- Associated Press - Thursday, May 1, 2014

ALBANY, N.Y. (AP) - Gov. Andrew Cuomo is praising a state program that offers companies access to affordable energy in exchange for the creation or retention of jobs.

The Democratic governor said Wednesday that the initiative, called ReCharge NY, has supported 600 jobs at International Paper’s Ticonderoga paper mill.

Companies and non-profits participating in the program can get lower-cost energy if they promise to use the savings to help retain or create jobs. Half of the energy comes from hydropower.

Cuomo says Recharge NY is an important part of the state’s economic development efforts