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Electric bill reductions awarded to LI businesses

Canon USA, which is building its headquarters in

Canon USA, which is building its headquarters in Melville, is among about 80 Long Island businesses, hospitals and nonprofits that have been awarded breaks on their electric bills under a new state program. (Feb. 1, 2012) Photo Credit: Newsday / Audrey C. Tiernan

Nearly 80 businesses, hospitals and not-for-profit organizations on Long Island have been awarded breaks on their electric bills under a new state program, officials said Wednesday.

The aid is in return for commitments to create jobs, purchase equipment and remain in New York State for the next seven years. The aid begins July 1 when ReCharge New York replaces two other programs, Power for Jobs and Energy Cost Savings Benefit.

Many of the local ReCharge New York recipients also participated in the two expiring programs.

The largest low-cost power allocations will go to Canon USA Inc., 3,990 kilowatts; CA Technologies, 2,560; North Shore University Hospital, 2,536; Broadridge Financial Solutions, 2,400; and LNK International, 2,300.

Gov. Andrew M. Cuomo said, “ReCharge New York allows us to supply low cost power to energy-intensive manufacturers and other key enterprises under long-term contracts to make sure these businesses stay in New York and hire New Yorkers.”

More than 500 companies and not-for-profits statewide received power allocations in the first round of awards. Officials at the New York Power Authority said there would likely be additional awards this year.

Kevin Law, president of the Long Island Association business group and co-vice chairman of the Long Island Regional Economic Development Council, said reducing employers’ electric bills “will help retain and create thousands of jobs in our region.”

Photo: The new Canon USA headquarters going up in Melville.

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