 

Syracuse Castings Sales Corporation (“Syracuse Castings”), with facilities located in Cicero, Onondaga County, was recommended for, and awarded a 146 kW RNY Power allocation by EDPAB and the Authority’s Trustees at their meetings held on April 24, 2012.  Due to the sale of the company’s assets and liabilities, Syracuse Castings is now East Jordan Iron Works, Inc., d/b/a EJ USA, Inc.  The company has requested that the allocation be transferred to a new corporate entity named “East Jordan Iron Works, Inc.”  The Authority has not yet executed a contract with the customer as it awaits the formal transfer approval.  The Authority has been advised that the transferee will commit to honor all of the terms and conditions that pertain to the RNY Power allocation, including commitments related to jobs and capital investment.

 

RECOMMENDATION

 

                For the reasons stated above, it is requested that EDPAB approve and recommend that the Trustees authorize the transfer of the RNY Power allocations identified above.

 

Mr. Michael Huvane provided highlights of staff’s recommendation to the Board.  In response to a question from Chairman Hoyt, Mr. Huvane said this request will not set a precedent; the Board has approved transfers such as this in the past.  Also, the Authority’s power contracts are not assignable; therefore, whenever there is a change in corporate entity, EDPAB or the Board of Trustees has to approve the transfer of the contract to the new entity.

               

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

                                RESOLVED, That the Economic Development Power Allocation Board hereby approve and recommend that the Trustees authorize the transfer of the RNY Power allocations identified above. 

 

 

 

 


Other Business

 

No other business to report.


4.             Next Meeting

 

The next meeting of the Board will be held via videoconference on Tuesday, December 17, 2013 at 9:30 a.m.