RSS   Newsletter   Contact   Advertise with us

Low-cost power allocations to support 3,600 jobs in New York

Share on Twitter Share on LinkedIn
POST Online Media ▼ | March 27, 2015
The New York Power Authority (NYPA) Board of Trustees has approved another round of low-cost power allocations under the ReCharge NY (RNY) program that will support nearly 3,600 jobs.
ReCharge NY
New York State   7.8 megawatts (MW) of low-cost power
The 7.8 megawatts (MW) of low-cost power will be distributed among 22 business operations and one not-for-profit organization and are expected to leverage more than $75 million in capital investments.

"ReCharge NY continues to support hundreds of thousands of jobs throughout the state, and ensure that businesses and not-for-profit organizations are able to stay and grow in New York," Governor Andrew M. Cuomo said.

This new round of power allocations will leverage the state's clean, economical power to support jobs and create real results for New Yorkers."

The bulk of the latest allocations were made on Long Island. Enterprises in the Finger Lakes, the Capital Region, Central New York, and New York City also received RNY power.

The power allocations under the RNY program stem from legislation signed by the Governor in 2011. The program, administered by NYPA, is designed to spur economic development throughout the state by providing low-cost power to businesses and other entities that agree to create or retain jobs.

One megawatt is enough power to meet the needs of 800 to 1,000 typical homes.