The New York Power Authority Board of Trustees recently approved an allocation of low-cost power for Amphenol Aerospace Operations of Sidney, according to a media release. Amphenol's facility was damaged during last summer's tropical storms, so the company plans to move its manufacturing to another local site safer from flooding.
In November, Gov. Andrew M. Cuomo announced a $20 million incentive package to Amphenol Aerospace to keep the company in Sidney and save nearly 1,000 jobs.
On Tuesday, NYPA's Board of Trustees awarded 2,300 kilowatts of low-cost power through its Municipal and Rural Electric Cooperative Economic Development Program. This program makes available power to the 51 municipal electric systems and rural cooperatives throughout the state for economic development purposes in the systems' service territories.
"With the support of low-cost power and other state incentives, Amphenol Aerospace, one of Delaware County's most significant employers, will continue to call New York state 'home' and remain an integral part of the community and the economy," Cuomo said in the release.
The power allocation request was submitted to the Power Authority by Delaware County Electric Corporation on behalf of Amphenol Aerospace. The allocation will be contingent upon service interconnection between the electric corporation and the company.
"We are pleased to work with Amphenol Aerospace to meet the electricity needs of this important Delaware County employer," Delaware County Electric Cooperative CEO and General Manager Gregory Starheim said in the release. "This power allocation from the New York Power Authority will also help support economic recovery efforts throughout our service territory, which was so badly ravaged by last summer's severe weather."
The incentive package agreed upon last year also includes land acquisition, site improvements and the construction of the new manufacturing facility. Total capital investment for the expansion project is expected to exceed $35 million with the new facility consisting of a 210,000-square-foot manufacturing space and 60,000-square-foot office space.
"We at Amphenol are proud to renew our commitment to New York state and to our local employees, the vast majority of whom were faced with the same devastating aftermath of Hurricane Irene and Tropical Storm Lee as was our company last summer," Amphenol Aerospace & Industrial Group Senior Vice President Gary Anderson said in the release.
Tuesday's announcement was hailed by Sen. John Bonacic, R-Mount Hope, and Assemblyman Pete Lopez, R-Schoharie, who worked with local and state officials on the incentive package.