NEWS
Statement By New York Power Authority CEO Richard M. Kessel, Regarding The Expiration Of The Power For Jobs Program
Contact:
Christine Pritchard
518-433-6700
christine.pritchard@nypa.gov
June 3, 2010
FOR IMMEDIATE RELEASE
"Without the legal authority to continue the Power for Jobs and Energy Cost Savings Benefit programs, the Power Authority is forced to stop providing the benefits under the programs. All of the businesses that participate in these programs have been notified. We remain hopeful that legislation soon will be enacted to authorize NYPA to again be able to administer an economic development and energy savings program for businesses across 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. ■ Nearly 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 ■For more information, www.nypa.gov.