Minutes of a
Special Meeting of the Power Authority of the State of
New York held via video conference at the
following participating locations at 3:03 p.m.:
1)
New York
Power Authority,
123 Main Street,
White Plains,
NY
2)
New York Power
Authority,
Niagara Power Project,
5777 Lewiston Road,
Lewiston,
NY
3)
New York
Power Authority,
30 South Pearl
Street,
Albany,
NY
The following
Members of the Board were present at the following locations:
Frank
S. McCullough, Jr., Chairman (White
Plains,
NY)
Elise
M. Cusack, Trustee (Lewiston,
NY)
Joseph
J. Seymour, Trustee (Albany,
NY)
Leonard
N. Spano, Trustee (White Plains,
NY)
The following Members of the
Board participated by phone but did not vote:
Michael
J. Townsend, Vice Chairman
Thomas
W. Scozzafava, Trustee
Robert E. Moses, Trustee -
Excused
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Timothy S. Carey President and Chief Executive
Officer
Thomas J. Kelly Executive Vice President and
General Counsel
Vincent C.
Vesce Executive
Vice President – Corporate Services and Administration
Angelo S. Esposito Senior Vice
President – Energy Services and Technology
Brian Vattimo Senior
Vice President – Public and Governmental Affairs
Anne B. Cahill Corporate
Secretary
Michael
A. Saltzman Director
– Media Relations
Joann
Willmott
Community
Relations Manager
Jack
Murphy
Temporary
PR Counsel
Roger
B. Kelley
Nominee
for President and Chief Executive Officer
Chairman McCullough presided over the meeting. Corporate Secretary Cahill kept the Minutes.
1. Election of Non-Statutory
Officer
The Executive Vice President and
General Counsel submitted the following report:
SUMMARY
“The Trustees
are requested to consider the election of Roger B. Kelley of East Amherst, New York
as President and Chief Executive Officer of the Authority, effective July 1,
2007, with service to the Authority to commence June 25, 2007, as President and
Chief Executive Officer-Elect.
BACKGROUND AND DISCUSSION
“On May 24,
2007, Timothy S. Carey, President and Chief Executive Officer of the Authority,
announced his retirement from the Authority, effective June 30, 2007. The Trustees, after due consideration, have
determined that Roger B. Kelley of East Amherst, New York, shall succeed
Timothy S. Carey as President and Chief Executive Officer of the Authority. Therefore, pursuant to Article IV, Section 2
of the Authority’s By-Laws, “Election of Certain Non-Statutory Officers by the
Trustees,” the Trustees make the following recommendation:
RECOMMENDATION
“It is
recommended that the following non-statutory officer provided for in Article IV
of the By-Laws, adopted December 18, 1984, and last amended on April 24, 2007,
be elected as President and Chief Executive Officer, effective July 1, 2007,
and commence service with the Authority as President and Chief Executive
Officer-Elect, effective June 25, 2007, and to hold such office of President
and Chief Executive Officer for a term expiring at the next annual meeting of the
Trustees in March 2008, or until his successor is elected:
Roger B.
Kelley President
and Chief Executive Officer
“The Board of Trustees and I concur
in the recommendation.”
Chairman
McCullough welcomed Mr. Kelley to the meeting and thanked President Carey for
his years of service to the Authority.
President Carey thanked God and also thanked former Governor Pataki for
the opportunity to serve, saying that he hoped his legacy, first as a Trustee
and then as the President and Chief Executive Officer of the Authority, would
be that during his tenure the Authority received new 50-year licenses for the
Niagara and St. Lawrence power projects, that the new 500 MW power plant in
Queens was commissioned and that the Rappleyea Building was designated by the U.
S. Green Building Council as the first facility in New York State with a Gold
ranking in the Council’s Leadership in Energy and Environmental Design (LEED)
Program for Existing Buildings.
President Carey said that this LEED Gold ranking was consistent with his
work on the construction of the LEED Gold-ranked Solaire residential building
while he was the President of the Battery
Park City
Authority. He added also that he was
proud to be the founder of the Irish Hunger Memorial, established while he was
at the Battery Park City
Authority.
Chairman
McCullough said that Mr. Kelley had excellent credentials and that he looked
forward to a long and fruitful association with him.
Mr.
Kelley said that he was honored that Governor Spitzer had considered him for this
position and recommended his election to the Trustees. He said that he was looking forward to
working with everyone at the Authority.
Mr. Kelley also thanked President Carey for his years of public service
and wished him much success in the future.
The following resolution, as
submitted by the Executive Vice President and General Counsel, was unanimously
adopted.
RESOLVED, That pursuant to
Article IV, Section 2 of the Authority’s By-Laws, the following individual is
hereby appointed to the position listed next to his name for a term expiring at
the next annual meeting of the Trustees in March 2008, or until a successor is
elected:
Roger B. Kelley President and Chief Executive
Officer
AND BE IT FURTHER RESOLVED, That Roger B. Kelley’s service with the
Authority shall commence as President and Chief Executive Officer-Elect
effective June 25, 2007.
2. Next
Meeting
The
next Regular Meeting of the Trustees will be held on Tuesday, June 26, 2007, at 11:00 a.m., at the Clark Energy Center,
Marcy, New
York, unless otherwise designated by the Chairman
with the concurrence of the Trustees.
3. Closing
On
motion duly made and seconded, the meeting was adjourned by the Chairman at
approximately
3:15 p.m.
Anne B. Cahill
Corporate Secretary