July (pdf) - New York Power Authority

TABLE OF CONTENTS FOR PART 2
THE AUTHORITY ...................................................................................................................................... 2-1
Management ......................................................................................................................................... 2-1
Executive Management Committee ..................................................................................................... 2-2
CERTAIN FINANCIAL AND OPERATING MATTERS ...................................................................... 2-3
Historical Net Income .......................................................................................................................... 2-3
Management’s Discussion of Financial Results and Operations ...................................................... 2-3
Financial Results and Operations—2010 vs. 2009 ............................................................................ 2-3
Summary........................................................................................................................................ 2-3
Operating Revenues ..................................................................................................................... 2-4
Purchased Power and Fuel............................................................................................................ 2-4
Operations and Maintenance ........................................................................................................ 2-4
New License for the Niagara Project ................................................................................................... 2-4
500-MW Plant and Cessation of Operation of Poletti Plant............................................................... 2-5
New Astoria Energy II Plant ............................................................................................................2-5
Hudson Transmission Partners, LLC Project...................................................................................2-5
Certain SENY Governmental Customer Long-Term Agreements .................................................... 2-5
Recent Legislation Relating To Authority Power Allocation Programs ........................................... 2-5
Public Authority Reform Legislation................................................................................................... 2-6
State Pension Plan and Other Postemployment Benefits.................................................................... 2-6
Hydroelectric Power Curtailment......................................................................................................... 2-7
Outstanding Indebtedness .................................................................................................................... 2-7
Projected Capital and Financing Requirements and Other Potential Initiatives ............................... 2-8
Voluntary Contributions to the State General Fund............................................................................ 2-9
Temporary Transfer of Funds to State .............................................................................................2-9
Payments to the State Office of Parks, Recreation and Historic Preservation ................................ 2-10
Energy Risk Assessment and Control Activities............................................................................... 2-10
Security Matters................................................................................................................................... 2-11
Nuclear Plant Sale Matters ................................................................................................................. 2-11
NEW YORK INDEPENDENT SYSTEM OPERATOR.......................................................................... 2-11
New York Independent System Operator Arrangement................................................................... 2-11
NYISO Market Procedures................................................................................................................. 2-12
Certain Authority Plant Outage Risks................................................................................................ 2-13
NYISO Mitigation Measures.............................................................................................................. 2-14
NYISO Capacity Requirements Matters............................................................................................ 2-15
POWER SALES ........................................................................................................................................ 2-16
Marketing Issues and Developments ................................................................................................. 2-17
St. Lawrence-FDR and Niagara ......................................................................................................... 2-23
Blenheim-Gilboa ................................................................................................................................ 2-25
Sales of Purchased Power and Energy for Industrial Power ............................................................ 2-26
SENY Governmental Customers ...................................................................................................... 2-27
500-MW Plant .................................................................................................................................... 2-28
Small Clean Power Plants................................................................................................................... 2-28
Flynn ................................................................................................................................................... 2-28
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