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Albany, NY, Dec. 19, 2006 -- The Supreme Court of the State of New York rejected the City of Utica's motion to have the lease between the New York Regional Interconnection (NYRI) and New York Susquehanna & Western Railway Corp (NYS&W) declared void. Justice of the Supreme Court, James C. Tormey, granted NYRI's motion to dismiss the city's petition.
"NYRI applauds the Court's decision to reject the City's lawsuit," said William May, NYRI Project Manager.
The NYRI project was born out of New York State's need to develop a long-term strategy for maintaining an electrical power supply that will meet the growing needs of the state's households and businesses. Without major upgrades to the state's electrical infrastructure, increasing demand will inevitably push the statewide system beyond acceptable levels of reliability. This might happen as early as 2008, raising the risk of power outages or rolling blackouts, especially during periods of peak demand.
In addition to improving reliability and efficiency of the existing transmission system, NYRI's project is designed to reduce wholesale electricity prices.
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