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NEW YORK POWER AUTHORITY OFFICIAL CITES KEY ROLE OF LOWER-COST ELECTRICITY IN SAVING JOBS

 ROCHESTER, N.Y., Oct. 5 /PRNewswire/ -- A New York Power Authority official told a state Assembly committee hearing here Tuesday that lower-cost electricity provides a strong incentive for industries to stay and grow in New York State.
 "We have seen this firsthand at the Power Authority," said Robert A. Hiney, executive vice president marketing and development. "Statewide, about 170,000 jobs depend on allocations of our low-cost electricity."
 Hiney testified before a joint hearing of the Assembly Standing Committees on Energy and on Commerce, Industry and Economic Development on a bill designed to spur job creation by providing lower-cost electricity to industries. The hearing was held at the Rochester City Hall.
 Hiney noted that "the Power Authority has been able to obtain commitments from a substantial number of companies to create or protect thousands of jobs."
 That is evidence, he said, "that this important incentive of reasonable industrial power rates can not only help industries to expand, but also help them to survive."
 The proposed legislation, known as the Energy and Economic Development Partnership Act, would require investor-owned utilities to sell surplus electricity at reduced rates to industries that submit plans on how they will expand or maintain employment levels.
 Hiney offered three suggestions for the legislation, based on the Power Authority's experience:
 --Customers should be required to make specific job commitments, and be subject to loss of some or all of the special rate for not meeting the commitments.
 --The term of the special rate should be flexible, with a minimum of five years for existing companies, and possibly a longer term to attract major new users.
 --Requirements for applicants should be flexible to deal with changes in market conditions and regional differences in the state's industrial base.
 "We agree with the basic premise of the legislation that creation and maintenance of jobs, the lifeblood of the state's economy, is of paramount importance," Hiney said. "And we endorse the notion of enhanced partnership between business, utilities and government to stimulate growth."
 He said the Power Authority "has been developing cooperative programs with the investor-owned utilities which will enable us to address the immediate problems of many companies.
 "Our intent is to work with the utilities to make the most effective use of our power and their own individual economic development programs."
 -0- 10/05/93
 /CONTACT: Ira Fine of New York Power Authority, 212-468-6320/


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

LG -- NY055 -- 8899 10/05/93 13:31 EDT
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Publication:PR Newswire
Date:Oct 5, 1993
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