Energy Cost Savings Allow IP's Ticonderoga, NY, Mill to Retain 650 Jobs, Invest $100M
Officials gathered Wednesday at International Paper’s Ticonderoga, NY, mill to announce that energy supplied to the mill through the ReCharge NY program will allow the mill to make new investments and retain workers.
Gil Quiniones, president and CEO of the New York State Power Authority, said the program supplies low-cost power sourced from renewable sources, much of which is hydroelectricity. Quiniones said the savings on energy will help International Paper strengthen its operations in Ticonderoga.
“In return they’ve committed to retain 650 jobs and to invest and expand these operations by another $100 million so