NEWS
Statement by Richard M. Kessel, President and Chief Executive Officer of the New york Power Authority, regarding the Extension of the Power for Jobs and Energy Costs Savings Benefit Programs
Contact:
Christine Pritchard
(518) 322-9143
Christine.Pritchard@nypa.gov
May 19, 2010
FOR IMMEDIATE RELEASE
"With the passage of legislation by the State Legislature for a two-week extension of the Power For Jobs (PFJ) and Energy Cost Savings Benefit (ECSB) programs and with an indication from the Governor's office that the Governor will sign it, NYPA has reactivated the programs. We will work with the companies that participate in the programs to make sure they receive the full benefits of PFJ and ECSB going forward through the June 2nd extension period and retroactively to Sunday, May 16. We look forward to working with the Governor and the State Legislature to enact a permanent program that allows NYPA to use its resources to the greatest extent possible to help the business community throughout the state."
About NYPA:
■ The New York Power Authority 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 public power organization, with 17 generating facilities in various parts of New York State and more than 1,400 circuit-miles of transmission lines. ■ More than 80 percent of the electricity it produces is clean renewable hydropower. Its lower-cost power production and electricity purchases support hundreds of thousands of jobs throughout the state. ■For more information, www.nypa.gov.