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NYPA Withdraws Proposed Bonuses, Rate Increases

Official Press Release from the New York Power Authority http://www.nypa.gov/press/2009/090324b.htm

LEWISTON – New York Power Authority (NYPA) President and Chief Executive Officer Richard M. Kessel today announced that all proposed rate increases for the Authority’s hydropower customers will be cancelled this year due to the extraordinary economic crisis facing the state and nation. The move will save New York businesses and residents approximately $16.5 million.

March 24, 2009
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NYPA Withdraws Proposed Bonuses, Rate Increases

Official Press Release from the New York Power Authority http://www.nypa.gov/press/2009/090324b.htm

LEWISTON – New York Power Authority (NYPA) President and Chief Executive Officer Richard M. Kessel today announced that all proposed rate increases for the Authority’s hydropower customers will be cancelled this year due to the extraordinary economic crisis facing the state and nation. The move will save New York businesses and residents approximately $16.5 million.

March 24, 2009
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Senate Leadership Says “No” to NYPA Bonuses, Rate Increases

Aubertine: Leadership means working with NYPA to demonstrate that now is not the right time

ALBANY (March 23, 2009)—State Sen. Darrel J. Aubertine and several of his colleagues spoke out in opposition to rate increases and bonuses proposed by the New York Power Authority. Sen. Aubertine joined the Senate Energy Committee Chair Kevin Parker, Sens. William T. Stachowski, Antoine Thompson, David J. Valesky and Neil D. Breslin to say “No” to NYPA’s proposed bonuses and rate increases.

March 23, 2009
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