The New York Power Authority (NYPA) Board of Trustees has approved another round of low-cost power allocations under the ReCharge NY (RNY) program. The nearly 33 megawatts (MW) of low-cost power will be distributed among 47 enterprises at 53 facilities and are expected to leverage an estimated $1 billion in capital investments. Nearly 17,000 jobs are being supported by this round of allocations.
This is the seventh round of power allocations under the RNY program, which stems from legislation signed by the Governor in 2011. The program, administered by NYPA, is designed to spur economic development throughout the state by providing low-cost power to businesses and other entities that agree to create or retain jobs.
For more information on the allocations, visit Governor Cuomo’s website.