Minutes of the Annual Meeting of the Power - New York Power ...

Exhibit “4-A2”
April 24, 2007
APPLICATION SUMMARY
Expansion Power
Company:
Location:
County:
IOU:
Business Activity:
Project Description:
Prior Application:
Existing Allocation:
Power Request:
Power Recommended:
Job Commitment:
Existing:
New
New Jobs/Power Ratio:
Moldtech, Inc.
Lancaster
Erie
New York State Electric and Gas Corporation
Injection-molded rubber products
The project includes building improvements to increase production capacity
and meet growing sales demand. Moldtech will double its capacity of
injection molding machines over the next five years. The company will install
seven new injection presses.
Yes
400 kW of RP, which will be withdrawn upon approval of this application
400 kW
250 kW
45 jobs
30 jobs
120 jobs/MW
New Jobs -
Avg. Wage and Benefits: $38,000
Capital Investment:
Capital Investment per MW
$4.3 million
$17.2 million /MW
Summary: Moldtech has grown significantly over the last two years and expects 30-50%
growth for 2007, requiring additional manufacturing space and equipment
since it will have outgrown its current space. Moldtech is considering
relocating to Indiana, including scoping an existing facility and negotiating
electricity costs. A hydro allocation will help Moldtech stay in Western New
York. Moldtech is actively pursuing other economic development
opportunities, including a capital grant from Empire State Development and
other incentives from local agencies.
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