Massena Official: Keep Power Cash Close To Home
The mayor of Massena says money made from selling extra electricity should be kept close to home.
The New York Power Authority - which operates the power dam at Massena - has agreed to let a group called the St. lawrence River Valley Redevelopment Agency use 20 megawatts of low cost power.
The Redevelopment Agency plans to use the electricity to help local business and industry, and what it doesn't use, sell.
Mayor James Hidy believes the profit from selling the electricity should stay within 40 miles of Massena, for use in economic development.
"Jefferson, Lewis counties, they have their Fort Drum, they have their revenue, they've got a stream of business and industry coming in, so let's not get too greedy," Hidy said.
The state legislature still has to approve an arrangement that would allow the power to be sold, and it's not clear whether legislators can agree on the 40 mile limit, or whether the benefit from the electricity sale can be steered to just St. Lawrence Coiunty.
Saturday, April 25, 2015, Watertown, NY
On Wall Street