New York's Power for Jobs Program Riddled with Loopholes

Summary


New York 13 years ago created an ambitious program to provide discounts on electric bills paid by companies and nonprofits that agreed to preserve and add jobs.

Power For Jobs, which expired last Saturday, then was granted a two-week extension, continues to generate controversy and criticism over problems plaguing it nearly from the start.

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New York's Power for Jobs Program Riddled with Loopholes

The program provides annual discounts worth between $60 million and $100 million, according to the Economic Development Corp. Benefits will end when the program, which has provided rate relief for hundreds of firms, e...

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