Assemblymember Kevin Cahill, Chair of the Assembly Committee on Energy, released a statement today regarding the Power Authority's decision to cancel proposed hydropower rate increases.

"The Power Authority's decision to freeze rates and to hold off on the bonuses is a win for New York's ratepayers and those of us that are trying to reform the way we approach energy in this State. New Yorkers who rely on NYPA for their energy needs can breathe a little bit easier now because of this reversal.

"For far too long, the Power Authority has operated in the shadows, responsive to no one. Governor Paterson chose Richard Kessel to instill a sense of integrity and public accountability to the institution and today's action is evidence that those values are starting to take hold.

"The development of a green economy and reaching for energy independence are two critical components to our economic future. We are counting on the Power Authority to take the leading role in these areas. It is important that the Legislature continue to build upon this new era by working with Governor Paterson and President Kessel to bring about policy initiatives needed to restore the Power Authority to its rightful place as the preeminent public utility in the nation."