Businesses and Dairy Farms in St. Lawrence, Jefferson and Franklin Counties will receive Average one-year savings of $1,200, low-cost St. Lawrence Hydropower to Provide up to $10 Million in savings
Governor David A. Paterson today announced that more than 3,500 Northern New York businesses and dairy farms will receive an approximately 9 percent discount on their electric bill for the next year. The savings will only go to St. Lawrence, Jefferson and Franklin counties and will be worth an average of $1,200 for each electric customer – with some of the largest electricity users possibly saving up to $250,000 over the period.
The New York Power Authority (NYPA) developed the temporary power discount program in conjunction with the Governor’s Office, and could result in up to $10 million in total savings. The Governor made the announcement at Wood Farms in Cape Vincent.
“During these difficult economic times, New York’s small businesses and our dairy farms are struggling to get by, and every little bit can help. Electric bills make up one of the largest expenses for any business, and this discount can help businesses and dairy farms in St. Lawrence, Jefferson and Franklin counties make it through the next year,” said Governor Paterson. “This effort will harness one of the North Country’s greatest assets – low-cost hydropower – to provide millions of dollars in savings to North Country businesses and dairy farms, reflecting our determination to direct the benefits of the St. Lawrence-FDR project to revitalize the region’s economy.”
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