Municipal Government, New York

NYS Low Cost Power Creates Jobs

August 5, 2015
By Diane Cohen

Albany, NY – Governor Andrew M. Cuomo announced  that the New York Power Authority has approved low-cost power allocations under the ReCharge NY program. The power awards will help 15 businesses retain 1,637 jobs while creating 735 new jobs.

“Through innovative programs like ReCharge NY, we are supporting hundreds of thousands of jobs across the state—a number that only grows as more businesses and nonprofit organizations apply for low-cost power,” Governor Cuomo said. “This new round of power allocations will allow businesses to grow and develop here in New York, leveraging clean power to support real jobs and economic success.”

The 10.4 megawatts of low-cost power will be distributed among 15 business operations and are expected to leverage more than $340 million in capital investments. Amazon LLC in New York City, Bausch & Lomb in Rochester and RUI Management Services on Long Island were among the recipients in this round of allocations. Enterprises in the Mohawk Valley, Southern Tier and Western New York also received ReCharge NY power.

ReChargeNY is a program proposed by Governor Cuomo in 2011 that allows businesses to purchase low cost power, and spend that savings on retaining and creating jobs. It is administered by the New York Power Authority. The Governor’s program has provided more than 778 megawatts to 679 business operations and 72 nonprofit organizations over the last two-and-a-half years. (One megawatt is enough power to meet the needs of 800 to 1,000 typical homes.)
 

August 5, 2015

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