Current Temp 21.0 °F
Wind : Southeast at 4.6 MPH (4 KT)
Humidity : 78 %
Pressure : 1011.7 mb
Low-cost power for NY companies threatened
ALBANY, N.Y. (AP) - The "Power for Jobs" program that provides low-cost energy to New York manufacturers, companies and nonprofit groups is threatened as competing proposals to extend and improve it have stalled in Albany.
Negotiations are snagged in part on how to compensate residential ratepayers for the loss of a small monthly discount in their bills.
The Senate is expected as early as Thursday to pass a version of the bill that's also supported by Gov. David Paterson. But the Assembly is sticking to its own version.
That leaves little time to reconcile the measures and pass them before the legislative session ends later this month.
The 13-year-old program benefits 500 employers. It technically expired in May, but continues on a temporary basis during negotiations.
(Copyright 2010 by The Associated Press. All Rights Reserved.)