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POWER AUTHORITY CHAIRMAN FLYNN URGES CZECH UTILITIES TO PLAN FOR FUTURE

POWER AUTHORITY CHAIRMAN FLYNN URGES CZECH UTILITIES TO PLAN FOR FUTURE
 PRAGUE, Czechoslovakia, May 7 /PRNewswire/ -- New York Power Authority Chairman Richard M. Flynn today urged top executives of Czechoslovkia's national transmission company to carefully investigate all alternatives before charting their nation's electricity future.
 "Here in Czechoslovakia, you really are starting with a clean slate," Flynn told officials of Ceske Energeticke Zavody. "I'd like to suggest that you take this unusual opportunity to carefully assess all the power supply options on a fully competitive basis."
 Flynn spoke at a program arranged by the American Public Power Association, the national service organization for U.S. publicly owned utilities. He said the Power Authority, a state-chartered utility that uses no tax revenues, combines the best features of public and private ownership.
 "Privatization can be tempting since it promises an immediate infusion of cash to the government," Flynn said. "But that has to be weighed against possible harm to future generations of electricity consumers. If you are economic, privatization may prove a one-time bonanza to those who buy you, but a long-term detriment to your rate payers.
 "I'm not suggesting that public power is always better," Flynn said. Or that private power is better. I would suggest, very simply, that better is better. It depends on the scope of your needs at the moment and the benefits that the particular public or private option in question provides to the ratepayers."
 Flynn encouraged his audience to use creativity in finding and exploiting new and innovative power supply alternatives, such as increased conservation and expanded opportunities for transmission of electricity among European countries.
 As one option, he suggested that Czech planners could take the Power Authority as an example and consider establishing "a state-owned public power authority that would be financed through sale of bonds and would offer competitive, citizen-owned power production."
 "At the very least," Flynn said, "I suggest that you get your electric system geared up to meet the challenges of the modern world. Formulate a business plan that will enhance your property and serve the needs of your consumers."
 Flynn said his recent decision to cancel a 1,000-megawatt contract between the Power Authority and Hydro-Quebec was a result of efficient energy planning. In explaining the steps leading to that decision, Flynn said, "Our process was careful, reasonable and prudent. That has been our hallmark and it will continue to be a guiding principle in how we do business."
 Flynn was among several U.S. public power officials who participated in the program, financed by the United States Energy Association, the U.S. arm of the World Energy Council, an international group of energy officials.
 The New York Power Authority is the largest electricity supplier in New York State.
 -0- 5/7/92
 /CONTACT: Jill Murman of the New York Power Authority, 212-468-6415/ CO: New York Power Authority ST: New York IN: UTI SU:


GK -- NY101 -- 7773 05/07/92 15:54 EDT
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Publication:PR Newswire
Date:May 7, 1992
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