NYSEG Awards $350,000 Grant to Owens-Illinois for Electric Infrastructure Improvements at Auburn Plant
Grant Is Part of NYSEG/RG&E’s $12 Million Annual Investment in Economic Development
FOR IMMEDIATE RELEASE
Rochester, NY – NYSEG recently awarded a $350,000 economic development grant to Owens-Illinois (O-I) for transformer and other electrical improvements at its glass container plant in Auburn.
This award is part of the approximately $12 million NYSEG and RG&E will invest annually in economic development in upstate New York during the next three years.
“The NYSEG and RG&E economic development programs are designed to encourage new capital investment and job creation by helping existing businesses grow, or to attract new business to upstate New York,” said Mark Lynch, president of NYSEG and RG&E.
“Receiving this grant from NYSEG will benefit O-I’s Auburn plant as we make electric infrastructure upgrades to improve the efficiency of the plant,” said Mark Smith, O-I’s Auburn plant manager. “Investments such as this help keep the Auburn plant competitive in the global marketplace for glass containers.”
“NYSEG is proud to help revitalize the upstate economy by assisting key companies like Owens-Illinois,” Lynch said. “We’ve seen a significant increase in grant applications during the last three months, which I believe is a solid indicator that the upstate New York economy is improving.”
Funding for this assistance was approved by the New York Public Service Commission as part of the new NYSEG/RG&E rate agreements that went into effect in September 2010. According to these agreements, NYSEG and RG&E are committed to award approximately $12 million in economic development grants annually for the next three years.
For more information or to apply for NYSEG/RG&E economic development assistance, please visit http://www.lookupstateny.com.
About NYSEG: NYSEG is a subsidiary of Iberdrola USA. NYSEG serves 873,000 electricity customers and 259,000 natural gas customers across more than 40% of upstate New York. Providing outstanding customer service and meeting our customers’ energy requirements in an environmentally-responsible manner, NYSEG is a valuable asset to the communities we serve. For more information, visit www.nyseg.com. Follow us on Twitter: www.twitter.com/NYSEandG .
About Iberdrola USA: Iberdrola USA, a subsidiary of global energy leader Iberdrola, S.A., is an energy services and delivery company serving more than 2.4 million customers in upstate New York and New England. For more information about Iberdrola USA, visit www.iberdrolausa.com.
About Owens-Illinois: Millions of times a day, O-I glass containers deliver many of the world's best-known consumer products to people all around the world. With the leading position in Europe, North America, Asia Pacific and Latin America, O-I manufactures consumer-preferred, 100 percent recyclable glass containers that enable superior taste, purity, visual appeal and value benefits for our customers' products. Established in 1903, the company employs more than 24,000 people with 81 plants in 22 countries. In 2009, net sales were $7.1 billion. For more information, visit www.o-i.com.