Low-Cost Electricity Supporting Nearly 17,000 Jobs in Capital Region
August 13, 2014
The ReCharge NY (RNY) power program—a statewide initiative introduced by Gov. Andrew M. Cuomo to lower electricity costs for key New York businesses—was spotlighted Tuesday by the New York Power Authority, which administers the program, and Hollingsworth & Vose (H&V), a RNY customer in Washington County. H&V is among 48 business and not-for-profit operations in the Capital Region benefiting from the program, which is directly linked to nearly 17,000 jobs in the area.
H&V, which is undertaking significant infrastructure and equipment upgrades at nearby specialty manufacturing facilities in Easton and Greenwich, benefits from a RNY allocation in direct support of 150 jobs. The low-cost power also is helping to facilitate the manufacturer’s investment in energy efficiency upgrades.
On Tuesday, H&V hosted representatives of NYPA and local elected and economic development officials at the company's Easton facility. The facility, located along the Battenkill River, has been operating since 1956 and began receiving RNY power in 2013, along with the Greenwich facility.
Governor Cuomo signed legislation in 2011 to launch RNY and help businesses and other enterprises lower their operating costs and spur economic development. The program provides lower cost power for businesses and not-for-profit organizations. More than 384,000 jobs statewide are linked to RNY. H&V is benefiting from more than 2 megawatts (MW) of RNY power, for significant savings on its utility bills. (One MW is enough electricity to meet the needs of between 800 to 1,000 typical homes.)
“We thank the State of New York and Governor Cuomo for their effort to lower energy costs to businesses through the ReCharge NY program,” said Val Hollingsworth, president and CEO of Hollingsworth & Vose. “This program helps us stay competitive and allows us to grow our business and invest in our New York facilities. Through this program, we are able to use a sustainable and renewable energy source, which is important to H&V and the local community. We are pleased to be in partnership with NYPA on this hydroelectric power allocation program.”
To locate Capital Region Recharge New York recipients visit: http://www.nypa.gov/RechargeNY/140729/ReChargeNYApprovedAllocations-CapitalDistrict.pdf.
“The history of Hollingsworth & Vose is a great American success story and New York State is proud to claim a piece of that success through the lower cost power that we’re providing under ReCharge NY,” said John R. Koelmel, NYPA chairman. “Governor Cuomo’s priority of partnering with New York’s business community to foster economic growth is a winning formula, and the participation of this robust manufacturing firm in ReCharge NY signals continued economic growth both for New York State and the companies that choose to do business here.”
“The Power Authority is happy to be working with Hollingsworth & Vose to help foster economic development in this wonderful community through low-cost electricity,” said Gil C. Quiniones, president and chief executive officer of the New York Power Authority. “The company’s long history is a testament to the forward-looking spirit of its management and also makes it a great fit for New York State’s creative programs to bolster manufacturing and other businesses and non-profits across the state.”
New York State Energy Research and Development Authority (NYSERDA) is providing support to H&V for efficiency and productivity improvements at its Greenwich and Easton facilities. Upgrades to the company’s paper manufacturing technology and process heating systems have resulted in improved operations and an overall reduction in energy intensity.
“NYSERDA's partnership with Hollingsworth & Vose aligns with Governor Cuomo's call to make New York’s building stock more energy efficient, which will help businesses reduce their energy consumption and provide savings that can then be reinvested,” said John B. Rhodes, President and CEO, NYSERDA. “This project highlights how public-private partnerships are scaling up New York’s clean energy economy, creating jobs and stimulating economic development.”
H&V is a global leader in the supply of technically advanced engine, high-efficiency and liquid filtration materials, battery separator materials and industrial specialty paper. The company operates manufacturing sites and research centers in North America, Europe and Asia. Its Washington County facilities include the two specialty paper manufacturing plants along with a research-and-development operation.
Half of the 910 MW of power available under the RNY program is low-cost hydropower from NYPA's Niagara Power Project and St. Lawrence-Franklin D. Roosevelt Power Project, which are hydroelectric facilities in Lewiston and Massena, respectively. The remaining 455 MW under the program is power secured by NYPA from wholesale market sources.
