NY State Economic Development Power Allocation Board
The New York State Economic Development Power Allocation Board helps facilitate allocations of lower-cost electricity to ensure that businesses in New York State retain or create jobs. These allocations can also serve as a powerful incentive for firms at risk of closing or leaving the state.
The four-member board consists of two appointees of the Governor, one appointee of the Majority Leader of the Senate and one appointee of the Speaker of the Assembly. The board was established by the 1987 law creating the Economic Development Power program. EDPAB reviews applications and makes recommendations to the NYPA Board of Trustees for allocations that meet the criteria of programs administered by the Authority, primarily ReCharge NY. Under ReCharge NY, companies are awarded power contracts based on capital investment commitments, job retention and creation, consistency with regional economic development council priorities and other factors. Businesses participating in the program must also demonstrate a commitment to maximizing energy efficiency.
Along with input from the state’s Regional Economic Development Councils, EDPAB reviews applications and makes allocation recommendations to NYPA's Board of Trustees. NYPA's Trustees review EDPAB's recommendations prior to making final allocation decisions.