Tenney: Recharging New York, Energizing Businesses
May 8, 2012
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.