NYPA News Release

New York Power Authority Makes Community Enhancement Payment to St. Lawrence Communities

For Immediate Release:  2/13/2018

Contact: Karen White | Karen.White@nypa.gov | (315) 764-6863

 

MASSENA—The New York Power Authority today announced that it is making an additional Community Enhancement payment valued at more than $1 million to be shared among eight North Country local governments and school districts, including St. Lawrence County, the Towns of Massena, Louisville and Waddington, the Villages of Massena and Waddington, as well as the Massena and Madrid-Waddington school districts. The additional payment is tied to a provision in the 2003 St. Lawrence-FDR Power Project Relicensing Agreement that triggers payouts to local community stakeholders during years when generation is exceptionally high at the Project, owned and operated by NYPA. This payment is supplemental to Community Enhancement payments of $2 million made annually to the same beneficiary communities. 

“The Power Authority is pleased to be able to make this payment to the St. Lawrence County communities that generously host our St. Lawrence-FDR Power Project,” said Gil C. Quiniones, NYPA president and CEO. “The 2003 Relicensing Agreement was groundbreaking for its collaborative approach and it is gratifying to see, many years later, these productive partnerships are benefitting local communities.”

“Many communities are limited by budget constraints and this year’s additional payment is great news for our local government task force members,” said local government task force chair and Massena Town Supervisor Steve O’Shaughnessy. “The funding included in the relicensing settlement has been a valuable resource for the host communities and we look forward to working with the Power Authority on a number of initiatives to help improve our region.”

Today’s payment will be divided by the eight community entities following a formula previously agreed upon among the beneficiary communities, and separate from the 2003 Relicensing agreement. This is the fifth year payment has been made under this provision in the 2003 agreement.

About NYPA:

NYPA is the largest state public power organization in the nation, operating 16 generating facilities and more than 1,400 circuit-miles of transmission lines. More than 70 percent of the electricity NYPA produces is clean renewable hydropower. NYPA uses no tax money or state credit. It finances its operations through the sale of bonds and revenues earned in large part through sales of electricity. For more information visit www.nypa.gov and follow us on Twitter @NYPAenergy, Facebook, Instagram, Tumblr and LinkedIn.