Power authority extends low-cost hydropower contract for transportation authority

The New York Power Authority announced that the Niagara Frontier Transportation Authority will continue to receive low-cost hydropower for it’s light rail system in Buffalo, N.Y., and for the Niagara Falls Air Reserve Station.

The military facility benefits from NYPA power through the transportation authority, which owns the airport where the facility is located.

The NYPA Trustees approved extension of the two allocations of hydroelectric power to Niagara Frontier Transportation Authority through 2014 and for successive five-year terms that follow. The authority receives 1,000 kW for the rail system and 2,300 KW for the Air Force Base.

The New York Power Authority finances its operations through the sale of bonds and revenues earned in a large part through the sales of electricity. The authority reports that about 75 percent of the electricity it produces is hydropower.

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