Seward proposes new energy
Saying that lower energy costs will create jobs and spur the economy, Senator James Seward proposed a five-part "energy reform agenda."
Business Council President Daniel B. Walsh joined the March 11 news conference on the plan.
The new energy agenda urges:
- accelerated and expanded cuts to the gross receipts tax;
- an expansion, by 400 megawatts, of "Power for Jobs," which provides low-cost power for businesses that promise to retain or create in-state jobs;
- rate reduction refinancing to cut rates for residential and business ratepayers;
- a study of tax reforms to help New York utilities as they restructure in the transition to a competitive market; and
- steps to ban "slamming" in the electricity market.
- Senate press release.
March 12, 1998