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New Energy Services Venture to Set up HQ in Westchester

HARRISON, NY-The New Power Co. will be relocating its corporate headquarters from offices in Greenwich, CT to Harrison in Westchester County.

By John Jordan | Updated on September 20, 2000

HARRISON, NY-The energy services provider has signed a lease deal for 38,000 sf of space at 1 Manhattanville Rd., part of the Centre at the Purchase office complex owned by Related Properties Corp. of New York City. Westchester County government reports that The New Power Co. has been offered more than $1 million in incentives to move from Connecticut.

The firm, which has planned an initial public offering for October, was formed by Enron Corp., of Houston in May and has the likes of IBM and America Online as strategic partners, a company spokesperson says.

New Power will receive $292,000 in sales tax exemptions from the county’s Industrial Development Agency. The county has also offered another $255,000 in utility discounts. The IDA is expected to approve the sales tax exemptions on Thursday, Sept. 21. The company is also eligible to apply for a $475,000 grant from Empire State Development Corp., says Westchester County Economic Development Director Salvatore Carrera.

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