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

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Recommendation:<br />

The Niagara Project Upgrade was a prudent and necessary investment to assure<br />

<strong>the</strong> long-term viability <strong>of</strong> <strong>the</strong> Project and <strong>the</strong> costs <strong>of</strong> <strong>the</strong> Upgrade are properly<br />

allocated to all Project customers. Staff recommends no change to <strong>the</strong> inclusion<br />

<strong>of</strong> <strong>the</strong> $298 million in <strong>the</strong> CoS.<br />

14

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