July (pdf) - New York Power Authority

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STATEMENT OF INSURANCE [if any] _________________________________ New York, New York, has delivered its municipal bond insurance policy (the “Policy”) with respect to the scheduled payments due of principal of and interest, including principal and interest due by operation of scheduled mandatory sinking fund redemption, on this Bond to The Bank of New York Mellon, New York, New York, or its successor, as paying agent for the Bonds (the “Paying Agent”). Said Policy is on file and available for inspection at the principal office of the Paying Agent and a copy thereof may be obtained from ___________or the Paying Agent. A-8 957007.13 004041 DOC
POWER AUTHORITY OF THE STATE OF NEW YORK Excerpts from the minutes of a regular meeting of the Power Authority of the State of New York (the “Authority”) held at the Authority’s offices at 123 Main Street, White Plains, New York 10601, on Tuesday, July 26, 2011 at 11:00 A.M. There were present: Michael J. Townsend, Chairman Jonathan F. Foster, Vice Chairman D. Patrick Curley John S. Dyson R. Wayne LeChase Hon. Eugene L. Nicandri Mark O’Luck constituting a majority of the trustees and a quorum. Also present were: Richard M. Kessel, President and Chief Executive Officer Gil C. Quiniones, Chief Operating Officer Edward A. Welz, Executive Vice President and Chief Engineer–Power Supply Francine Evans, Executive Vice President, Chief Administrative Officer and Chief of Staff Elizabeth McCarthy, Executive Vice President, Chief Financial Officer Donald A. Russak, Senior Vice President–Corporate Planning and Finance Brian C. McElroy, Treasurer Judith C. McCarthy, Acting General Counsel Timothy P. Sheehan, Special Counsel Karen Delince, Corporate Secretary Mr. Townsend, Chairman, presided and Karen Delince, Corporate Secretary, kept the minutes. 944158.20 004041 RSIND
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MINUTES OF THE REGULAR MEETING OF T
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July 26, 2011 Minutes of the Regula
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July 26, 2011 Introduction Chairman
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July 26, 2011 a. Approval of the Mi
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July 26, 2011 “Following a review
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July 26, 2011 3. a. Report of the P
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July 26, 2011 b. Report of the Chie
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July 26, 2011 4. Proposed Expansion
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July 26, 2011 average of 15.1 new j
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July 26, 2011 RESOLVED, That the Ch
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July 26, 2011 Section I Non-Complia
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July 26, 2011 Recommendation: Staff
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July 26, 2011 Niagara LaSalle Corpo
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July 26, 2011 The Carriage House Co
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July 26, 2011 RESOLVED, That the Ch
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July 26, 2011 commitments. Thus, cu
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July 26, 2011 7. Increase in Hydroe
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July 26, 2011 (f) Use of the RSR fo
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July 26, 2011 “The proposed actio
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July 26, 2011 RESOLVED, That the Se
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July 26, 2011 work, is capable of c
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July 26, 2011 “On May 24, 2011, n
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July 26, 2011 any and all actions a
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July 26, 2011 “The window replace
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July 26, 2011 11. Amended and Resta
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July 26, 2011 13. Amendments to the
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July 26, 2011 15. Motion to Conduct
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July 26, 2011 17. Election of Actin
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July 26, 2011 19. Next Meeting The
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July 26, 2011 EXHIBITS For July 26,
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July 26, 2011- NYPA Trustees’ Mee
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July 26, 2011- NYPA Trustees’ Mee
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Exhibit “A” Economic Developmen
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served by the 51 municipal and coop
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Generation revenue in June was $176
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In June, NYPA finalized a position
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GLOSSARY 1 Net Generation - The ene
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as a single regional compliance mar
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Report of the Chief Financial Offic
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RESULTS OF OPERATIONS Net Income Si
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RESULTS OF OPERATIONS 140 120 100 8
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RESULTS OF OPERATIONS 180 O&M Expen
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CASH AND LIQUIDITY INVESTMENT PORTF
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DEBT Unhedged Variable Rate 12% Deb
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Exhibit 1: Average August to Decemb
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New York Power Authority Financial
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New York Power Authority Exhibit "4
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APPLICATION SUMMARY Expansion Power
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July 26, 2011 Exhibit “4-B-1” P
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WHEREAS, the Customer has completed
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R. Replacement Power (or RP) is 445
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the Service Tariff shall govern. In
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X. Transition of Allocation to WNY
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XVII. Waiver A. Any waiver at any t
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SCHEDULE A TO AGREEMENT FOR THE SAL
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United States Department of Labor (
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APPENDIX TO SCHEDULE B Base Employm
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The POWER AUTHORITY OF THE STATE OF
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D. Electric Service is the Firm Pow
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C. The Contract Demand for the Cust
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Charges associated with the Allocat
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B. Except where otherwise herein sp
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AGREED: TRY-IT DISTRIBUTING CO., IN
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SCHEDULE B TO AGREEMENT FOR THE SAL
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eduction of the Contract Demand to
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July 26, 2011 Exhibit “5-A-1” C
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July 26, 2011 Exhibit “A-2” Com
