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Article: Cheap power ready to expire.(Business)
- Article from:
- Albany Times Union (Albany, NY)
- Article date:
- June 3, 2005
CopyrightCOPYRIGHT 2005 Albany Times Union. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: JAMES M. ODATO Capitol bureau
ALBANY - Lawmakers and Gov. George Pataki are trying to resolve a power struggle over cheap electricity, and Niagara Mohawk market customers may have to sacrifice a few dollars a month to help out.
Dozens of employers across the state will face increases in power costs ranging from 10 percent to 40 percent over the next year - some as soon as October - because the state Power Authority sold the James A. FitzPatrick nuclear power plant in 2000 to Entergy Corp.
As a result, the Power Authority no longer can assure relatively cheap nuclear energy to companies whose rights to discounted power are expiring under ...