DEVELOPMENT: Russell Farms Inc., Niagara Specialty Metals among the recipients. Dec 14, 2020
Dec 14, 2020
Russell Farms, Inc., is one of eight recipients of a ReCharge NY energy allocation approved last week by the New York Power Authority s board of trustees.
The company, based in Appleton and Burt, was granted 200 kilowatts of low-cost power in exchange for a $50,000 capital investment. No new jobs will be created, according to a fact sheet provided by Governor Andrew M. Cuomo s office, but two jobs will be retained.
ReCharge NY offers power contracts up to seven years. Half of the power, 455 megawatts, is from the Niagara and St. Lawrence-Franklin D. Roosevelt hydroelectric power plants. The other half is lower-cost power bought by NYPA on the wholesale market.