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

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April 24, 2007<br />

Granny’s Kitchens, Ltd., Frankfort, Herkimer County<br />

Allocation:<br />

750 kW <strong>of</strong> EDP<br />

Jobs Commitment: 315 jobs<br />

Background: Granny’s Kitchens, Ltd. (“Granny’s”), in business since 1981, is a wholesale bakery manufacturer<br />

specializing in cakes and donuts. For <strong>the</strong> past year, Granny’s averaged 275.50 jobs, i.e., 87.46% <strong>of</strong> its contractual<br />

commitment. While 2006 was not a good year for Granny’s, 2007 is shaping up to be one <strong>of</strong> growth, and hopefully<br />

<strong>the</strong> company will meet its commitment.<br />

Honeywell International, Buffalo, Erie County<br />

Allocation:<br />

300 kW <strong>of</strong> RP<br />

Jobs Commitment: 168 jobs<br />

Background: Honeywell International (“Honeywell”), formerly Allied-Signal Inc., has been a research and<br />

development lab since <strong>the</strong> early 1900s. Honeywell develops and produces atmospherically safe fluorocarbons. For<br />

<strong>the</strong> past year, Honeywell averaged 136.77 jobs, i.e., 81.41% <strong>of</strong> its contractual commitment. Since <strong>the</strong> site is a<br />

research facility, it depends on continued funding from Honeywell businesses. The facility is at its highest<br />

employment level in five years and is growing; it expects to ei<strong>the</strong>r come close to or meet its employment<br />

commitment in 2007.<br />

ICM Controls Corporation, Cicero, Onondaga County<br />

Allocation:<br />

500 kW <strong>of</strong> EDP<br />

Jobs Commitment: 300 jobs<br />

Background: ICM Controls Corporation (“ICM”), established in 1984, designs and manufactures electronic<br />

controls for <strong>the</strong> HVAC market worldwide. For <strong>the</strong> past year, ICM averaged 232.92 jobs, i.e., 77.64% <strong>of</strong> its<br />

commitment. Though <strong>the</strong> company grew in 2006, it was still below its commitment. However, ICM’s employment<br />

level meets its 2007 jobs commitment <strong>of</strong> 225 jobs.<br />

Ingram Micro Corporation, Williamsville, Erie County<br />

Allocation:<br />

900 kW <strong>of</strong> EP<br />

Jobs Commitment: 1,525 jobs<br />

Background: Ingram Micro Corporation (“Ingram”) is a leading wholesale distributor <strong>of</strong> microcomputer products<br />

worldwide, including hardware, s<strong>of</strong>tware and networking equipment. For <strong>the</strong> past year, Ingram averaged 1,177.33<br />

jobs, i.e., 77.20% <strong>of</strong> its job commitment. Ingram invested $6 million in its new Solution Center this past year.<br />

While this only adds 10 more jobs, it points towards growth, which is steadily taking place at Ingram. The company<br />

will not meet its commitment in 2007 but is growing.<br />

International Imaging Materials, Inc., Amherst, Erie County<br />

Allocation:<br />

250 kW <strong>of</strong> RP<br />

Jobs Commitment: 472 jobs<br />

Background: International Imaging Materials, Inc. (“International Imaging”), in business since <strong>the</strong> mid-1980s, is a<br />

manufacturer <strong>of</strong> <strong>the</strong>rmal transfer ribbons. For <strong>the</strong> past year, International Imaging averaged 421.58 jobs, i.e.,<br />

89.32% <strong>of</strong> its contractual commitment. The company is only short <strong>of</strong> its commitment by two jobs.<br />

Lakeside Warehouse Corporation/The Carriage House Companies, Dunkirk, Chautauqua Co.<br />

Allocation:<br />

500 kW <strong>of</strong> EP<br />

Jobs Commitment: 199 jobs<br />

Background: Lakeside Warehouse Corporation/The Carriage House Companies (“Lakeside”), in business since<br />

1988, is a storage facility for both raw materials and finished products associated with syrups. For <strong>the</strong> past year,<br />

Lakeside averaged 166.42 jobs, i.e., 83.63% <strong>of</strong> its contractual commitment. The company recently changed its<br />

business from a focus on food bottling to producing foods. Lakeside is trying to grow its business, and National<br />

Grid has recently worked with <strong>the</strong> company to help it maximize its hydro benefit.<br />

Lockheed Martin, Niagara Falls, Niagara County<br />

Allocation:<br />

250 kW <strong>of</strong> RP<br />

Jobs Commitment: 45 jobs<br />

Background: Lockheed Martin (“Lockheed”) manufactures gravity gradiometer technology for <strong>the</strong> U.S. Navy and<br />

commercial use. For <strong>the</strong> past year, Lockheed averaged 34.72 jobs, i.e., 77.15% <strong>of</strong> its contractual commitment.<br />

17

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