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