NY Power Authority to continue low-cost power

Posted at 9:18 AM, Dec 17, 2014
and last updated 2015-12-12 09:18:54-05

The New York Power Authority board of trustees has approved another round of low-cost power allocations.

Thirty megawatts of cheaper power will be distributed among 59 businesses and one not-for-profit organization to support more than 10,300 jobs.

The cheaper power is part of Governor Andrew Cuomo's Recharge NY program. It's run by the NYPA and is designed to spur economic development throughout the state. Businesses and other entities that receive the cheaper energy agree to create or retain jobs.

The Cuomo administration announced the new allocations on Tuesday and says the program has provided more than 765 megawatts of power to more than 650 businesses and 72 not-for-profits over the past two and a half years.

One megawatt is enough power to meet the needs of 800 to 1,000 homes.