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Statement by NYPA Acting Chief Operating Officer Gil C. Quiniones Related to Amended Entergy Value Sharing Agreements

Connie Cullen

August 25, 2008


After productive negotiations, Entergy and NYPA have agreed that any payments due NYPA under the amended value-sharing agreements will continue despite the proposed reorganization currently before the New York State Public Service Commission. This agreement takes effect when that reorganization closes.

 About NYPA:

■    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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