The New York Power Authority (NYPA) Board of Trustees on March 31 approved a plan to provide fiscal relief to its economic development power customers during the ongoing COVID-19 pandemic.
Specifically, NYPA is waiving applicable energy and demand rate increases for its economic development power customers that participate in its ReCharge New York, Replacement Power, Expansion Power and Preservation Power programs for the July 1, 2020, to June 30, 2021, rate year.
In addition, customers participating in those NYPA power programs are now able to suspend payment to NYPA for up to six months beginning with their April 2020 electric bill.
Customers that opt-in to the new relief program can make payment installments over the following 18-months, free from any interest or penalties.
As part of its commitment to the communities that host NYPA's major hydropower facilities, NYPA offers low-cost power to support business operation and expansion in the Niagara region and in the counties near the St. Lawrence Power Project.
Additional details on the ReCharge New York, Replacement Power, Expansion Power and Preservation Power programs are available here.