July (pdf) - New York Power Authority

July 26, 2011
RECOMMENDATION
“The Manager – Business Power Allocations and Compliance recommends that the Trustees approve the
allocations of hydropower, totaling 3,500 kW, to M&T Bank Corporation, Moog Inc., and Try-It Distributing, as
detailed in Exhibit ‘4-A.’ The Trustees are also requested to authorize a public hearing on the terms of the
proposed Contracts for Moog and Try-It’s allocations, attached as Exhibits ‘4-B-1’ and ‘4-B-2,’ on a date to be
determined, at the Niagara Power Project’s Power Vista Visitors’ Center. It is further recommended that, pursuant
to §1009 of the Public Authorities Law, the Corporate Secretary be authorized to transmit copies of the proposed
contract to the Governor and legislative leaders and to arrange for the publication of a notice of public hearing in six
newspapers throughout the State in accordance with the Public Authorities Law.
“For the reasons stated, I recommend the approval of the above-requested action by adoption of a
resolution in the form of the attached draft resolution.”
Mr. James Pasquale presented highlights of staff's recommendation to the trustees. Chairman
Townsend and Trustee Curley recused themselves from voting on this item.
The following resolution, as submitted by the President and Chief Executive Officer, was adopted by a vote
of 5 to 2, with Chairman Townsend and Trustee Curley recusing themselves.
RESOLVED, That the allocation of 3,500 kW of Expansion
Power to M&T Bank Corporation, Moog Inc. and Try-It Distributing
Co., Inc., as detailed in Exhibit “4-A” be, and hereby is, approved on
the terms set forth in the foregoing report of the President and Chief
Executive Officer; and be it
RESOLVED, That the Trustees hereby authorize a public
hearing on the terms of the proposed contracts for the sale of
Expansion Power to Moog Inc. and Try-It Distributing Co., Inc., to be
held at the Niagara Power Project’s Power Vista Visitors’ Center; and
be it further
RESOLVED, That the Corporate Secretary be, and hereby is,
authorized to transmit copies of the proposed contract to the Governor,
the Speaker of the Assembly, the Minority Leader of the Assembly, the
Chairman of the Assembly Ways and Means Committee, the
Temporary President of the Senate, the Minority Leader of the Senate
and the Chairman of the Senate Finance Committee pursuant to §1009
of the Public Authorities Law; and be it further
RESOLVED, That the Corporate Secretary be, and hereby is,
authorized to arrange for the publication of a notice of public hearing
in six newspapers throughout the State, all done in accordance with the
provisions of §1009 of the Public Authorities Law; and be it further
RESOLVED, That the Senior Vice President – Marketing and
Economic Development or his designee be, and hereby is, authorized,
subject to the approval of the form thereof by the Acting General
Counsel, to enter into such agreements, and to do such other things, as
may be necessary or desirable to implement the Contracts as set forth
in the foregoing report of the President and Chief Executive Officer;
and be it further
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