Town of Massena Electric
Department to Receive Additional Low-Cost Power for New Wood Pellet
Manufacturing Facility and 23 New Jobs
April 24, 2007
FOR IMMEDIATE RELEASE
WHITE PLAINS—Plans for a wood pellet manufacturing
facility at Massena Industrial Park and creation of 23 jobs got a
significant boost Tuesday with an allocation of power by the New
York Power Authority (NYPA) Trustees to the Massena Electric
Department (MED), including low-cost hydropower.
The NYPA board approved an allocation of 1,840
kilowatts (kw)—half of that hydropower—to the MED in anticipation of
the increased electric load from the new manufacturing facility
planned by Curran Renewable Energy, LLC.
“This is precisely the kind of economic development
we want to support for the areas served by municipal electric
systems and rural cooperatives around the state,” said Timothy S.
Carey, NYPA president and chief executive officer. “This low-cost
power will help make Curran Renewable’s proposed wood-pellet
manufacturing facility a reality, bringing new jobs and capital
investment to Massena.”
The Municipal Electric Utilities Association
Executive Committee supported the allocation to the MED, which, as a
partial-requirement customer of the Power Authority, has the option
to purchase the non-hydropower half of the allocation from either
NYPA or an alternate supplier.
NYPA will provide the allotted power under its
Industrial Economic Development Power (IEDP) Program, which reserves
108,000 kw for economic development for the state’s 51 munis and
coops. The hydropower portion, considered among the lowest cost
electricity in the country, is from the Power Authority’s Niagara
Power Project and is part of the large share of the facility’s
output mandated by federal law for the public power systems, and
provided for under contracts through 2025. With Tuesday’s action, a
total of 40,480 kw have been assigned under the IEDP program, which
is one of nine lower-cost power programs administered by NYPA that
together help to protect some 476,000 jobs across the state.
“The additional low-cost power for the Massena
Electric system is another key element in the coordinated efforts to
support Curran Renewable’s plans for the new wood-pellet
manufacturing facility,” said State Sen. Joseph A. Griffo. “The
action by the NYPA trustees further demonstrates the determination
of local and state governments to work with businesses to encourage
economic development in Northern New York. I want to thank Gov.
Elliot Spitzer and the Power Authority for their continued support
in this regard.”
The St. Lawrence County Industrial Development
Agency earlier agreed to issue up to $11 million in industrial
revenue bonds for the new manufacturing facility, to be located in
two buildings Curran Renewable is planning to purchase in the
industrial park. The company, which had considered locating in
Canada, is planning $10 million in capital expenditures for the
buildings, renovations and equipment.
“All the pieces of the puzzle are falling into
place for this new manufacturing facility, with the Power Authority
board’s action the latest example,” said Assemblyman Darrel J.
Aubertine. “The additional low-cost power for Massena Electric gives
Curran Renewable the assurance it needs for making a significant
contribution to our economy from this much anticipated facility.”
The new facility, which could be in operation by
year’s end, is expected to produce 100,000 tons of wood pellets
annually for wood stoves and other heating sources, for a growing
market in Northern New York.
The pellets will be manufactured from wood provided
by Seaway Timber Harvesting, a Massena company, on State Highway 37.
■ NYPA uses no tax money or
state credit. It finances its operations through the sale of
bonds and revenues earned in large part through sales of
electricity. ■ NYPA is a leader in promoting
energy-efficiency, new energy technologies and electric
transportation initiatives. ■ It is the
nation’s largest state-owned electric utility, with 18 generating
facilities in various parts of the state and more than 1,400
circuit-miles of transmission lines.
Return to Press Center