Carey Announces Retirement as
NYPA President and CEO
May 25, 2007
FOR IMMEDIATE RELEASE
WHITE PLAINS—Timothy S. Carey, president and chief
executive officer of the New York Power Authority, announced
Thursday that he is retiring from the utility, effective June 30.
Carey, who made the announcement at an employee
recognition dinner in White Plains, said "I feel very confident that
with the high quality of people we have at NYPA, from top to bottom,
we're in good shape and pointed in the right direction." “This,” he
added, "is a good time for me to take some personal time to relax
and figure out what I'm going to do with the rest of my life."
Frank S. McCullough, Jr., Power Authority chairman,
said he was sorry to see Carey leave the Authority, but added, "He
certainly has done a great job for us in a relatively short period
McCullough noted that in the nearly two years Carey
served as a NYPA officer and the five previous years he served on
the Board of Trustees, he was significantly involved in a number of
"Tim played large roles in the successful efforts
to obtain new 50-year federal licenses for the Niagara and the St.
Lawrence-Franklin D. Roosevelt Power Projects, said Chairman
McCullough. "Carey also had a prominent role in the completion of a
500megawatt (MW) combined cycle power plant in Queens, a major
milestone in NYPA's goal of reliably serving the people of New York
McCullough said it was appropriate that Carey made
the announcement at a dinner for employees marking their own
milestones of service at the Power Authority. "In the short time Tim
was the CEO and president, he probably shook hands with just about
every staff member we have."
A native of Ossining and a long-time resident of
Montrose, Carey began his career in public service in 1984 when he
was elected to the Westchester County Board of Legislators,
representing District 1. He served five consecutive terms before
leaving the board to become Director of Intergovernmental and
Legislative Affairs for Gov. George E. Pataki. He subsequently
became Chairman and Executive Director of the state Consumer
Carey was President and CEO of the Hugh L. Carey
Battery Park City Authority (BPCA) from May 1999 to September 2005.
He led the 92-acre waterfront community, which is home to the World
Financial Center, 30 acres of parkland and over 9,000 permanent
residences, in its recovery after 9/11.
During his years at the BPCA, Carey oversaw the
environmentally balanced development of this distinctive section of
Lower Manhattan including the precedent-setting construction of The
Solaire as the nation's first sustainable "green" residential
high-rise building which achieved Gold designation under the U.S.
Green Building Council's (USGBC) Leadership in Energy and
Environmental Design (LEED) rating system.
In 2006, he led the effort to continue
energy-efficiency and environmental upgrades to NYPA's main
administrative offices in White Plains. The building was designated
the first LEED Gold-EB (existing building) in New York State. With
these accomplishments and his continued commitment to "green"
building practices, Carey was appointed a member of the 2007
National Board of Directors of the USGBC.
He attended local public and parochial schools in
Ossining. In July 1966, he began service in the U.S. Army, serving
as a Military Policeman, until his honorable discharge in July 1968.
He is past-commander of Parker-Bale American Legion Post in
Ossining. Following military service, Carey entered Westchester
Community College, and earned an Associate of Arts degree. He
continued his education at Albany State University where he earned
his Bachelor of Arts degree in 1974.
Carey currently serves as Chairman of the
Westchester Community College Board of Trustees. He also serves on
the Advisory Board of the Rockefeller College of the University at
Albany. He also had served as a board member for the New York State
Energy Research and Development Authority.
Carey and his wife, Alida, reside in the town of
Cortlandt. They are the parents of a daughter, Dawn, and three sons,
Thomas, Sean, and Brian and have six grandchildren.
■ 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
nation’s 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.
Return to Press Center