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NEW YORK POWER AUTHORITY AUTHORIZES TERMINATION OF HYDRO-QUEBEC CONTRACT

NEW YORK POWER AUTHORITY AUTHORIZES TERMINATION OF HYDRO-QUEBEC CONTRACT
 NEW YORK, March 31 /PRNewswire/ -- New York Power Authority trustees today formally authorized termination of the Power Authority's contract to buy one million kilowatts of hydroelectric power from Hydro-Quebec.
 Gov. Mario M. Cuomo and Power Authority Chairman Richard M. Flynn had announced cancellation of the contract last Friday, noting that Hydro-Quebec had not agreed to a price that would provide acceptable economic benefits to New York State consumers.
 The trustees, meeting here, authorized formal notification to Hydro- Quebec of the contract termination.
 -0- 3/31/92
 /CONTACT: Stephen Shoenholz of the New York Power Authority, 212-468-6313/ CO: New York Power Authority; Hydro-Quebec ST: New York, Ontario IN: UTI SU:


TQ -- NY088 -- 3593 03/31/92 16:52 EST
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Publication:PR Newswire
Date:Mar 31, 1992
Words:127
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