Assemblywoman Sandy Galef announced new allocations of low cost power to businesses in the 90th Assembly District under the Recharge New York program. The recipients were chosen based on criteria that includes job retention and creation, energy efficiency, capital investment commitments, and consistency with regional economic development council priorities. “This is great for our local companies who supply jobs and save energy,” said Assemblywoman Galef. “I know it will help boost the economy in the area.”
Galef confirmed that this new allotment will benefit two businesses in the 90th Assembly District, both of which are located in Peekskill. BASF Corporation was recommended to receive 1,250 kilowatts (kW) of power, while RMS Packaging Inc. was recommended to receive 210 kW. The job commitment because of this low cost power is 210 and 20 jobs, respectively.
Assemblywoman Sandy Galef said, “As utility costs rise, the ReCharge New York program is helping businesses receive low-cost energy and encouraging job creation here in the Mid Hudson region, as well as keeping jobs in the area. I applaud Governor Cuomo for taking the lead on this effort and our two local companies for their hard work in applying for this low-cost power.”
An additional 161 business and not-for-profit organizations state-wide have been awarded more than 80 megawatts (MW) of low-cost power. Overall the Mid-Hudson region was allocated 8 MW of power to 10 enterprises, which are linked to more than 1,300 jobs in the region.
ReCharge New York is an economic development program that was signed into law by Governor Cuomo in April 2011, explained Galef. New York Power Authority’s (NYPA) oversees the program, and explains that the program’s purpose is to, “retain and create jobs through allocations of low-cost power.” Its focus is to keep jobs and capital investment in the state, stimulating economic recovery.
This second round of allotments brings the support provided to a total of 602 businesses and 76 not-for-profits. The program draws upon 910 MW of low-cost energy and offers up to seven-year contracts. NYPA received over 1,000 applications for ReCharge New York power.
For a full list of allocations made under the ReCharge New York program from the first two rounds of power allotments visit http://www.nypa.gov/ReChargeNY/default.htm