In addition to jobs and capital investments, the various statutory criteria for considering RNY applications include the extent to which an allocation would be consistent with existing regional economic development strategies, an applicant's risk of closure or curtailing operations, the significance of the applicant's facility to the local economy, and its commitment to energy efficiency.
STATEMENTS BY OTHERS:
“ReCharge NY is a program that is working and helping power New York’s economic resurgence. I support ReCharge NY and its goal of providing low-cost power to small businesses and non-profits so we can continue growing an economy that gives everyone the opportunity to succeed. While New York has seen progress, there is much more work to do. I want to commend the administration for making this program a top priority and helping local employers like Hollingsworth & Vose Company,” said New York State Senator Kathleen A. Marchione.
“It’s great to see help for this company knowing how important their success and the jobs they provide are to families in Washington County,” said New York State Senator Betty Little. “I’ve been pleased to support Governor Cuomo’s ReCharge NY program, an important economic development tool that brings together public and private investment to help build a better future in communities across upstate. Proof positive is right here at this facility.”
“Hollingsworth & Vose’s commitment to innovation has allowed the manufacturer to adapt and thrive in an ever-changing global marketplace,” said Capital Region Economic Development Regional Council Co-chairs Robert J. Jones, president, University at Albany, and James J. Barba, president of Albany Medical Center. “With the added support of programs such as ReCharge NY launched under Governor Cuomo’s leadership, businesses like Hollingsworth & Vose can create jobs throughout New York State and chart a course for the future.”
“The success of Hollingsworth & Vose illustrates the possibilities of adapting traditional industry to evolving technology,” said Laura Oswald, director of Economic Development, Washington County. “The 170-year old company has demonstrated nimble adaptation to changing industry as the company has migrated from traditional paper and pulp to alternative fibers. This model for a path to success fits exceptionally well in the Washington County economy as we seek growth avenues for our traditional industries. However, the escalating cost of utilities is a limiting factor to the path forward and we applaud Governor Cuomo’s ReCharge NY program for mitigating those barriers by lowering utility costs to our key businesses, thus ensuring critical jobs are kept and created.”
“I would like to thank Governor Cuomo for his ongoing efforts and concerns for the economic well-being of businesses in Washington County,” said Daniel Shaw, supervisor, Town of Easton. “Without programs like ReCharge NY, these businesses would not find the success and sustainability to grow within our communities and offer more employment opportunities.”
“Hollingsworth & Vose is a valued manufacturing business in our community,” said Sara Idleman, supervisor, Town of Greenwich. “We are thrilled that they have been chosen by ReCharge NY to receive support for capital improvements that will enable them to lower their energy costs. We are fortunate in the Greenwich-Easton area to be home to many innovative and enterprising businesses and manufacturers. Hollingsworth & Vose is a major player in that dynamic. It is important that the state and local governments and the community support the businesses that make our towns and villages great places to live and work.
Further information on RNY and Hollingsworth & Vose is contained in the following two-minute clip. http://www.youtube.com/watch?v=qRXM5P2MOq4&feature=youtu.be.
The New York Power Authority has been designated as the lead entity via Executive Order 88 by Gov. Andrew M. Cuomo to form a central management and implementation plan to carry out his Build Smart NY plan to reduce energy use by state facilities by 20 percent by 2020. NYPA uses no tax money or state credit. It finances its operations through the sale of bonds and revenues earned in large part through sales of electricity. NYPA is the nation's largest state public power organization, through the operation of its 16 generating facilities in various parts of New York State, participation in a unique public/private partnership to contract for power from a clean generating plant in Queens, and its operation of more than 1,400 circuit-miles of transmission lines. More than 70 percent of the electricity NYPA produces is clean renewable hydropower. Its lower-cost power production and electricity purchases support hundreds of thousands of jobs throughout the state. For more information visit www.nypa.gov and follow us on Twitter @NYPAenergy, Facebook, Instagram, Wordpress, and LinkedIn.
Last Updated: 12/18/2014