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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.