Statement by N.Y. Power Authority Chairman John R. Koelmel and President and CEO Gil C. Quiniones on Resignation of Vice Chairman John S. Dyson From NYPA Board

Michael Saltzman
(914) 390-8181

July 10, 2012

The New York Power Authority (NYPA) Board of Trustees and executive management are grateful to John S. Dyson for his significant contributions during the past year and a half on the NYPA board. Vice Chairman Dyson, who plans to leave the board as of Aug. 5, has helped to advance the ambitious energy policies of Gov. Andrew M. Cuomo for strengthening the infrastructure of New York State’s electric power system, furthering energy efficiency and clean energy goals and promoting economic development through lower cost power allocations.  

The dedicated leadership of Vice Chairman Dyson facilitated many achievements, including launching Governor Cuomo’s “Energy Highway” initiative for bolstering the state’s electric power system; new record investments by NYPA in energy efficiency and clean energy projects; and launching of the Governor’s ReCharge NY Program to provide lower cost power to businesses and other enterprises in return for the retention and creation of hundreds of thousands of jobs and major capital investments. 

In addition, he helped facilitate a strong executive management team at NYPA, including the president and CEO, chief operating officer, chief financial officer, and executive vice president and general counsel.   
Vice Chairman Dyson has a special connection to the Power Authority, with his having served as NYPA’s chairman from 1979 to 1985.  We respect his desire to return his full-time attention to his investment firm and private life, and wish to express our gratitude for all that he has done in the Power Authority’s support of Governor Cuomo’s vigorous energy policies for clean, economical and reliable electricity for all New Yorkers.

About NYPA:

■ The New York Power Authority uses no tax money or state credit. It finances its operations through the sale of bonds and revenues earned in large part through sales of electricity. ■ NYPA is a leader in promoting energy efficiency, new energy technologies and electric transportation initiatives. ■ It is the nation's largest state public power organization, with 17 generating facilities in various parts of New York State and more than 1,400 circuit-miles of transmission lines. ■ Approximately 80 percent of the electricity it produces is clean renewable hydropower.  Its lower-cost power production and electricity purchases support hundreds of thousands of jobs throughout the state. ■For more information, www.nypa.gov.


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