Power Authority of the State of New York

CURRENT FUNCTIONS. The Power Authority is responsible for providing an adequate supply of safe and economical power for the citizens of New York State. It accomplishes this by financing, constructing, and operating electric generation and transmission facilities in New York State.

Construction is financed through the sale of tax-exempt bonds and may be undertaken by the authority on its own or in cooperation with private utilities. Operational costs are funded by revenue raised by the sale of power to public agencies, industries, investor-owned utilities, and municipalities. The authority operates a variety of facilities, including nuclear and hydroelectric facilities, and also investigates other alternative sources of power.

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