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N.Y. Power Authority Launches Recharge New York Program With Informational Meetings

Contact:
Paul DeMichele
914-390-8186

September 9, 2011

FOR IMMEDIATE RELEASE

WHITE PLAINS—The New York Power Authority (NYPA) today announced that it will hold informational meetings throughout New York State to provide details on ReCharge New York, a new statewide economic development power program signed into law earlier this year by Governor Andrew M. Cuomo (www.governor.ny.gov/press/04142011rechargenewyork).

“ReCharge New York is a potent economic development initiative for providing eligible businesses throughout the state with low-cost electricity, to support new and existing jobs and capital expansion,” said Gil C. Quiniones, NYPA’s acting president and chief executive officer. “The meetings that the Power Authority will be holding throughout the state beginning next week will provide businesses with information on the key elements of the new power allocation program in order for the state to maximize the economic development benefits. I want to thank Governor Cuomo for his leadership in spearheading the legislation for making the ReCharge New York Program possible, as we look forward to carrying out his vision for economic development.”

Recharge New York, which becomes effective on July 1, 2012, will make available low-cost electricity to attract new businesses and encourage existing firms and not-for-profit organizations to stay and grow in the state. Companies will be awarded power contracts based on capital investment commitments, job retention and creation, consistency with regional economic development council priorities, and other factors. Businesses participating in the program must also demonstrate a commitment to maximizing energy efficiency.

Below is a list of locations for planned informational meetings on the new power program:

Sept. 12: Lewiston
Sept. 13: Peru (near Plattsburgh) and Buffalo           
Sept. 14: Massena
Sept. 14: Jamestown
Sept. 15: Watertown and Canandaigua
Sept. 16: Liverpool (near Syracuse) and Rochester
Sept. 19: Uniondale
Sept. 20: Hauppauge and Utica
Sept. 21: New York City and Elmira
Sept. 22: Binghamton
Sept. 26: White Plains
Sept. 27: Albany
Sept. 28: Newburgh

Details and a full list of venues for the meeting dates are available at: www.nypa.gov/rechargeny or by calling 888-JOBSNYS (888-562-7697).

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 is a leader in promoting energy efficiency, new energy technologies and electric transportation initiatives. ■ It is the nation's largest state public power organization, with 17 generating facilities in various parts of New York State and more than 1,400 circuit-miles of transmission lines. ■ Approximately 80 percent of the electricity it 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, www.nypa.gov.

 

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