NYPA to Hold June 4 Hearing in
Syracuse on Hydropower Supply Contracts With Upstate Utilities
May 27, 2008
FOR IMMEDIATE RELEASE
WHITE PLAINS—The New York Power Authority (NYPA)
will hold a public hearing in Syracuse on Wednesday, June 4, at
10:30 a.m. on proposed contract extensions for sale of hydropower
from the Authority’s Niagara and St. Lawrence-Franklin D. Roosevelt
Power Projects to National Grid, New York State Electric and Gas,
and Rochester Gas and Electric for their residential customers.
The NYPA Trustees previously authorized the
hearing, which will be held at Syracuse City Hall, 233 East
Washington St., in the Common Council Chamber.
The current contracts with the three upstate
utilities expire June 30. The extensions would continue the sale of
455 megawatts (mw) of firm power and 360 mw of firm peaking power
through 2009. Firm power is defined as power available at all times,
while firm peaking power is generation to satisfy demand for
electricity during hours of greatest usage.
As with the existing contracts, the 18-month
extensions would be subject to early termination by the Power
Authority on 30 days’ written notice.
The proposed agreements and a public hearing notice
are viewable on NYPA’s website at
www.nypa.gov by clicking onto the
link “Public Hearing on June 4.”
■ 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