FEBRUARY 1998

PSC postpones vote on Niagara Mohawk restructuring plan

The Public Service Commission, which had been expected to act Wednesday on Niagara Mohawk Power Corp.'s restructuring plan, postponed a vote till next Tuesday.

PSC Chairman John O'Mara said progress had been made in resolving conflicts between independent power producers and steam "host" companies, but some outstanding contracts have yet to be settled.

O'Mara also said talks were ongoing between Niagara Mohawk and the City of Oswego relative to the taxes levied on the nuclear plant there.

The Business Council supports Niagara Mohawk's PowerChoice plan, which would cut rates for many manufacturers by 25 percent.

February 19, 1998