The ReCharge NY
program was created by the Governor and put in place by the Legislature in
2011. The program is designed to spur economic development in all corners of
the state by providing low-cost power to businesses and other entities that
agree to create or retain jobs.
"Low-cost power
is an important economic development tool for businesses to reduce their
overall costs and make new investments,” Governor Cuomo said. “ReCharge NY has
proven to be a major success and this fifth round of low-cost power allocations
will support job growth and economic development in communities across the
state."
John R. Koelmel, NYPA
chairman, said, “The latest allocations represent an important investment in
key employers and are yet another step in allotting all 910 megawatts of power
under the Governor’s ReCharge NY program. This marks the fifth round of
allocations—the first such round in 2013—and we expect to continue the momentum
through the year in optimizing the benefits of the program’s lower cost power
for New York State’s economy.”
Gil C. Quiniones, NYPA
president and chief executive officer, said, “We have been working very closely
with Empire State Development and the Governor’s regional economic development
councils to strategically allocate the power under the ReCharge NY program to
make it as impactful as possible for the various areas of the state. NYPA will
continue to follow the Governor’s lead in our carrying out this vital program.”
The first four rounds
of allocations under the Governor’s program occurred last year and accounted
for approximately 730 MW to 612 businesses and 75 not-for-profit organizations.
(One megawatt is enough power to meet the needs of 800 to 1,000 typical homes.)
Senator George D.
Maziarz, Chairman of the Senate Energy and Telecommunications committee said,
"The ReCharge NY Program is one that will help sustain thousands of jobs
across New York State. I have long said that low-cost hydropower is the best,
most unique tool we have to promote economic development. I congratulate these
businesses on their selection and I look forward to the continued allocations
that this program will provide to more businesses across the State."
Assembly Energy
Committee Chair Amy Paulin said, “By reducing their energy costs we allow New
York’s job creators to focus on growing their businesses and expanding their
workforce. This funding represents a crucial investment in the health of New
York’s economy. I thank the Governor for his leadership on ReCharge New York, a
program that spurs economic development and helps ensure a strong economic
future for the Empire State.”
In addition to jobs
and capital investment commitments, other evaluation criteria for ReCharge NY
applications included the significance of the cost of electricity to the
overall cost of doing business, applicant’s risk of closure or curtailing
operations, the significance of the applicant’s facility to the local economy,
and its commitment to energy efficiency.
The ReCharge NY
program offers up to seven-year power contracts. Half of the power under the
program—455 MW—is low-cost electricity from the Power Authority’s Niagara and
St. Lawrence-Franklin D. Roosevelt hydroelectric power plants. The remaining
455 MW is economical power secured by NYPA from market sources.
Allocations for Job
Retention:
Company
|
City
|
kW
|
Capital Investment
($)
|
Benchemark Printing,
Inc.
|
Schenectady
|
236
|
$1,000,000
|
Capital District
Region Sub-totals:
|
236
|
||
Garlock Sealing Technologies,
LLC
|
Palmyra
|
1,950
|
$10,000,000
|
Finger Lakes Region
Sub-totals:
|
1,950
|
$10,000,000
|
|
Air Stream Corp.
|
Oceanside
|
150
|
$250,000
|
Formed Plastics,
Inc.
|
Carle Place
|
246
|
$200,000
|
Island Pro Digital,
Inc.
|
Hauppauge
|
10
|
$100,000
|
New York Label &
Box Corp.
|
Islandia
|
50
|
$500,000
|
Rainbow Media
Holdings, LLC
|
Bethpage
|
836
|
$20,000,000
|
Long Island Region
Sub-totals:
|
1,292
|
$21,050,000
|
|
Teatown Lake
Reservation
|
Ossining
|
10
|
$350,000
|
Mid-Hudson Region
Sub-totals:
|
10
|
$350,000
|
|
Rainbow Media
Holdings, LLC
|
New York
|
280
|
$5,000,000
|
Tommy Hilfiger USA,
Inc.
|
New York
|
556
|
$3,200,000
|
New York City Region
Sub-totals:
|
836
|
$8,200,000
|
|
Cives Steel Company,
Northern Division
|
Gouverneur
|
220
|
$100,000
|
Current
Applications, Inc.
|
Watertown
|
40
|
$693,000
|
Prevost Car (US)
Inc.
|
Plattsburgh
|
130
|
$0
|
Soucy USA
|
Champlain
|
170
|
$450,000
|
North Country Region
Sub-totals:
|
560
|
$1,243,000
|
|
Clifford H. Jones
Inc.
|
Tonawanda
|
40
|
$50,000
|
Culinary Art's
Specialties, Inc.
|
Cheektowaga
|
220
|
$1,150,000
|
JJP Contract
Packaging, D/B/A Plesh Contract Packaging
|
Buffalo
|
76
|
$250,000
|
Western New York
Region Sub-totals:
|
336
|
$1,450,000
|
Allocations for Job
Creation:
Company
|
City
|
kW
|
Project Capital
Investment ($)
|
Benchemark Printing,
Inc.
|
Schenectady
|
106
|
$1,000,000
|
Capital District
Region Sub-totals:
|
106
|
$1,000,000
|
|
Cayuga Marketing LLC
|
Auburn
|
4,760
|
$97,664,840
|
607 Phillips Street
Holdings, Inc.
|
Fulton
|
3,150
|
$3,250,000
|
Central New York
Region Sub-totals:
|
7,910
|
$100,914,840
|
|
Select Product
Holdings LLC
|
Huntington
|
700
|
$5,000,000
|
Long Island Region
Sub-totals:
|
700
|
$5,000,000
|
|
Prevost Car (US)
Inc.
|
Plattsburgh
|
90
|
$4,500,000
|
North Country Region
Sub-totals:
|
90
|
$4,500,000
|
|
Culinary Art's
Specialties, Inc.
|
Cheektowaga
|
80
|
$2,000,000
|
Western New York
Region Sub-totals:
|
80
|
$2,000,000
|
