Nine facilities will receive low-cost power through New York State’s program in exchange for pledges to make $138 million in capital improvements and retain 6,800 jobs. The low-cost power deal allows Northwell hospitals and sites to consume green, clean hydroelectric energy.
The money saved will be allocated to job retention and facility improvements, including $95 million in building upgrades at five Long Island sites and another $43 million in capital improvements at four medical facilities in Queens and Manhattan.
“Under the ReCharge NY program, we can purchase an allocation of lower cost power from the New York Power Authority in exchange for making a commitment to retain jobs in New York State,” said Frank Porretto, energy manager at Northwell Health. “Also, because most of the power is generated from hydroelectric sources, Northwell’s carbon footprint is reduced. So it’s a win for Northwell, the economy and the environment.”
“NYPA powers businesses all cross the state with the Governor Cuomo’s ReCharge NY program,” said Gil C. Quiniones, NYPA president and CEO. “As part of this impactful economic development engine, the Power Authority’s partnership with Northwell has been incredibly significant for the state, leading to the retention of thousands of jobs and the investment of more than $100 million.”
To receive a ReCharge NY seven-year power contract, companies and organizations must apply. Northwell has participated in the past with other facilities in the health system receiving the power rate reduction. Sites receiving the discount this year include:
|Glen Cove Hospital||446||820||$14,090,783|
|Lenox Health Greenwich Village||246||130||$26,000,000|
|Long Island Jewish Forest Hills||366||1,355||$9,003,327|
|Long Island Jewish Valley Stream||260||1,010||$48,163,895|
|Manhattan, Eye, Ear, and Throat Hospital||316||322||$5,000,000|
|Stern Center for Rehabilitation||170||461||$4,914,000|
|Zucker Hillside Hospital||126||853||$2,970,000|