Timothy S. Carey, Former President & CEO of Battery Park City Authority, Named N.Y. Power Authority Chief Operating Officer

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Michael Saltzman 
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michael.saltzman@nypa.gov

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September 23, 2005

FOR IMMEDIATE RELEASE

WHITE PLAINS—New York Power Authority (NYPA) President & Chief Executive Officer Eugene W. Zeltmann Friday announced the appointment of Timothy S. Carey, former head of the Battery Park City Authority (BPCA), as NYPA chief operating officer (COO) to oversee the daily functions of the statewide public power utility, which provides up to one-quarter of New York State’s electricity.

 “The various leadership positions that Tim Carey has held during his many years in public service, including President & CEO of the Battery Park City Authority, as well as his extensive knowledge of NYPA’s operations and New York State’s energy picture, make him uniquely qualified for this new challenge,” said Zeltmann, NYPA’s president and chief executive officer (CEO). “As a member of the Power Authority board over the last five years, Tim has a deep appreciation of the value our organization brings for electricity-service reliability, economic development, clean air, and energy diversity. I look forward to working closely with Tim over the next several months in anticipation of my retirement in early 2006. I also want to thank Governor Pataki for the tremendous opportunity to serve this state on energy issues over the past 10 years.”

 “The Power Authority’s effort to achieve Governor Pataki’s goal of reducing our dependency on foreign oil by investing in clean, sustainable technologies is something I have been proud to be a part of as a NYPA board member,” said Carey. “During this time of high oil and natural gas prices, which have widespread impacts on the nation’s economy, I look forward to taking on additional responsibilities as NYPA’s chief operating officer to help underscore the importance of clear, forward-thinking energy policies that also benefit the environment.”

On Sept. 12, Carey stepped down as president and CEO of BPCA after six years of service. During his tenure, Carey was responsible for BPCA’s adoption of “Residential and Commercial Environmental Guidelines,” which mandate that all future development in Battery Park City reduce energy and water consumption, incorporate recycled materials in construction as well as recycle construction waste and enhance indoor air quality. The Solaire in Battery Park City was the nation’s first sustainable residential high-rise built under these guidelines. When Battery Park City is complete, it will contain 4.5 million square-feet of sustainable construction.

Carey was also responsible for working to recover Battery Park City following the September 11, 2001, attack on the World Trade Towers, located right across the street.

Before joining the BPCA, Carey served as chairman and executive director of the New York State Consumer Protection Board and as director of Legislative and Intergovernmental Affairs for Governor Pataki. He began his public service in 1984, when he was elected to the first of five consecutive terms on the Westchester County Board of Legislators.

Carey currently serves as chairman of the Westchester Community College Board of Trustees.

He also served as a board member for the New York State Energy Research and Development Authority, a public-benefit corporation that encourages innovative technologies for solutions to energy and environmental issues, and as a trustee for the New York Power Authority. Last week, Carey resigned from both these positions.

During Carey’s time on the NYPA board, the Power Authority placed in service six small clean power plants in New York City and one on Long Island to ensure reliable electricity service for peak summer demand periods; relicensed the St. Lawrence-Franklin D. Roosevelt Project, a large hydroelectric project in Northern New York, and moved forward with the relicensing of the Niagara Power Project near Niagara Falls; completed an advanced transmission-control device near Utica that provides a major boost to the state’s electric power system; continued to provide lower-cost power to support more than 400,000 jobs around the state; proceeded with energy-efficiency programs that have lowered the annual utility bills of over 2,200 public facilities across the state by $90 million; and made major investments in alternative energy technologies such as fuel cells, solar power and electric-drive vehicles.

The New York Power Authority is the nation’s largest nonfederal public power utility, with 17 generating plants in various parts of the state and more than 1,400 circuit-miles of transmission lines.  NYPA uses no tax money or credit in its operations.  The Power Authority finances operations through the sale of bonds and earns revenue from proceeds of its operations, which is in large part, the sale of electricity.

Biography of Timothy S. Carey
A photo is available by email.