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LOW COST NEW YORK POWER AUTHORITY ELECTRICITY MAY HELP TO CREATE 291 JOBS AND PROTECT ANOTHER 1,946 AT COMPANIES IN NEW YORK STATE

 LOW COST NEW YORK POWER AUTHORITY ELECTRICITY MAY HELP TO CREATE
 291 JOBS AND PROTECT ANOTHER 1,946 AT COMPANIES IN NEW YORK STATE
 NEW YORK, June 11 /PRNewswire/ -- New York Power Authority Chairman Richard M. Flynn said today that low-cost Power Authority electricity may help create 291 jobs and protect another 1,946 at companies in New York City, on Long Island and in Herkimer County.
 "The state's Economic Development Power Allocation Board (EDPAB) has recommended allocations of nuclear power to companies that are willing to commit to specified employment levels in return for the power," said Flynn.
 EDPAB evaluates requests for the power, produced at the Power Authority's James A. FitzPatrick Nuclear Power Plant on Lake Ontario near Oswego. The board, which Flynn also chairs, makes recommendations for action by the Power Authority.
 Allocations were recommended today for:
 -- National Broadcasting Co. (NBC), which has agreed to protect 1,700 jobs in New York City in return for 7,600 kilowatts (kw) of electricity. The proposed allocation would be the final major step in a package of incentives negotiated by the city and state governments in 1987 to keep NBC in its Rockefeller Center building. Current renovations there are expected to cost about $300 million.
 -- Southside Laundry Inc. of Hempstead, Nassau County, which would agree to keep 215 employees on Long Island in exchange for 700 kw of Power Authority power. The company, whose primary customers are hospitals and nursing homes in the New York Metropolitan area, also would proceed with a $1.6 million expansion in Hempstead that would add 41 jobs. It is considering relocating up to 70 percent of its Hempstead operations to New Jersey and proceeding with the expansion there.
 -- Burton Industries, which is considering relocating its heat treating plant from North Babylon, Suffolk County, to a site in Georgia or North Carolina. Since electricity represents about 26 percent of its costs, high electricity prices on Long Island make it difficult for the company to compete with firms in New Jersey. Burton would commit to maintaining 31 jobs in North Babylon in return for a proposed 600-kw allocation.
 -- Curtains and Fabrics Inc., which is starting up a new $7.25 million curtain manufacturing plant in the Village of Herkimer, Herkimer County. In exchange for 600 kw, the company would commit to create 250 jobs by 1995.
 More than 20,000 jobs statewide are linked to EDPAB-recommended allocations. EDPAB was created by legislation enacted in 1987 to make FitzPatrick power available to a wider variety of New York State companies.
 -0- 6/11/92
 /CONTACT: Laurence Frech of New York Power Authority, 212-468-6351/ CO: New York Power Authority ST: New York IN: UTI SU:


SM -- NY077 -- 9420 06/11/92 16:46 EDT
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Date:Jun 11, 1992
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