NYPA releases annual report


The 2013 Annual Report released by the New York Power Authority earlier this week reveals that the utility is in a strong financial position and a leading provider of low-cost electricity.

NYPA, which produces more than 70% of its energy via hydroelectric projects, is the nation's largest state public power organization. The authority's 2013 report, available online here, said the utility provided more than US$1.2 billion in direct customer bill savings this past year.

The report also said NYPA's economic development programs are now supporting more than 400,00 jobs across New York while helping secure $32 billion in capital investment from recipients of low-cost power allocations.

Additional highlights include:

  • Continuing investments totaling $1.2 billion in infrastructure upgrades, including $460 million for the Life Extension and Modernization (LEM) project at the Lewiston pumped-storage hydropower plant;
  • 27.8 billion kWh of electricity generated at NYPA facilities, 70% of which came from hydropower plants; and
  • Attendance of 187,000 people at NYPA's admission-free visitor centers, located at the St. Lawrence-Franklin D. Roosevelt, Niagara and Blenheim-Gilboa pumped-storage hydropower power projects.

NYPA also released a three-year overview of its fiscal performance that demonstrates how the company is in position to implement its 2014-19 Strategic Vision, which was announced in March.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs