Review Of Power For
Jobs Recipients Shows Actual Employment Exceeds
November 27, 2001
FOR IMMEDIATE RELEASE
NEW YORK—A report prepared for trustees of the New York Power
Authority Tuesday revealed that more than 200 companies and not-for profit
organizations receiving electricity through the Power for Jobs program
collectively exceed their employment commitments by 8,396 positions.
"Ever since Governor Pataki first proposed the Power for Jobs
program, it has regularly exceeded the most optimistic goals we've set for
it," said Joseph J. Seymour, chairman and chief executive officer of
the Power Authority. "We conduct these quarterly audits to make sure
that those receiving the lower-cost power are actually providing the jobs
that they've promised. We have consistently found that the total number of
jobs far exceeds the promises."
The quarterly audit covers 202 companies that began receiving power
during the fourth quarters of 1998 and 1999 and the first quarters of
1998, 1999 and 2000. Of these, 17 were below the 90 percent threshold for
retaining full power allocations. After detailed examinations of the
companies, the staff recommended that the job commitment for one company
be reduced and the other 16 be unchanged because improved conditions
indicate that most, if not all, will meet commitments before the next
Six other customers did not report their job levels: one withdrew from
the program; four went out of business and one filed for chapter 11
bankruptcy. The staff recommended that these contracts be terminated.
The trustees approved all staff recommendations.