MINUTES OF THE REGULAR MEETING OF THE

POWER AUTHORITY OF THE STATE OF NEW YORK

 

November 27, 2007

 

Table of Contents

 

            Subject                                                                                                                   

 

            Introduction                                                                                                        

 

1.             Minutes of the Regular Meeting held on October 30, 2007                   

2.             Financial Reports for the Ten Months Ended October 31, 2007                      

3.             Report from the President and Chief Executive Officer                              

4.             Power for Jobs Program – Extended Benefits                                                      
Resolution

5.             Hydropower Contracts with Upstate Investor-Owned Utilities for Resale to Rural and Domestic Consumers - Transmittal to the Governor
Resolution

6.             Procurement (Services) Contract - Term Natural Gas Supply  Contracts for the 500 MW Combined Cycle Power Plant
Resolution

7.             Informational Presentation about Energy Services Programs 

8.             Motion to Conduct an Executive Session                                  

9.             Motion to Resume Meeting in Open Session                            

10.          Next Meeting                                                                                                             

            Closing                     

Minutes of the Regular Meeting of the Power Authority of the State of New York held via video conference at the following participating locations at 11:00 a.m.:

1)       New York Power Authority, 123 Main Street, White Plains, NY

2)       New York Power Authority, Niagara Power Project, 5777 Lewiston Road, Lewiston, NY

3)    Harris Beach, PLLC, 99 Garnsey Road, Pittsford, NY

The following Members of the Board were present at the following locations:

                                Frank S. McCullough, Jr., Chairman (White Plains, NY)

                                Michael J. Townsend, Vice Chairman, (Pittsford, NY)

                                D. Patrick Curley, Trustee (White Plains, NY)

                                James A. Besha, Sr., Trustee (White Plains, NY)

                                Elise M. Cusack, Trustee (Lewiston, NY)

                                Robert E. Moses, Trustee (White Plains, NY)

                                Thomas W. Scozzafava, Trustee (White Plains, NY)

                               

 

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Roger B. Kelley                                    President and Chief Executive Officer

Thomas J. Kelly                                   Executive Vice President, General Counsel and Chief of Staff

Joseph Del Sindaco                             Executive Vice President and Chief Financial Officer

Gil C. Quiniones                                   Executive Vice President – Energy Marketing and Corporate Affairs

Vincent C. Vesce                                 Executive Vice President – Corporate Services and Administration

Steven J. DeCarlo                                Senior Vice President – Transmission

Angelo S. Esposito                               Senior Vice President – Energy Services and Technology

William J. Nadeau                               Senior Vice President – Energy Resource Management and Strategic Planning

Brian Vattimo                                      Senior Vice President – Public and Governmental Affairs

Edward A. Welz                                   Senior Vice President and Chief Engineer – Power Generation

James H.Yates                                     Senior Vice President – Marketing and Economic Development

Arnold M. Bellis                                   Vice President, Controller

John M. Hoff                                       Vice President – Procurement and Real Estate

Donald A. Russak                               Vice President – Finance

William V. Slade                                  Vice President – Environmental, Health and Safety

Thomas Warmath                               Vice President and Chief Risk Officer

Daniel Wiese                                         Inspector General and Vice President – Corporate Security

Brian C. McElroy                                Treasurer – Corporate Finance

Anne B. Cahill                                      Corporate Secretary

Angela D. Graves                                 Deputy Corporate Secretary

Dennis T. Eccleston                             Chief Information Officer

Paul F. Finnegan                                  Executive Director – Public and Governmental Affairs

James F. Pasquale                               Director – Business Power Allocations, Compliance and Municipal and

                                                                    Cooperative Marketing

Michael A. Saltzman                          Director – Media Relations – Public and Governmental Affairs

Gerard R. Mullin                                  Director – Fuel Planning and Operations – Energy Resource Management

Caroline G. Garcia                               Manager – Power Contracts

Lesly Y. Pardo                                      Manager – Internal Audit

Lou Paonessa                                       Community Relations Manager – Public and Governmental Affairs
Mary Jean Frank                                 Associate Corporate Secretary
Lorna M. Johnson                               Assistant Corporate Secretary
Maribel Cruz                                        Conservation Engineer – Energy Services and Technology
William Schneider                               Contractor
Kevin O’Keefee                                   Video Consultant

 

Chairman McCullough presided over the meeting.  Corporate Secretary Cahill kept the Minutes.

 

                Introduction

                Chairman Frank McCullough said that a short Executive Session to br