Page 153 and 154: New York Power Authority Preliminar
Page 155 and 156: New York Power Authority 2011 Preli
Page 157 and 158: Discussion The attached preliminary
Page 159 and 160: Added to the O&M for ratemaking pur
Page 161 and 162: The capital costs (both debt- and e
Page 163 and 164: 2012 to 2014 costs, respectively. T
Page 165 and 166: The proposed demand and energy rate
Page 167 and 168: NEW YORK POWER AUTHORITY HYDROELECT
Page 169 and 170: Table 1 EMBEDDED COSTS FOR ANCILLAR
Page 171 and 172: Table 3 EMBEDDED COSTS FOR BLACK ST
Page 173 and 174: Table 5 EMBEDDED COSTS FOR OPERATIN
Page 175 and 176: TABLE OF CONTENTS Page ARTICLE I DE
Page 177 and 178: “Commercial Paper Rate Mode” me
Page 179 and 180: “Term Rate Mode” means the mode
Page 181 and 182: Chairman, President and Chief Execu
Page 183 and 184: Beneficial Owners to receive paymen
Page 185 and 186: (l) any other provisions deemed adv
Page 187 and 188: 306. Delivery of Bonds. Except as o
Page 189 and 190: (a) The General Resolution has not
Page 191 and 192: APPENDIX A [FORM OF BONDS] No. 2011
Page 193 and 194: To the extent and in the manner per
Page 195 and 196: IN WITNESS WHEREOF, POWER AUTHORITY
Page 197: FORM OF ASSIGNMENT ASSIGNMENT FOR V
Page 201 and 202: Implementation of any refunding wil
Page 203 and 204: under the Securities Exchange Act o
Page 205 and 206: executing officer deems in his or h
Page 207 and 208: EXHIBITS Exhibit 1: Amended and Res
Page 209 and 210: $___,___,000 Series 2011 A Bonds SE
Page 211 and 212: [This page intentionally left blank
Page 213 and 214: Rate Covenant......................
Page 215 and 216: Registration of the 2011 Bonds.....
Page 221 and 222: through purchased power (see ‘‘
Page 223 and 224: Trust Estate The Trust Estate consi
Page 225 and 226: and such pledge shall be subordinat
Page 227 and 228: Optional Redemption The 2011 Bonds
Page 229 and 230: casualty and life insurance compani
Page 231 and 232: “OID” is the excess of (i) the
Page 233 and 234: The specific nature of the informat
Page 237 and 238: 3. The 2011 Bonds have been duly an
Page 241 and 242: 4. To facilitate subsequent transfe
Page 245 and 246: circumstances, compliance with this
Page 247 and 248: year in which the change is made sh
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(vii) modifications to rights of Bo
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IN WITNESS WHEREOF, the parties hav
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APPENDIX D LITIGATION Land Claims (
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the costs of such pending claims, o
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PART 2 of the OFFICIAL STATEMENT of
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TABLE OF CONTENTS FOR PART 2 THE AU
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PART 2 of the OFFICIAL STATEMENT of
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CERTAIN FINANCIAL AND OPERATING MAT
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500-MW Plant and Cessation of Opera
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enefits from cash from operations.
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The Authority may issue additional
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Enterprise Risk management program,
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needs at any point in time. Unless
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NYISO Capacity Requirements Matters
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equirements of certain municipal el
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(a) Industrial Power Programs The 2
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withdrawn by the Authority on Augus
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improved energy efficiency and clea
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development purposes within St. Law
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approved to receive Awards, with to
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transmission facilities tariff on f
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THE AUTHORITY’S FACILITIES Genera
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eservoir, and power transformation
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(6) Out-of-State Power Allocations
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SCPPs To meet potential capacity de
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east from the St. Lawrence Project
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to predict whether any such bills o
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esponsibility for purchasing energy
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Commission in the coming months.[up
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could potentially result in signifi
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discussion does not purport to be c
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[This page intentionally left blank
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whether negotiable or non-negotiabl
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Operating Expenses means the Author
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Qualified Swap. Rating Agency means
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eimbursement are equal to the amort
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Capital Fund The General Resolution
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(General Resolution, Secs. 801, 802
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APPENDIX 2 BACKGROUNDS OF THE AUTHO
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Eugene L. Nicandri, Trustee Judge E
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Francine Evans, Executive Vice Pres
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Jordan Brandeis, Senior Vice Presid
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Exhibit “12-A” July 26, 2011 GO
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c. Advise the Board of Trustees on
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GOVERNANCE COMMITTEE CHARTER Exhibi
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d. Periodically review and as neces
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Exhibit “13-A” Editing Note: Th
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ARTICLE VII - FISCAL MANAGEMENT 7 S
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Section 2. Annual Meeting The annua
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as he or she may deem necessary in
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are carried out for and reported to
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and shall report on and make recomm
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Section 4. Capital Expenditure Plan
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Exhibit “13-B" July 26, 2011 BY-L
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ARTICLE VII - FISCAL MANAGEMENT 9 S
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Section 2. Annual Meeting The annua
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the general supervision of the busi
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policies of the Authority, supervis
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members of the Board of Trustees. A
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Section 5. Expenditure Authorizatio
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DATE: 07/26/2011 REVISION: 0 POWER
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DATE: 07/26/2011 REVISION: 0 POWER
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July (pdf) - New York Power Authority

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