 | |
| Company type | New York state authority |
|---|---|
| Industry | Power generation |
| Founded | 1931 |
| Founder | Franklin D. Roosevelt |
| Headquarters | , United States |
Key people | Justin Driscoll – President and CEO |
| Products | Electricity generation |
| Owner | State of New York |
| Website | nypa.gov |
The New York Power Authority (NYPA), is the largest state public power utility in the United States providing some of the lowest-cost electricity in the nation, operating 16 generating facilities and more than 1,400 circuit-miles of transmission lines. Its main administrative offices are in White Plains, New York
NYPA uses no state tax dollars and incurs no state debt, financing its projects principally through the sale of bonds. The bonds are repaid and the projects operated using revenues from operations.
State and federal regulations determine NYPA’s customer base, which includes large and small businesses, not-for-profit organizations, public power systems and government agencies. NYPA also sells electricity to private utilities for resale (without profit) to their customers, and to neighboring states[which?], under federal requirements. Approximately 70 percent of the electricity it produces is clean, renewable hydropower.
The New York Power Authority has been financially responsible for the New York State Canal Corporation since April 2016 and has owned it since January 1, 2017.[1]
Justin Driscoll has been the President and CEO since July 2023 and was previously acting President and CEO.[2]
- ^ "N.Y. Power Authority to Assume Ownership of Canal Corporation on New Year's Day". New York Power Authority. January 2, 2017. Archived from the original on February 8, 2017. Retrieved February 7, 2017.
- ^ "Socialists wanted him to resign. They lost". POLITICO.