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Power Authority Will Make Payment
to Buffalo Niagara Riverkeeper
Contact:
Paul DeMichele
914-390-8186
paul.demichele@nypa.gov
November 21, 2007
FOR
IMMEDIATE RELEASE
LEWISTON—The New York Power Authority (NYPA) will
make a payment of $485,389 to the Buffalo Niagara Riverkeeper as
part of a settlement agreement related to NYPA’s receipt of a new
50-year federal license for the Niagara Power Project.
The funds will be used by the local environmental
organization to hire staff and assist NYPA with the implementation
of habitat improvement projects in the area of the Niagara River
Basin.
“The Niagara River is a major environmental,
economic and recreational asset of Western New York,” Roger B.
Kelley, NYPA president and chief executive officer, said. “We
commend the work of the Buffalo Niagara Riverkeeper in protecting
this vital resource and are pleased to support these efforts.”
“We are grateful to receive this financial support
from NYPA,” said Julie O’Neill, who serves as executive director and
riverkeeper with Buffalo Niagara Riverkeeper. “The funds will help
to ensure the ecological health of the Niagara River and its
tributaries—our local Great Lakes ecosystem.”
The Buffalo Niagara Riverkeeper was established to
protect and enhance the natural and historical environments of the
Niagara River Basin and the surrounding areas for the benefit of the
local community.
The one-time payment is part of the financial
support and other benefits that NYPA will provide in Western New
York over the term of the Niagara project’s new license under
various settlement agreements.
The Buffalo Niagara Riverkeeper will use the funds
in its role as a member of the Ecological Standing Committee, a
group of federal, tribal, state and non-profit representatives,
which will oversee the development of local habitat improvement
projects. The organization is also a member of the Ecological
Greenway Fund Standing Committee, one of the four standing greenway
committees that will receive a total of $9 million annually over the
license term to support the creation and maintenance of the 35-mile
Niagara River Greenway from Buffalo to Youngstown.
About NYPA:
■ 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.
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