River Agency looks to cash in on low-cost power

By AMANDA PURCELL

JOHNSON NEWSPAPERS

THURSDAY, SEPTEMBER 20, 2012

LOUISVILLE — The St. Lawrence River Valley Redevelopment Agency and state representatives are moving ahead with legislation that would allow the agency to use proceeds from the sale of low-cost power not being used to help businesses. The River Agency recently secured 20 megawatts of low-cost power from the New York Power Authority for economic development. The original contract granting the power that was rejected two years ago also allowed the River Agency to sell on the open market whatever power was not granted to businesses and use the profits to spur economic growth. That ability was considered outside the scope of NYPA’s powers under state law and was a reason why the original power contract was rejected by then-Gov. David A. Paterson. Continue reading via this link to the Watertown Times