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Statement by New York Power Authority President and CEO Timothy S. Carey on Conditional Award for Clean Coal Power Plant

Contact:
Connie Cullen
914-390-8196
connie.cullen@nypa.gov

December 19, 2006

FOR IMMEDIATE RELEASE 

"The New York Power Authority Board of Trustees today approved a conditional award of a purchase-power agreement to NRG Energy in anticipation of a strategic alliance in support of the construction of a more than $1 billion clean coal power plant, which NRG proposes to build at its Huntley Generating Station in the Town of Tonawanda in Erie County.  

Today's action by our board follows up on Governor Pataki's comprehensive plan and initiative to reduce New Yorkís dependence on imported oil with state-of-the-art clean coal technology cited as a key element. The plan for the Huntley upgrade directly stems from that initiative.

Participants in a collaborative multi-agency effort led by the Governorís Office of Regulatory Reform worked to identify the parameters for the clean-coal facility and the issuance of the Request For Proposals (RFP). In addition to the Power Authority, the parties contributing to the process included the NYSERDA, Empire State Development Corp., the Department of Environmental Conservation and the Department of Public Service. Our team thoroughly reviewed the proposals submitted and determined that an alliance with NRG Energy would be best in seeing the Governor's clean coal initiative become a reality."

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■    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.