The Lewiston-Porter School Board and Niagara Town Board on Tuesday approved a State Power Authority offer to give seven public agencies $1 billion in cash and low-cost electricity over the next 50 years.
The offer was made in return for the board's support of the power producer's bid to be relicensed by the federal government to operate the Niagara Hydroelectric Power Plant for another half-century.
The school district and town became the fifth and sixth of seven Niagara Coalition members to approve the offer.
The district stands to rake in about $1.5 million a year in cash and low-cost power over 50 years, for a total of $78.4 million under a coalition plan to distribute $1 billion. The Town of Niagara is scheduled to receive $650,000 a year, a signing advance of $1.04 million and $390,000 for recreation and tourism annually.
Only the Town of Lewiston has not voted for the proposal because its board feels it will not be getting as much low-cost power as it deserves.
The Niagara County Legislature, City of Niagara Falls, Niagara Falls School Board and Niagara-Wheatfield School Board approved the measure earlier this month and went along with the distribution plan.