July (pdf) - New York Power Authority

through purchased power (see ‘‘PART 2—POWER SALES’’). Although the Authority’s rates for power
and energy vary depending upon a number of factors, overall, the Authority provides low cost power and
energy to its customers.
The customers served by the Authority and the rates paid by such customers vary with the facility or
other source supplying the power and energy (see ‘‘PART 2—POWER SALES’’). The following is a brief
description of the customers served by the Authority.
St. Lawrence-FDR and Niagara Customers. Power and energy from the St. Lawrence-FDR and
Niagara hydroelectric facilities are sold to New York investor-owned electric utilities, municipal electric
systems, rural electric cooperatives, industrial customers, certain public bodies, and out-of-state customers.
Blenheim-Gilboa Customers. Blenheim-Gilboa power and energy are used to meet the requirements of
the Authority’s business and governmental customers and to provide services in the New York
Independent System Operator (‘‘NYISO’’) markets. In addition, 50 MW of the Blenheim-Gilboa output is
sold to a wholly-owned subsidiary of the Long Island Power Authority, which subsidiary is doing
business as ‘‘LIPA’’ (hereinafter such subsidiary is referred to as ‘‘LIPA’’).
Southeastern New York (‘‘SENY’’) Governmental Customers. Power and energy purchased by the
Authority in the capacity and energy markets, as supplemented by Authority resources, are sold to various
municipalities, school districts and public agencies in the New York City and Westchester County area.
500-MW Plant. The power and energy of the 500-MW Plant is used to meet the requirements of the
Authority’s New York City governmental customers and to provide services in the NYISO markets for
the benefit of those customers.
Flynn. The output of Flynn is being sold to LIPA.
Small Clean Power Plants. The power and energy of these plants is used to meet the requirements of
the Authority’s business and governmental customers and to provide services in the NYISO markets.
Certain Purchased Power and Energy Customers. The Authority also sells power and energy
purchased in the capacity and energy markets to industrial customers, the United States Department of
Energy (‘‘DOE’’), New York investor-owned electric utilities, Power for Jobs Program customers,
businesses, municipal electric systems, rural electric cooperatives, and various municipal utility service
agencies.
Transmission Facilities. The Authority owns approximately 1,400 circuit miles of high voltage transmission
lines, more than any other utility in New York State, with the major lines being the 765-kV Massena-Marcy
line, the 345-kV Marcy-South line, the 345-kV Niagara-to-Edic transmission line, and the 345-kV Long Island
Sound Cable (the ‘‘Cable’’). With the implementation of the NYISO arrangement in November 1999, all
transmission service over the Authority’s facilities is either pursuant to the NYISO tariffs or pre-existing
Authority contracts (see ‘‘PART 2—NEW YORK INDEPENDENT SYSTEM OPERATOR’’).
Energy Services Program. The Authority is also carrying out an energy services program for certain of
its customers and other entities in New York State, with outstanding aggregate expenditures under this
program of $[373] million as of June 30, 2011 (see ‘‘PART 2—ENERGY SERVICES’’).
Indebtedness. As of June 30, 2011, $1,134,375,000 of senior lien Obligations (the ‘‘Revenue
Bonds’’), issued under the General Resolution, were outstanding.
As of June 30, 2011, $122,935,000 of Adjustable Rate Tender Notes (the ‘‘ART Notes’’), were
outstanding (see ‘‘PART 2—CERTAIN FINANCIAL AND OPERATING MATTERS—Outstanding
Indebtedness’’). The ART Notes are on a parity with the Revenue Bonds and other Obligations to be
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