Sixty-four companies in Western New York, from Calspan Corp. to Norampac Industries, are receiving low-cost electricity from the New York State Power Authority's Recharge New York program.
The program replaces the state's Power for Jobs program, which had been criticized by business officials and recipients because it recently had been operating only year-to-year.
Calspan, the Cheektowaga research company, is the biggest local recipient under the Recharge New York allocations announced Wednesday. Calspan is set to receive 5,500 kilowatts of lower-cost electricity, almost double the 2,900 kilowatts granted to the second-biggest recipient, Norampac's Niagara Falls division.
Other major recipients include Roswell Park Cancer Institute, Yahoo Inc., Buffalo General Hospital, Derrick Corp. in Cheektowaga, Cliffstar LLC in Dunkirk, Aurubis Buffalo and 3M Co. Each of those companies is receiving at least 1,000 kilowatts of electricity.
The companies receiving power are expected to sign contracts with terms of as long as seven years. The new allocations will kick in at the beginning of July, after the Power for Jobs program expires.
The program combines the 455 megawatts of electricity previously used by the Power for Jobs with another 455 megawatts that now is used to cut residential electric bills across upstate by $2 to $4 a month.
State and business officials, including the Business Council of New York State and the Buffalo Niagara Partnership, have long argued that using the residential power for economic development would have a bigger impact on the state's economy.
"The Recharge NY Program is something that I championed in Albany in order to provide both jobs for this area as well as stability for companies in the assurance of a seven-year contract," said State Sen. George D. Maziarz, R-Newfane.
"The businesses awarded these contracts are very deserving, and they show their commitment to this area," he said. "This low-cost energy will inevitably help keep businesses in this area for a long time."
For a complete list of the Western New York recipients under theprogram, go to the Strictly Business blog at www.buffalonews.com.