NYPA Board Approves Low-Cost
Niagara Allocation For Western New York Company
June 28, 2005
FOR IMMEDIATE RELEASE
WHITE PLAINS—Low-cost hydropower will help support
nine new jobs and a capital investment of over $350,000 at Surmet
Ceramics Corporation in Buffalo.
The New York Power Authority (NYPA) Trustees Tuesday
approved an allocation of 900 kilowatts (kw) from NYPA’s Niagara Power
Project to this Western New York manufacturer of advanced materials and
coatings. The power will come from a block of 445,000 kilowatts known as
replacement power, which helps support more than 43,000 jobs at over 100
companies in the region together with a second, smaller block of Niagara
Power called expansion power (250,000 kw).
The Western New York Advisory Group, consisting of
NYPA, Niagara Mohawk, the Empire State Development Corp., and the
Buffalo Niagara Enterprise, recommends the new allocations of
hydropower. In late 2003, the members of the group signed a Memorandum
of Understanding for allocations of available Niagara power on a
Since the agreement, the Power Authority has made
allocations to a total of 34 Western New York companies, including this
allocation to Surmet Ceramics, approved at the trustee’s monthly
Surmet Ceramics is planning to create nine new
positions as it purchases and refurbishes equipment to increase its
manufacturing capabilities, in return for this lower-cost power. The
company also plans to install a high-temperature heat-treatment
furnace. In addition, it will be refurbishing manufacturing space
throughout its plant.
Surmet manufactures advanced materials and coatings
for Fortune 500 firms, technology-based enterprises and U.S. government
agencies. Its products are used in the semiconductor equipment,
biomedical, aerospace and defense industries.
The 2,400,000-kw Niagara Project, in Lewiston, about
five miles downstream from Niagara Falls, is one of the largest
generating plants in the country. It provides some of New York State’s
lowest cost power, along with a second NYPA hydroelectric project, the
St. Lawrence-Franklin D. Roosevelt Project in Massena.