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POWER ALLOCATION BOARD RECOMMENDATIONS COULD PROTECT MORE THAN 10,000 JOBS

 NEW YORK, May 18 /PRNewswire/ -- The New York State Economic Development Power Allocation Board (EDPAB) Tuesday recommended allocations of economical New York Power Authority electricity to five companies that would agree to protect or create more than 10,000 jobs.
 The allocations are subject to approval by Power Authority trustees and, in some cases, to completion of arrangements with the private utilities that would deliver the power. The electricity would be produced at the Power Authority's James A. FitzPatrick Nuclear Power Plant near Oswego.
 Allocations recommended Tuesday include:
 -- CBS Inc., 7,500 kilowatts (kw) through the New York City Public Utility Service in exchange for protection of about 4,000 television and radio production and broadcasting jobs. CBS plans to invest about $16.3 million in improvement and replacement projects at two sites in Manhattan. This plan, which is expected to save CBS about $925,000 annually, was originally announced in March.
 -- Granny's Kitchens Ltd. of Frankfort, Herkimer County, 600 kw to power new equipment that is part of a $2 million expansion. The company, which bakes doughnuts for the institutional and fast-food markets, would create 15 new jobs and protect a total of 69 positions. The company expects to save about $55,000 a year in electricity costs.
 -- Montefiore Medical Center, 800 kw for use in a new data center in Yonkers. The Bronx-based medical center's data processing expansion will create 13 new jobs and protect 23 existing jobs. The expansion is expected to cost about $5 million. Montefiore expects to save about $125,000 a year.
 -- IBM Corp., Endicott, Tioga County, 20,000 kw, to save money on its electric bill -- up to an estimated $2 million--and make the facility more competitive with other IBM plants in the country. IBM would agree to protect about 6,000 jobs in Endicott.
 -- Anchor Glass Corp., Elmira, Chemung County, up to 6,000 kw for business revitalization and possible expansion. The company would protect 325 current jobs in exchange for 4,000 kw and would create and protect 100 additional jobs, for another 2,000 kw, if expansion plans proceed. The company would save an estimated $370,000 a year initially and more if expansion takes place.
 -0- 5/18/93
 /CONTACT: Jack Murphy of New York Power Authority, 212-468-6319/


CO: New York Power Authority ST: New York IN: UTI SU:

TS -- NY121 -- 9967 05/18/93 16:51 EDT
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Date:May 18, 1993
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