Power Authority Hydropower to Create 36 Jobs At Two Precision Machining
Companies In Western New York
December 14, 2004
ALBANY—The New York Power Authority (NYPA) Board of
Trustees Tuesday approved low-cost hydropower allocations to two Western
New York manufacturers of precision-machined components in return for
commitments to create a total of 36 new jobs.
Curtis Screw Co. of Buffalo and PCB Now-Tech of
Lackawanna will receive allocations from the Power Authority’s Niagara
Power Project in support of plans to expand their manufacturing capacity
and work forces.
“The allocations to Curtis Screw and PCB Now-Tech
are a direct result of a collaborative effort led by Governor George E.
Pataki for maximizing the potential of this great hydroelectric project
to create jobs on the Niagara Frontier,” said Louis P. Ciminelli, NYPA
chairman. “The allocations to these two manufacturers show this effort,
involving businesses, utilities and economic development organizations,
Ciminelli noted that the allocations will come from
a block of 445,000 kilowatts (kw) of Niagara power, called replacement
power, that is reserved for manufacturers within a 30-mile radius of the
project. (It combines with a second block of Niagara power, known as
expansion power, for a total of more than 43,000 jobs at more than 100
Western New York companies receiving allocations.)
Curtis Screw, which manufactures components and
assemblies for the automotive industry, will receive 1,450 kilowatts (kw)
in return for adding 16 more jobs to its current work force of 260.
The company, which also has facilities in
Connecticut and North Carolina, was founded in Buffalo in 1905. It’s
planning to acquire at least 11 new machines and ancillary equipment, at
a cost of $3.5 million, to facilitate its production of power steering
racks for the Ford 150 (full-sized truck) and Ford Expedition and
Lincoln Navigator SUVs.
The availability of the replacement power was a key
factor in Curtis Screw’s decision to manufacture the racks in Buffalo
instead of North Carolina.
PCB Now-Tech is slated for 200 kw of hydropower, for
adding 20 jobs to its existing Lackawanna work force of 60. New
equipment will increase the facility’s capacity for manufacture of
machined components for the medical, aerospace and defense industries.
The Western New York Advisory Group, consisting of
the Power Authority, Niagara Mohawk, Empire State Development Corp. and
the Buffalo Niagara Enterprise, recommended the allocations for Curtis
Screw and PCB Now-Tech. Late last year, the members of the group signed
a Memorandum of Understanding for allocations of available Niagara power
on a continuous basis to maximize the economic development benefits of
the Niagara Project.
Since the agreement, the Power Authority has made
allocations from the project to a total of 23 Western New York
companies, including the latest two.
The 2,400,000-kw Niagara Project, which first
produced power in 1961, is the biggest electricity producer in New York
State. It provides some of the lowest cost power available, along with a
second NYPA hydroelectric facility, the St. Lawrence-Franklin D.