Once it was the province of dreamers. Renewable energy, they said, was the coming miracle. But economists dampened the optimism, claiming that renewables were hopelessly more costly than energy thats produced from coal, oil and gas.
Now, the Power Authority is proving the economists wrong. Wind, solar, fuel cells, the truly modern renewables, are not only increasingly economical, theyre also readily available. And NYPA is drawing on their potential, along with robust energy-efficiency initiatives, to loosen the grip of fossil fuels, improve air quality and usher in a new age of energy security.
This Annual Report focuses on the Power Authoritys activities in these areas and its efforts to promote economic development and strengthen the reliability of New Yorks power supply, with comments by an expert on each topic.