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POWER AUTHORITY TRUSTEES ACT TO TRIM WORK FORCE

 LEWISTON, N.Y., June 29 /PRNewswire/ -- New York Power Authority trustees Tuesday acted to cut operational costs by approving a plan to trim the Power Authority work force by the equivalent of 400 full-time positions.
 "We operate in an increasingly competitive environment and we must control our costs in order to survive," said Power Authority Chairman Richard M. Flynn.
 He said the decision was difficult, "but we can't avoid these steps if we are to fulfill our statewide mission of providing lower-cost electricity to residents and businesses."
 Last year, Power Authority electricity saved the state's consumers $600 million. It currently supports about 170,000 jobs throughout the state.
 Flynn said more than half of the reduction will be achieved by cutting use of consultants and contract workers and by not filling some vacancies. The remainder will come from the existing Power Authority staff.
 "By acting aggressively to control our costs, we will avoid shifting this burden to our customers, either statewide or those served from any particular Power Authority project," Flynn said.
 The trustees, meeting at the Power Authority's Niagara Power Project, approved a severance package that will provide three weeks' pay for each year of service--up to one year's salary--and will continue full health, life and dental insurance coverage for a year. In addition, the Power Authority will provide outplacement counseling for discharged staff members.
 Flynn said the Power Authority's senior management had considered a broader program, including voluntary retirement and separation incentives, but that these proved infeasible because of financial, operational and public policy considerations.
 "This is a very painful decision," said Flynn. "It involves people who have worked for us for many years and we can't, in fairness, just throw them out in the street. We've tried to ease the difficult transition while meeting the Power Authority's needs."
 The Power Authority uses no state tax funds. It finances its operations with revenues from the sale of electricity.
 -0- 6/29/93
 /CONTACT: Jack Murphy of New York Power Authority, 212-468-6319/


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

WB -- NY068 -- 6792 06/29/93 14:59 EDT
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Date:Jun 29, 1993
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