Governor Cuomo signed the new, permanent version of the popular Power for Jobs program into law today.
From the Associated Press:
Cuomo signed the bill at Ascension Industries in North Tonawanda, north of Buffalo, on Thursday.
Recharge New York gives businesses like Ascension access to low-cost power, with the idea that they’ll use the savings to retain and create jobs. Unlike Power for Jobs, it allows businesses to enter into seven-year contracts, rather than for a single year. Companies are awarded contracts based on capital investment commitments, job retention and creation and other factors.
Dozens of businesses in the North Country use the program.
State Senator Patty Ritchie took some credit for Recharge NY’s passage as a co-sponsor and member of the Senate Energy Committee. She called Recharge NY “a dramatic improvement” over Power For Jobs.
The real battle was in the Assembly, where chamber leaders had been reluctant to support the legislation last session.