B-Lo Living: Power Project audit could mean more booty for Buffalo

Congressman Brian Higgins continues to kick ass in his attempts to force the New York Power Authority to give Buffalo a bigger cut of its profits (as the Power Project greatly affects the "host" communities around it by its very operation). To sum up the argument, Higgins believes Buffalo & Erie County's settlement should be increased to $10 million (plus interest) annually as the Authority renegotiates its renewal contract with the State of New York. The Power Authority maintains that any such increase settlement size would necessitate electric rate increases.

Higgins has believed this claim to be bullshit from the get-go, and is fighting for the settlement increase as a means to help subsidize the redevelopment of the Buffalo waterfront, and other civic improvements.

As an answer to Higgins' calls for an investigation into the truthfullness of the Authority's claims concerning its financial position, State Comptroller Alan Hevesi (you may remember him from his infamous audit of Erie County) has agreed to audit the Power Project.

A small victory, sure.. but we'll take what we can get.

SOURCE >>
Hevesi to audit Niagara Power Project [Buffalo Business First]