Information from 2011 CFA  1,009 applications received by January 27, 2012  517 allocations approved by the NYPA Board of Trustees on April 24, 2012.

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Presentation transcript:

Information from 2011 CFA  1,009 applications received by January 27, 2012  517 allocations approved by the NYPA Board of Trustees on April 24, 2012  All 10 regions represented in the allocations of RNY power approved on April 24, 2012  See map for approved allocations by region 2

RNY Allocations Approved by Region 3 Region No. of Apps % of Apps Capital District377% Central New York7214% Finger Lakes499% Long Island7915% Mid-Hudson296% Mohawk Valley499% New York City8116% North Country265% Southern Tier316% Western New York6412% %

RNY Program Description  RNY is Governor Cuomo’s new statewide economic development electric power program  910 Megawatts (MW)  50% NYPA hydropower  50% market power procured by NYPA  At least 350 MW for applicants in upstate utilities territories  At least 200 MW for attraction and expansion purposes  Up to 100 MW for small businesses and not-for-profit corporations  Competitive application process  Long-term contracts of up to seven years 4

Applicant Eligibility Requirements  Eligible applicants include:  Businesses  Small Businesses  Not-for-Profit Corporations  Ineligible applicants include:  Retail businesses  Sports venues  Gaming or entertainment related establishments  Places of overnight accommodations 5

 No cash disbursements under the RNY program  Benefit is in the form of a low-cost power allocation Project Cash Disbursement Methods 6

RNY Contact Information  Consolidated Funding Application (CFA):  Hotline: 888-JOBSNYS  Website:  Address:  Fax Number: