The New York Power Authority (NYPA) Board of Trustees plans to delay allocations under the ReCharge New York (RNY) Program until its April 24 meeting.
The board had planned to allocate power through the program at its March 27 meeting, but changed the date due to the large number of applications and extensive information being evaluated. The ReCharge program is a low-cost power initiative signed into law last year by the governor.
It’s meant to retain and create jobs in the state through a mix of authority hydropower and other economical market power sources.
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“NYPA staff has been thoroughly engaged for months in reviewing a vast amount of data and other information from applications submitted by prospective ReCharge New York customers,” James Pasquale, NYPA senior vice president for marketing and economic development, said in a news release. “We’ve made great progress in the competitive review of the applications for ReCharge New York and are looking forward to the first recommendations and allocations in April, as we work to maximize the economic development benefits in the state.”
ReCharge will replace two other statewide programs, Power for Jobs and the Energy Cost Savings Benefit, which expire June 30. The date change for allocation decisions will not affect the July 1 statutory deadline for ReCharge implementation, according to the authority.
The authority has received more than 1,000 applications for power through the program from businesses and nonprofit groups.
Contact Tampone at ktampone@cnybj.com
