Borough Park - Maimonides Medical Center is one of 19 Brooklyn institutions and businesses that will be able to pay a lot less for its electricity thanks to a state program supported by both Governor Andrew Cuomo and state Sen. Marty Golden.
The Democratic governor and the Republican state senator jointly announced that 517 businesses and not-for-profit organizations across the state, including 19 in Brooklyn, will be awarded the first round of lower cost power allocations under the ReCharge New York (R.N.Y.) program, a statewide initiative to make low cost power available to New York State companies.
In addition to Maimonides Medical Center, the Brooklyn sites include Beth Israel Medical Center, J.P. Morgan Chase, King Solomon Foods, Inc., and King TeleServices L.L.C.
The ability to obtain electricity at a lower cost will enable the businesses to have money to create jobs, Cuomo said.
The Board of Trustees of the New York Power Authority (N.Y.P.A.) approved the allocations totaling nearly 600 megawatts to 517 enterprises across New York in return for their retention of thousands of jobs and billions of dollars in capital investments. The power will be available July 1.
"Since taking office in January 2011, the focus of my administration has been creating jobs and partnering with the private sector to accelerate New York State's economic recovery," Governor Cuomo said.
"ReCharge New York allows us to supply low cost power to energy-intensive nufacturers and other key enterprises under long-term contracts to make sure these businesses stay in New York and hire New Yorkers," the governor said.
Golden said the program will have long-term benefits.
"I am glad to see that Brooklyn and New York City businesses will benefit from the ReCharge New York program. The availability of lower cost power will help businesses succeed, and stay, in New York State," he said.
More than 1,000 applications were received from businesses and institutions around the state eager to take part in the low cost program.
Additional power allotments under R.N.Y. are expected in the months ahead from the remaining amount of lower cost power set aside under the legislation for the program.
— Paula Katinas
May 4, 2012 - 2:06pm