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Paterson and the leaders pledges to keep the program alive during a publif meeting onMay 27. The program is scheduleed to expire onJune 30. The 12-year-old prograk provides low-cost power to 480 businesses and mostly upstate, in exchange for commitments to creatse or retain jobs. The runs the which either discounts electricity rates for companieas or gives them rebates to offsetelectric “We should do an extenderd as quickly as we can. Businesses need certainty,” said Assemblty Speaker SheldonSilver (D-Manhattan). Such year-long extensionsw have become common forthe program.
Business lobbiesz bemoan that approach, saying that it doesn’t give companiess any long-term clarity for theif future plans. On Paterson and the leaders could not agreron long-term plans for the program. Some suggested usin g next year’s legislative sessiomn to enacta permanent, or at least a plan for the program—and doing so in May to avoid passing a last-minute extensio during the rush of activity at the end of the legislativs session.
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