NNY Power Proceeds Allocation Board to recommend economic development funding at Massena meeting
MASSENA -- The Northern New York Power Proceeds Allocation Board is scheduled to meet on Wednesday, February 14, at 3 p.m., at the New York Power Authority’s St. Lawrence-Franklin D. Roosevelt Power Project visitors center, 21 Hawkins Point Rd.
The board is expected to make funding recommendations for a portion of the revenue NYPA earns from selling the power generated at the St. Lawrence Power Project to support economic development in the 30-mile zone surrounding the generation plant.The state legislature has charged the Northern New York Power Proceeds Allocation Board with monitoring the distribution of those funds.
Board members, appointed by Gov. Andrew Cuomo, are Chair Patrick Kelly, CEO of the St. Lawrence County Industrial Development Agency; Ian Maxwell, a graduate of Massena High School and Clarkson University, technical sales representative for DeFelsko Corporation, Ogdensburg; Robert McNeil, partner in McNeil Accounting Services, in Lisbon, formerly St. Lawrence County Treasurer; Theresa Phalon, president and CEO of North Country Savings Bank in Canton; and Roger Sharlow, principal of RJS Consulting in Waddington.
The board solicits and reviews applications and makes funding recommendations to the NYPA Board of Trustees.
The capital in the Northern New York Economic Development Fund comes from net earnings from the Power Authority's market sale of unallocated St. Lawrence County Economic Development Power, a low-cost power program established for St. Lawrence County in 2012.
The public may attend the meeting. Video will also streamed at www.nypa.gov/nnyppab.
Other meetings of the board this year will be at 3 p.m. at the Visitor’s Center Wednesday, April 11, Wednesday, June 13, Wednesday, Aug. 1, and Wednesday, Oct. 10.