Assemblyman Molitor (R,C-Westfield) today, February 4, expressed strong opposition to the New York Power Authority’s (NYPA) proposal to triple hydropower rates, warning that the rate hike will have a profoundly adverse effect on New York state's fragile economy.

“I join the Buffalo Niagara Manufacturing Alliance (BNMA), the Manufacturers Association of the Southern Tier (MAST) and other business organizations in voicing serious concerns about the devastating impact this proposed rate increase will have,” said Molitor. “This dramatic rate hike will chill investment, raise operating costs, drive up consumer prices, and may ultimately force businesses to leave our region.”

New York’s business climate is already under significant strain. Rising costs across the state—from surcharges and forced electrification mandates to increased utility rates—are hitting residents and businesses hard. The proposed NYPA rate increase represents yet another blow to affordability in New York, a state already grappling with high out-migration as families and businesses seek more cost-effective environments.

“Instead of shifting the financial burden onto businesses and residents, New York should reconsider its budget priorities to cover NYPA’s infrastructure upgrades,” Molitor continued. “NYPA's existing fund balance should have been strategically invested in maintaining and enhancing our clean, renewable hydropower infrastructure, not left to stagnate while costs are passed down the line.”

Assemblyman Molitor is calling on NYPA to reconsider its rate increase formula, urging a return to previous rate adjustments. Additionally, NYPA should give serious consideration to the economic pressures facing New York’s businesses and residents when evaluating any proposed rate changes.

“We strongly urge NYPA to substantially lower the proposed rate increase,” concluded Molitor. “New York’s future depends on policies that foster economic growth and affordability, not measures that drive people and businesses away.”