AUGUST 1998Members should apply soon for lower-cost electricity under "Power for Jobs"
The Council won an expansion to the program; brisk demand is expected
Council members interested in reduced-cost power under the state's expanded "Power for Jobs" program should develop and submit applications quickly, said Daniel B. Walsh, president of The Business Council.
"The Business Council worked hard to secure these savings for employers," Walsh said. "We want our members to be first in line to apply for these benefits."
Allocation decisions will be made beginning August 26, and demand is expected to be very brisk, Walsh said.
The three-year program began this year-and was so popular that the entire 1998 allotment of 133 megawatts was committed by the end of April.
The program offers reduced-cost power to employers that promise to use it to create or retain jobs.
The Business Council persuaded lawmakers to make 133 megawatts originally set aside for 1999 available immediately and to allocate an additional 50 megawatts for the year 2000.
These megawatts will be distributed to qualifying large and small businesses and not-for-profit corporations.
"Savings will vary, but will be substantial in all cases," Walsh said. "You can get a share of this power, but you must act now."
For information on applying, call the New York Power Authority at 1-888/562-7697 or call Kevin Lanahan at The Council at 1-800/358-1202.
August 6, 1998