NEWS

NYPA Announces Sixth Round of ReCharge New York Low-Cost Power Allocations to Support Nearly 3,200 Jobs at 18 Businesses Across the State
Dairy and Yogurt Firms Among Several Industries Benefiting and Growing from Low-Cost Power

Contact:
Paul DeMichele
(914) 390-8186
paul.demichele@nypa.gov


July 29, 2013

FOR IMMEDIATE RELEASE

WHITE PLAINS—The New York Power Authority (NYPA) Board of Trustees last week approved low-cost power under Gov. Andrew M. Cuomo’s ReCharge New York (RNY) Program for 18 businesses in support of 3,191 jobs—450 newly created—and more than $446 million in capital investments.

The list of companies receiving 19.6 megawatts (MW) of allocations included firms from the growing dairy and yogurt industries in Central New York and the Mohawk Valley.

This is the sixth round of power allocations under RNY, a low-cost power program signed into law in 2011 by Governor Cuomo that provides low-cost power to businesses that agree to retain or create jobs.

John R. Koelmel, NYPA chairman, said, “The momentum from the success of ReCharge New York has led NYPA to a sixth round of allocations for this important program, supporting job growth in every corner of New York State. I look forward to the NYPA trustees’ review of the next round of RNY allocations as we continue to allocate all 910 megawatts of the program’s available power.”

Gil C. Quiniones, NYPA president and chief executive officer, said, “NYPA staff has worked hand-in-hand with the Governor’s regional economic development councils and with Empire State Development to ensure that these latest allocations will prove as impactful as the previous ones. While there is still more work to be done, I think we can all take pride in the achievement of ReCharge New York.”

The first six rounds of allocations under the Governor’s program accounted for approximately 762 MW to 710 businesses and 72 not-for-profit organizations. (One megawatt is enough power to meet the needs of 800 to 1,000 typical homes.)

The four dairy and yogurt industry firms that were among the 18 businesses assigned power under the latest round of RNY allocations were Byrne Dairy, a Greek Yogurt manufacturer planning to build a facility in Cortlandville, in Cortland County; HP Hood, a Greek Yogurt processor with a facility in Vernon, Oneida County; Agrana Fruit US, a fruit processor, in Baldwinsville, Onondaga County, that serves several yogurt companies in New York; and Ultra Dairy, which will expand its operations in East Syracuse.

The latest allocations, which were approved on July 23, support Governor Cuomo’s efforts to grow the dairy and yogurt industries throughout the state, leading to New York now officially being identified as America’s Yogurt Capital, surpassing California in 2012 as a top producer of yogurt in the United States.

Joanne M. Mahoney, NYPA trustee, said, “This latest round of ReCharge New York allocations highlights a great synergy between an invaluable state economic development program and New York’s vital dairy industry. Governor Cuomo’s efforts to expand on New York’s strengths by supporting dairy and yogurt firms in this region cannot be understated and should be applauded.”

Senator George D. Maziarz, chairman of the Senate Energy and Telecommunications Committee said, “The creation of the ReCharge New York program provides businesses throughout the state an opportunity to receive low-cost power in exchange for the creation and retention of jobs. I championed this legislation in the Senate in order to encourage economic development throughout the state, and to ensure that the creation of jobs would be on a long-term basis. The Niagara Power Project is an extremely valuable asset to this state and I am glad to see those companies selected to use this resource for the good of the state and local communities.”

State Senator Joseph A. Griffo, a member of the Senate Energy and Telecommunications Committee, and co-sponsor of the legislation that authorized the ReCharge program, noted its continued success. “According to the most recent United States Dairy Association figures, we’re seeing a growth spurt for the already strong dairy industry in New York,” said Griffo. “This investment for Central New York dairy processors helps to keep this state in the top three or four, nationally. I commend Governor Cuomo, NYPA Board Chair John Koelmel, the other board members and their staff for recognizing these statistics. Their support for this allocation round to the dairy businesses in the Central New York and Mohawk Valley region is appropriate and appreciated.”

Assembly Energy Committee Chair Amy Paulin said, “This plan is doing exactly what we expected it to do when we implemented it. It is encouraging job creation and retention by providing low-cost power to businesses that take part in the program. These businesses continue to thrive in New York State during tough economic times and this program is one of the reasons why. I’m thrilled that we’ve been able to work together on this and that these programs have had such a positive impact.”

Assemblyman Bill Magee said, “The allocations from Governor Cuomo’s ReCharge New York Program will support job growth and economic development for these dairy and yogurt producers, and also assist local dairy farmers by bolstering New York’s agricultural economy.”

In addition to jobs and capital investment commitments, other evaluation criteria for ReCharge NY applications include the significance of the cost of electricity to the overall cost of doing business, applicant’s risk of closure or curtailing operations, the significance of the applicant’s facility to the local economy, and its commitment to energy efficiency.

The ReCharge NY program, administered by the New York Power Authority (NYPA), offers up to seven-year power contracts to businesses. Half of the power under the program—455 MW—is low-cost electricity from the Power Authority’s Niagara and St. Lawrence-Franklin D. Roosevelt hydroelectric power plants. The remaining 455 MW is economical power secured by NYPA from market sources.

 

About NYPA:

The New York Power Authority uses no tax money or state credit. It finances its operations through the sale of bonds and revenues earned in large part through sales of electricity. ■ NYPA has been designated as the lead entity via Executive Order 88 by Gov. Andrew M. Cuomo to form a central management and implementation plan to carry out his Build Smart NY plan to reduce energy use by state facilities by 20 percent by 2020. ■ NYPA is the nation's largest state public power organization, through the operation of its 16 generating facilities in various parts of New York State, participation in a unique public/private partnership to contract for power from a clean generating plant in Queens, and its operation of more than 1,400 circuit-miles of transmission lines. ■ More than 70 percent of the electricity NYPA produces is clean renewable hydropower. Its lower-cost power production and electricity purchases support hundreds of thousands of jobs throughout the state.■ For more information visit www.nypa.gov and follow us on Facebook, Instagram, LinkedIn, Wordpress and @NYPAenergy on Twitter.




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