ReCharge NY Power Allocations Create More Than $184 Million in Capital Investments Throughout New York and 250 New Jobs
Power Awards to Support Nearly 3,650 Jobs on Long Island, including 120 New Jobs
Governor Andrew M. Cuomo today announced the latest round of ReCharge NY power allocations in support of more than 4,500 jobs and $184 million in capital investment commitments statewide. The New York Power Authority Board of Trustees today approved more than 3.7 megawatts of low-cost RNY power allocations to 11 enterprises at 13 locations throughout the state. The Governor's ReCharge NY program has positively affected the New York State economy by encouraging companies to retain and create jobs, while sparking capital investment throughout the state.
"ReCharge NY is a critical tool in strengthening New York's economy and spurring job creation and retention across the state," Governor Cuomo said. "These power awards incentivize businesses to stay and grow in our state for the benefit of all New Yorkers."
"Our aggressive clean energy goals are creating jobs and opportunities for investment across the state," Lieutenant Governor Kathy Hochul said. "The ReCharge NY program is supporting projects that are providing power to businesses and organizations and creating thousands of jobs. We are committed to advancing our energy and power initiatives that are helping to combat climate change and ensuring a cleaner and greener environment for future generations."
ReCharge NY provides qualifying businesses and non-profit organizations with discounted NYPA power in exchange for commitments to retain or e jobs in New York State. Including today's allocations, ReCharge NY is actively providing power to more than 770 businesses and not-for-profit organizations.
The low-cost power awards will be distributed to enterprises on Long Island, the Finger Lakes, the Mid-Hudson region and New York City.
This round of ReCharge NY power allocations offers significant support to enterprises on Long Island, providing commitments for nearly 3,650 jobs—which include 120 newly created positions—and nearly $10 million in capital investments.
Island International Exterior Fabricators, a manufacturer of exterior wall panels in Calverton, is building an extension to one of its facilities and has committed to the creation of 100 jobs, the retention of 218 jobs, and $2.7 million in capital investment. Also included in this round of power awards are allocations to three Northwell Health facilities in Nassau County for its commitment to retaining nearly 2,100 jobs, building upon the not-for-profit's longstanding engagement with the Governor's ReCharge NY program.
Other significant RNY recipients include Bausch & Lomb Incorporated and Fieldtex Products in Rochester and HealthAlliance Hospital in Kingston.
Bausch & Lomb, a contact lens manufacturer, is receiving power tied to the installation of two new technology manufacturing lines at its Rochester facility, creating 100 jobs, retaining 932 jobs, and committing to more than $148 million in capital investment. Fieldtex Products, a manufacturer of medical kits, is expanding its Rochester facility and creating 30 jobs, retaining 180 jobs, and committing to $6.3 million in capital investment.
HealthAlliance Hospital is consolidating its two Kingston hospitals into an expanded, technologically-advanced facility and has committed to retaining 400 jobs and $15 million in capital investment.
The ReCharge NY allocations are here.
The NYPA board today also approved 28 seven-year allocation extensions for existing ReCharge NY customers around the state. Those allocations directly support approximately 38,000 jobs and are tied to nearly $1.5 billion in new capital investments over the next several years.
The full list of today's seven-year RNY allocation extensions are here.
ReCharge NY offers up to seven-year power contracts. Half of the power—455 MW—is from NYPA's Niagara and St. Lawrence-Franklin D. Roosevelt hydroelectric power plants, which provide some of the greenest, cleanest and lowest-cost electricity in the state. The remaining 455 MW is lower-cost power bought by NYPA on the wholesale market.
NYPA Chairman John R. Koelmel said, "The economic development programs administered by NYPA are vital in boosting local economies throughout New York. This round of ReCharge NY allocations is a true testament to the Power Authority's steadfast commitment to job growth and economic development across the state."
NYPA President and CEO Gil C. Quiniones said, "NYPA's clean, low-cost hydropower is a major driver of economic growth, supporting thousands of jobs for hardworking New Yorkers in every corner of the state. ReCharge NY allows NYPA to leverage its low-cost hydropower to place us ahead-of-the-curve in helping businesses and not-for-profit organizations prosper in New York State."
Chairman of Assembly Standing Committee on Energy Assemblyman Michael Cusick said, "All of New York benefits from the inexpensive hydropower created by NYPA. Thanks to the ReCharge NY program, this power has become a significant source of economic activity and has led to the creation and preservation of thousands of jobs."
Chairman of Senate Committee on Energy and Telecommunications Senator Kevin S. Parker said, "Governor Cuomo's ReCharge NY program is consistently one of our state's most impressive economic developments. As we transition to becoming a clean energy state, harnessing New York State's natural resources to creating and keeping thousands of jobs is another incredible accomplishment."
NYPA is the largest state public power organization in the nation, operating 16 generating facilities and more than 1,400 circuit-miles of transmission lines. More than 70 percent of the electricity NYPA produces is clean renewable hydropower. NYPA 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. For more information visit www.nypa.gov and follow us on Twitter, Facebook, Instagram, Tumblr and LinkedIn.