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NYPA to Hold Public Hearing on New Ratemaking Standard

Contact:
Michael Saltzman
914-390-8181
michael.saltzman@nypa.gov

July 26, 2006

FOR IMMEDIATE RELEASE

WHITE PLAINSóThe New York Power Authority (NYPA) will hold a public hearing on January 10, 2007, on a new ratemaking standard for retail customers, as it is required to consider by the Energy Policy Act (EPACT) of 2005.

The Demand Response and Smart Metering Standard centers on application of time-of-use rate schedules and metering equipment, reflecting any variance during different time periods in cost of generating and purchasing electricity at the wholesale level.

EPACT, which modified the Public Utility Regulatory Policies Act of 1978, provided for public comment as part of the consideration of the appropriateness of the new standard for various customer categories.

NYPA will conduct the Jan. 10 hearing at 10:30 a.m. at its administrative office building in White Plains, at 123 Main St., in the Jaguar room. The Power Authority trustees Tuesday authorized the hearing.

 

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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