Statement by Timothy S. Carey,
NYPA President and CEO, on the Report of the Temporary State
Commission on the Future of New York State Power Programs for
December 1, 2006
FOR IMMEDIATE RELEASE
When the Power Authority was created 75 years ago,
lawmakers included studying "the desirability and means of
attracting industry to the state of New York" among the Authorityís
responsibilities. Today, more than 476,000 jobs across the Empire
State are linked to NYPA power programs.
As a result of federal and state laws enacted over
the past several decades, NYPA now administers nine separate power
programs for economic development. Some were created by Congress in
the 1950ís. Others were enacted in Albany as recently as last year.
Each program has unique features, such as the power supply,
eligibility criteria and territory served. Some use hydropower from
Niagara or St. Lawrence. Others rely on power purchased from the
competitive market. Some are limited to regions in the vicinity of
the power project that supplies the electricity; others serve
Given the significance of these power programs and
the complexity of economic development issues, NYPA welcomed the
creation of the Commission and its attention to the challenges
facing the future of the programs.
The Commission has developed an impressive and
diverse array of recommendations. Upon initial review, it appears
that most of the changes proposed by the Commission would require
changes in law to be adopted by the State Legislature and approved
by the Governor.
We look forward to working with state policy-makers
to assure that effective and enduring measures are adopted to
sustain NYPAís ability to supply competitively priced power to keep
and create jobs in the Empire State.
■ NYPA 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
nationís largest state-owned electric utility, with 18 generating
facilities in various parts of the state and more than 1,400
circuit-miles of transmission lines.
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