<p>ROCHESTER, N.Y. Officials say Illinois-based Recycled Energy Development will buy, upgrade and operate utilities on the grounds of Kodak's Eastman Business Park in Rochester.</p><p>RED Chief Executive Officer Sean Casten says Friday the company plans to invest $40 million to $80 million to upgrade a coal-fired power plant to natural gas.</p><p>The utilities provide power, steam, water, refrigeration, compressed air and nitrogen, and wastewater treatment for 37 tenants.</p><p>The business park was seen as vital toward keeping businesses in Rochester, made more pressing by Kodak's bankruptcy filing.</p><p><a href="http://online.wsj.com/article/AP4440a7d20084458998a3ab9148ab57ab.html">Keep reading...</a></p><p>Read also:</p><p><a href="http://www.whec.com/news/stories/S2874779.shtml?cat=565">Kodak reaches agreement to sell Eastman Business Park utility assets</a> (News 10NBC)</p><p><a href="http://www.democratandchronicle.com/article/20121220/NEWS01/312200050/Thomas-Richards-Kodak-power-plant">New York, Rochester, Kodak work on power plant plan</a> (Rochester Democrat and Chronicle)</p><p>Explore: <a href="http://news.google.com/news/more?ncl=d21NWeEXxCpfCzMHWpgVljxOvEfvM&ned=us">51 additional articles.</a></p>
