ADVANCE/NYPA President Seeks to Strengthen Alliance With Public Power Systems.Business Editors/Utility Writers ADVANCE...for release 7:30 p.m April. 18 (ADVANCE)SYRACUSE, N.Y.--(BUSINESS WIRE)--April 18, 2000 New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Power Authority (NYPA) President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. Eugene W. Zeltmann called Tuesday night for increased cooperation and collaboration between NYPA and the state's 51 municipal electric systems and rural cooperatives as "allies in public power." "Anyone looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. proof that public power belongs in the electricity industry's new competitive marketplace need only come to New York," Zeltmann said in remarks prepared for the state Municipal Electric Utilities Association's (MEUA) semiannual Semiannual An event that occurs twice in a calendar year. Notes: A bond with semiannual coupons would issue payment once every six months. See also: Annual, Bond, Coupon Bond meeting here. "The successful relationship between your systems and the New York Power Authority provides it every day." Zeltmann noted that use of low-cost NYPA electricity saves customers served by the municipal systems and cooperatives more than $200 million a year. In addition, he said, the relationship between NYPA and the public systems provides other benefits ranging from an economic development initiative in which NYPA power has helped to create about 2,000 jobs in the systems' service territories to a joint program to plant trees in those communities. Zeltmann said NYPA is well along in its effort to obtain a new federal license for its St. Lawrence-Franklin D. Roosevelt hydroelectric project in Massena, where the current license expires in 2003, and is planning for the relicensing of the Niagara project in Lewiston, the source of low-cost hydroelectric power hydroelectric power: see power, electric; water power. hydroelectric power Electricity produced from generators driven by water turbines that convert the energy in falling or fast-flowing water to mechanical energy. supplied to the municipal systems and cooperatives. He urged the public power officials to become involved in the relicensing process for Niagara, where the current license expires in 2007, and to guard against local financial demands on the Power Authority that could affect the low rates for power from the project. "At Niagara, as at St. Lawrence, we recognize our ongoing relationship with the community," Zeltmann said. "But there are some local interests who view the relicensing process as nothing more than a chance to reap significant financial benefits from the Power Authority at the expense of both our customers and other Authority obligations. I urge you to speak out for a balanced approach." Zeltmann also called on the MEUA members to join NYPA and others in efforts to enact pending legislation to reform the "open-ended and costly" federal hydroelectric relicensing process. "One source of delay and increased costs is the ability of a wide array of federal agencies to impose mandatory conditions for a license -- often without a clear rationale rationale (rash´  nal´),n the fundamental reasons used as the basis for a decision or action. or any time constraints In law, time constraints are placed on certain actions and filings in the interest of speedy justice, and additionally to prevent the evasion of the ends of justice by waiting until a matter is moot. ," Zeltmann said. As it seeks extended licenses for its own hydro hy·dro adj. Hydroelectric. n. pl. hy·dros 1. Hydroelectric power. 2. A hydroelectric power plant. projects, Zeltmann said the Power Authority is investing more than half a billion dollars in modernization modernization Transformation of a society from a rural and agrarian condition to a secular, urban, and industrial one. It is closely linked with industrialization. As societies modernize, the individual becomes increasingly important, gradually replacing the family, programs "to assure that these great facilities continue to operate at peak efficiency far into the future." (End of advance for release 7:30 p.m. April 18.) |
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