NYPA Press Release

Western New York Power Proceeds Allocation Board to Recommend Economic Development Funding

For Immediate Release: 10/04/2022
Contact: Paul DeMichele | paul.demichele@nypa.gov | (914) 390-8186

 
BUFFALO—The Western New York Power Proceeds Allocation Board is scheduled to meet on Wednesday, October 12, at 3 p.m. at the Buffalo offices of the New York Power Authority, The Electric Tower, 535 Washington Street, Suite 202, Buffalo.
 
The proceeds board is expected to make funding recommendations to apply the net earnings of the market sale of unutilized hydropower from New York Power Authority’s Niagara power project to support the growth of businesses in the region.
 
Consistent with Section 104(4) of the Open Meetings Law, the public has the right to attend Tuesday’s meeting, which will be video streamed at http://www.nypa.gov/wnyppab. 
 
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NYPA is the largest state public power organization in the nation, operating 16 generating facilities and more than 1,400 circuit-miles of transmission lines. More than 80 percent of the electricity NYPA produces is clean renewable hydropower. 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. For more information visit www.nypa.gov and follow us on Twitter, Facebook, Instagram, Tumblr and LinkedIn.