Assemblywoman Claudia Tenney (R,C,I-New Hartford) today announced that as of July 1, 2012, low-cost energy will be made available to energy-intensive businesses in the form of state and New York Power Authority (NYPA) approved allotments.
"ReChargeNY (RNY) is a smart solution to keep thousands of jobs and billions of dollars in investments in the state of New York. Providing businesses with their high-energy needs and long-term contracts in New York will maintain jobs for New Yorkers, lower production costs and create financial security for these businesses to foster job growth and expansion within the state," said Tenney.
Unlike previous state energy-saving programs, RNY offers up to seven-year contracts for lower cost power. This program is available to businesses and non-profit organizations. Requirements for allotment approval include:
- Significance of electricity cost to applicant’s total cost of doing business;
- New capital investment potential if awarded an RNY allotment;
- Importance of the business to the local economy;
- The extent of the business’ investment in energy efficiency; and
- The number of jobs created or retained in the state.
"Furthermore, this program highlights our state’s vast natural resources. New York has the potential to produce substantial amounts of green and affordable energy through an abundance of hydropower locations, growing wind farms and various other local energy alternatives. This program will go far in supporting much-needed economic development as well as highlighting our energy capabilities. RNY will be the litmus test for identifying the state’s ability to generate affordable energy to maintain and create New York State jobs," said Tenney.
To apply for future RNY allotments, visit http://nyworks.ny.gov and fill out a New York State Consolidated Funding Application (CFA). Further information can be found through NYPA at www.nypa.gov. Local businesses are encouraged to follow Assemblywoman Tenney’s economic development initiatives on Facebook, or call her office at 315-853-2383 with any local or state concerns.