Friday, December 26, 2008

The New York Power Authority

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The New York Power Authority (NYPA)operates 18 generating facilities and more than 1,400 circuit-miles of transmission lines. NYPA sells power to government agencies; community-owned electric systems and rural electric cooperatives; companies; private utilities for resale—without profit—to their customers; and neighboring states, under federal requirements.

Governor Franklin D. Roosevelt established New York's model for public power through legislation signed in 1931. This effort to secure public control of New York's hydropower resources was the result of a bipartisan effort that began with Governor Charles Evans Hughes in 1907.

NYPA serves as a non-profit, public-benefit energy corporation that does not use any tax revenue or state credit. NYPA finances construction of our projects through bond sales to private investors, repaying bondholders with proceeds from our operations.

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