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Government Affairs Albany Update

March 15, 2002

GAC Meeting Agenda for March 19

The Business Council's Government Affairs Council will meet Tuesday, March 19, at 10:00 a.m. at Council headquarters in Albany. Topics to be discussed include: The Council's budget priorities; the state Energy Plan; Governor Pataki's proposal to allocate 183 megawatts to extend the Power for Jobs Program; the health of manufacturing in New York State; legislative proposals on subprime lending; accounting / auditing bills; and the Governor's Initiative and Referendum proposal.
No registration is necessary.

Assembly Small Business Committee Meeting

Jeffrey Boyce, Director, Development for Small Business at the Empire State Development Corporation will be a guest speaker before the Assembly Small Business Committee next week. The meeting will be held Tuesday, March 19 at 4:00 p.m. in Room 624 of the LOB. Assemblyman Darryl Towns is the new Chairman of the Committee.

NYISO and PJM Execute Interregional Coordination Agreement

The New York Independent System Operator (NYISO) and the PJM, the entity responsible for the wholesale electricity markets in Pennsylvania, New Jersey, Maryland, Delaware, Virginia and the District of Columbia, have enacted an agreement to study interregional issues. The agreement, effective March 15, 2002, is designed to address "seams" issues between the two areas on an expedited basis. Seams issues occur when different rules between neighboring electric markets cause problems with interregional trading. Under the agreement, the two parties will each designate an Interregional Coordination Officer (ICO) who will be responsible for identifying seams and market inefficiency issues, and other market improvement opportunities. The ICOs will attempt to transform proposals based on their findings into solutions. The agreement also calls for quarterly reports on the work of the ICOs. These reports will be filed with the Federal Energy Regulatory Commission (FERC) and the respective states' public utility commissions.

Power for Jobs Extension
Staff Contacts: Ken Pokalsky

Governor Pataki has introduced legislation to extend the Power for Jobs program for more than 300 participants in the second and third years of the program. Introduced by Senator Jim Wright (S.6425), the bill would make 183 MW of electric power available through the end of 2005. The bill also includes several changes to the general powers granted to the New York Power Authority, including provisions regarding the sale of electricity into the state's wholesale market, and provisions that broaden NYPA's ability to acquire and distribute power. The Business Council has been a strong advocate for extending the Power for Jobs program. We are still reviewing the Governor's proposal, and are seeking input from interested Business Council members. Contact either Ken Pokalsky for more information.