NY A00040

Removes the provision that would have reduced the New York Power Authority's St. Lawrence county economic development power allocation from 20 megawatts to 10 megawatts after five years

Allows the Power Authority to generate net earnings from unallocated power that has not been either sub-allocated under the authority-TMED contract or directly allocated to qualified applicants

Expands the definition of "authority-TMED contract" to include any extension or successor tariff and contract that expires on or before 2040

Maintains the requirement that at least 15% of net earnings deposited into the Northern New York Economic Development Fund must be dedicated to energy-related projects, programs, and services