New York S01357 amends the public authorities law to limit the amount of St. Lawrence county economic development power that the New York Power.

New York S01357 amends the public authorities law to establish a cap on the amount of St. Lawrence county economic development power that the New York Power Authority can use to generate net earnings. The cap is set at the lesser of twenty megawatts or the amount of St. Lawrence county economic development power that has not been allocated under the authority-TMED contract. Additionally, the bill modifies the economic development law to include authority-TMED contracts, which are agreements between the authority and the town of Massena electric department for economic development purposes.

New York S01357 amends the public authorities law to limit the amount of St. Lawrence county economic development power that the New York Power.

New York S01357 amends the public authorities law to establish a cap on the amount of St. Lawrence county economic development power that the New York Power Authority can use to generate net earnings. The cap is set at the lesser of twenty megawatts or the amount of St. Lawrence county economic development power that has not been allocated under the authority-TMED contract. Additionally, the bill modifies the economic development law to include authority-TMED contracts, which are agreements between the authority and the town of Massena electric department for economic development purposes.