July (pdf) - New York Power Authority

No dealer, broker, salesperson or other person has been authorized by the Power Authority of the State
of New York (the ‘‘Authority’’) to give any information or to make representations, other than as contained
in this Official Statement, and, if given or made, such other information or representations must not be relied
upon as having been authorized by the Authority. This Official Statement does not constitute an offer to sell
or the solicitation of an offer to buy, nor shall there be any sale of the 2011 Bonds by any person, in any
jurisdiction in which it is unlawful for such person to make such offer, solicitation or sale.
The information set forth herein has been furnished by the Authority and includes information
obtained from other sources, all of which are believed to be reliable. The information and expressions of
opinion contained herein are subject to change without notice and neither the delivery of this Official
Statement nor any sale made hereunder shall, under any circumstances, create any implication that there
has been no change in the affairs of the Authority since the date hereof. Such information and expressions of
opinion are made for the purpose of providing information to prospective investors and are not to be used
for any other purpose or relied on by any other party.
The statements contained in this Official Statement that are not purely historical are forward-looking
statements. Such forward-looking statements can be identified, in some cases, by terminology such as
“may,” “will,” “should,” “expects,” “intends,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,”
“potential,” “illustrate,” “example,” and “continue,” or other comparable terms. Readers should not
place undue reliance on forward-looking statements. All forward-looking statements included in this
Official Statement are based on information available to the Authority on the date hereof, and the
Authority assumes no obligation to update any such forward-looking statements. The forward-looking
statements included herein are necessarily based on various assumptions and estimates and are
inherently subject to various risks and uncertainties, including, but not limited to, risks and uncertainties
relating to the possible invalidity of the underlying assumption and estimates and possible changes or
development in various important factors. Accordingly, actual business and financial results may vary
from the projections, forecasts and estimates contained it this Official Statement and such variations may
be material.
In connection with the offering of the 2011 Bonds, the Underwriters may overallot or effect
transactions which stabilize or maintain the market price of such bonds at levels above those which might
otherwise prevail in the open market. Such stabilization, if commenced, may be discontinued at any time.
THESE SECURITIES HAVE NOT BEEN RECOMMENDED BY ANY FEDERAL OR STATE SECURITIES
COMMISSION OR REGULATORY AUTHORITY. FURTHERMORE, THE FOREGOING AUTHORITIES
HAVE NOT CONFIRMED THE ACCURACY OR DETERMINED THE ADEQUACY OF THIS DOCUMENT.
ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.
THIS OFFICIAL STATEMENT CONSISTS OF THE COVER PAGE, THE INSIDE FRONT COVER, THE
TABLES OF CONTENTS, THE SUMMARY AND THIS PART 1, INCLUDING THE APPENDICES TO THIS
PART 1 (ALL OF THE FOREGOING ARE REFERRED TO COLLECTIVELY AS ‘‘PART 1’’), AND THE
ATTACHED PART 2, INCLUDING ALL APPENDICES THERETO (COLLECTIVELY, ‘‘PART 2’’). BOTH
THIS PART 1 AND PART 2 ARE DATED SEPTEMBER __, 2011. THIS PART 1, TOGETHER WITH PART 2,
CONSTITUTES THE AUTHORITY’S OFFICIAL STATEMENT RELATING TO THE 2011 BONDS (AND
ONLY SUCH BONDS). BOTH PART 1 AND PART 2 MUST BE READ IN THEIR ENTIRETY.
The Underwriters have provided the following sentence for inclusion in this Official Statement: The
Underwriters have reviewed the information in this Official Statement in accordance with, and as part of,
their respective responsibilities to investors under the federal securities laws as applied to the facts and
circumstances of this transaction, but the Underwriters do not guarantee the accuracy or completeness of
such information.