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| Kraft Heinz Plant in Lowville Receives Additional Power Allocation Through ReCharge NY Program 08/10/18 05:30pm |
New York Power Authority (NYPA) board approved an additional power allocation for the Kraft Heinz plant in Lowville, through the ReCharge NY program. The ReCharge NY program provides qualifying businesses and non-profit organizations with discounted NYPA power (discounted up to 25%), in exchange for commitments to retain or create jobs in New York State. NYPA's power allocations and economic development incentives have positively affected the New York State economy by encouraging companies to retain and create jobs, while sparking capital investment throughout the state, according to a press release. "Through Recharge NY and other state economic development programs, New York is working tirelessly to ensure that we continue to retain and attract business on a global scale," Governor Cuomo said. "These economic development programs incentivize businesses to lay down roots and expand in New York State, creating jobs and bolstering the economy for all hardworking New Yorkers." The NYPA board announced 22 ReCharge NY power awards, which will support more than 6,200 jobs and nearly $444 million in capital investment commitments. Including Tuesday's allocations, ReCharge NY provides more than 758 megawatts of power to 666 businesses and 80 nonprofit organizations in support of the creation and retention of jobs in New York State. The Kraft Heinz plant in Lowville, which was an existing ReCharge NY customer, had an allocation of 2,476 kW prior to the announcement. Their allocation was increased by 1,510 kW for a new total allocation of 3,986 kW, a NYPA official told linkinglewiscounty.com. Half of the allocation is available through low-cost hydro power, while the other half is available through the wholesale market. The seven year contract requires Kraft Heinz to retain the 391 jobs currently at the plant, while creating at least 44 new positions, the NYPA official said. The company must also make $7.1 million in new capital investments to the Lowville facility. Kraft Heinz in Lowville is one of four businesses in Lewis County receiving power allocations through the ReCharge NY program. Viking Cives USA, in Harrisville, has an allocation of 140 kW; Quibica AMF, in Lowville, has an allocation of 470 kW; Omniafiltra, LLC, in Beaver Falls, has an allocation of 710 kW. From the ReCharge NY website:
York State. Through the ReCharge NY program, qualifying businesses and nonprofits statewide can lower their energy costs by as much as 25% by using specially allocated NYPA power which is set aside by the state government and the NYPA board for economic support. Companies receiving allocated power have made commitments such as remaining in the state, keeping or growing employment, expanding operations, and/or making significant local investments in their businesses. Working with state and local entities, including Regional Economic Development Councils, Empire State Development Corp. and the New York State Economic Development Power Allocation Board, ReCharge NY attracts, keeps and grows businesses throughout New York." |
