More than 70 percent of NYPA's electricity is produced from clean, renewable hydropower; in 2010 our power projects achieved a Generation Market Readiness of 99.8 percent.
Major upgrades at our large hydropower projects are continuing, as we prepare for similar large-scale improvements to our transmission network, which criss-crosses the state.
Our energy services projects save New Yorkers more than $135 million a year, cutting annual oil use by over 2.5 million barrels and offsetting the release of approximately 826,000 tons of greenhouse gases.
We also promote clean energy projects of varying sizes including proposals for offshore wind farms in the Great Lakes and the Atlantic Ocean, off the coast of Long Island, along with a major new statewide solar initiative.
And our clean transportation program has placed more than 1,200 electric-drive vehicles placed into service.
Working with state and local economic development officials, NYPA targets its allocations of low-cost hydropower to help attract and retain major employers upstate and downstate. Other, specialized incentives help businesses control costs and remain viable in this tough economy.
The Power Authority also serves New York's 51 municipal and rural cooperative systems scattered throughout the state with a dedicated block of hydropower that helps preserve this unique part of New York’s heritage.