Ceretto: Low-Cost Power Helps Energize Local Economy

June 28, 2012
Assemblyman John D. Ceretto (R,I-Lewiston) today announced that several local businesses have been selected to receive low-cost power under the second round of allocations through the new ReCharge NY program. The businesses selected by the New York Power Authority Board of Trustees include Calspan Corporation, Diversified Manufacturing Inc., VanDeMark Chemical Inc., CWM Chemical Services and J.D. Calato Mfg.

“ReCharge NY is an important job creation and retention tool that makes New York a more attractive place to do business,” said Ceretto. “From supporting job growth throughout our region’s manufacturing sectors, to reducing energy costs for nonprofits, allowing them to better serve our community, ReCharge NY will help to revamp our economy one megawatt of power at a time.”

The ReCharge NY program that Assemblyman Ceretto helped pass will make 910 megawatts of low-cost electricity available to companies committed to creating and retaining jobs in New York. Businesses and institutions that receive ReCharge NY power allocations will be allowed to enter into contracts with the New York Power Authority (NYPA) for up to seven years, which provides long-term certainty to encourage new investment and expansion.

Assemblyman Ceretto noted that the appointment of John Koelmel, President and CEO of First Niagara Financial Group, as the new chairman of NYPA seems to be paying dividends for the region.

“We have had a number of successes in our efforts to bring more local control to NYPA,” said Ceretto. “From passing ReCharge NY and the Western New York Power Proceeds Allocation Act, to having a local resident as the NYPA Chairman, we have made important strides toward ensuring that the power we make here is discounted for the families and businesses who call our community home.”