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

Exhibit “4-A1”
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:
ISOCHEM, Inc.
Lockport
Niagara County
New York State Electric and Gas Corporation
Phosgene chemical products
The project involves installing new processing equipment for distilling
phosgene derivatives and an on-site nitrogen (N 2 ) production unit. The
distillation process enables ISOCHEM to produce new products and recycle
organic solvents, creating new raw material streams and reducing hazardous
waste. The on-site N 2 generator will reduce production costs and provide a
beta site for new products in cooperation with Praxair.
None
None
410 kW
300 kW
93 jobs
3 jobs
10 jobs/MW
New Jobs -
Avg. Wage and Benefits: $71,000
Capital Investment:
Capital Investment Per MW:
Summary:
$1.84 million
$6.1 million/MW
ISOCHEM would invest in processing equipment that creates the opportunity
for new products, lowers production costs and reduces hazardous waste by
distilling and recycling organic solvents. A hydro allocation would enhance
competitiveness internationally, where 90% of the company’s competitors
operate and 50% of its products are sold. The allocation will also enable the
company to win projects from a sister facility in Hungary where fixed costs
remain substantially lower. ISOCHEM is actively pursuing other economic
development opportunities, including a grant from Empire State
Development’s Environmental Investment program via the Niagara County
Industrial Development Agency.
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