To receive the seven-year ReCharge contracts, companies must apply. The money will go toward retaining jobs, along with $95 million for building upgrades for five Long Island facilities and $43 million for similar upgrades at four New York City facilities.
“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.”
More articles on healthcare finance:
Walmart increasingly comparing physicians over cost: 5 things to know
Arkansas hospital operator ousted over ‘real and present danger’ to assets
Dueling healthcare policy proposals spark $40B stock sell-off
