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Recharge NY Program Details for Economic Development

Learn about New York State's Recharge NY program for economic development through electric power allocations. See eligibility requirements and contact information here.

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Recharge NY Program Details for Economic Development

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  1. Information from 2011 CFA • 1,009 applications received by January 27, 2012 • 517 allocations approved by the NYPA Board of Trustees on April 24, 2012 • All 10 regions represented in the allocations of RNY power approved on April 24, 2012 • See map for approved allocations by region 2

  2. RNY Allocations Approved by Region 3

  3. RNY Program Description • RNY is Governor Cuomo’s new statewide economic development electric power program • 910 Megawatts (MW) • 50% NYPA hydropower • 50% market power procured by NYPA • At least 350 MW for applicants in upstate utilities territories • At least 200 MW for attraction and expansion purposes • Up to 100 MW for small businesses and not-for-profit corporations • Competitive application process • Long-term contracts of up to seven years 4

  4. Applicant Eligibility Requirements • Eligible applicants include: • Businesses • Small Businesses • Not-for-Profit Corporations • Ineligible applicants include: • Retail businesses • Sports venues • Gaming or entertainment related establishments • Places of overnight accommodations 5

  5. Project Cash Disbursement Methods • No cash disbursements under the RNY program • Benefit is in the form of a low-cost power allocation 6

  6. RNY Contact Information • Consolidated Funding Application (CFA): http://nyworks.ny.gov • Hotline: 888-JOBSNYS 888-562-7697 • Website: www.nypa.gov/rechargeny • Email Address: Recharge.NewYork@nypa.gov • Fax Number: 914-681-6255 7

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