Section V
				POWER AUTHORITY OF THE STATE OF NEW YORK
				Summary of Bids Solicited for the Purchase or Sale
				of Securities and Transactions Consummated with Dealers
				For the Year Ended December  31, 2004
							CDs and
	Bids		Bids		Securities		Repurchase		Total
Primary Dealers	Accepted		Solicited		Purchased/Sold		Agreements		Transactions
Citigroup	14		195		112,372,119		0		112,372,119
Deutsche Bank	52		87		465,343,690		50,000,000		515,343,690
Goldman Sachs	8		11		30,039,160		0		30,039,160
JP Morgan Chase	93		93		315,395,996		0		315,395,996
Key Bank	14		14		0		5,189,621		5,189,621
Lehman Brothers	92		155		58,694,067		3,200,000,000		3,258,694,067
Merrill Lynch	15		61		112,981,153		0		112,981,153
Mizuho	88		218		260,072,538		2,220,000,000		2,480,072,538
	376		834		1,354,898,724		5,475,189,621		6,830,088,345
Minority-Owned Dealers
	#REF!		#REF!		#REF!		#REF!		#REF!
Blaylock & Partners	17		26		391,128,119		0		391,128,119
Redwood Securities	8		8		139,904,636		0		139,904,636
SUBTOTAL	25		34		531,032,755		0		531,032,755
Grand Total	401		868		1,885,931,478		5,475,189,621		7,361,121,099