NYPA to Hold Public Hearing on Hydropower Contract for St. Lawrence County Economic Development
May 4, 2012
FOR IMMEDIATE RELEASE
WHITE PLAINS—The New York Power Authority (NYPA) will hold a public hearing next week on a proposed contract for the sale of up to 20 megawatts (MW) of low-cost hydropower from NYPA’s St. Lawrence-Franklin D. Roosevelt Power Project to support economic development in St. Lawrence County. The meeting will be held on Thursday, May 10, from 3 p.m. to 6 p.m., at St. Lawrence-FDR’s Frank S. McCullough Jr. Hawkins Point Visitors Center at 830 Barnhart Island Road in Massena.
The Power Authority will review the public comments following the hearing. Written statements provided to NYPA by May 11 will also become part of the record of the hearing, which was authorized in March (http://www.nypa.gov/Press/2012/120327c.html). The proposed contract will then be submitted to the NYPA Trustees for their approval before going to Governor Andrew M. Cuomo for his consideration, as required by New York law.
The proposed contract, which is available for review with the applicable rate information on the NYPA website (www.nypa.gov/trustees/contracts), is with the Town of Massena Electric Department (MED).
The Massena Electric Department, which is authorized by New York law to purchase power from NYPA, currently receives nearly 24 megawatts of cost-based hydropower for its retail customers from NYPA’s Niagara Power Project.
A new category of St. Lawrence power would be sold to MED at cost-based rates, with the power resold to the qualified end users at no mark-up beyond costs incurred by MED. The proposed power contract would extend to September 2025. The St. Lawrence River Valley Redevelopment Agency and St. Lawrence County Industrial Development Agency would be involved in the review and recommendation process for applications for the low-cost power.
The proposed allotment of power would be drawn from hydropower recaptured from out-of-state users during the federal relicensing in 2003 of the St. Lawrence-FDR project.
■ 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. ■ Approximately 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.