Recharge NY would allow companies to enter into long-term contracts of up to seven years, allow the state to allocate more energy for the program and expand the benefits to more companies and not-for-profit organizations.

The Power for Jobs program was created in 1997 to provide 400 megawatts of cheap electricity for businesses and not-for-profit corporations that commit to create or retain jobs in the state.

Under the program, qualified participants receive power from the New York Power Authority under a sale-for-resale agreement, whereby NYPA provides the power to the customer’s local utility, which then delivers it to the customer. Participants receive benefits either through a cash rebate from NYPA to offset their electricity costs or through discounted rates.

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