July (pdf) - New York Power Authority

serving the New York City load pocket. For purposes of this payment obligation, such unamortized cost
shall equal the Authority’s documented Vernon Boulevard facility costs up to an aggregate of $100
million, plus the amount the Authority pays for removal, less (a) any net revenue received by the Authority
from operation of the VB Power Plants, including, without limitation, capacity, energy and ancillary service
revenues, if such services are being billed through the contracts with the City, (b) the actual resale value or
the fair market value, whichever is greater, of any such equipment sold or otherwise disposed of by the
Authority upon the cessation of operations of the VB Power Plants and (c) the fair market value of the VB
Site at such time.
The Authority does not believe that cessation of operations and removal of the VB Power Plants, if that
should occur, will have any additional material impact on the Authority.
Flynn
The Flynn Project consists of a combined-cycle, natural-gas-and-distillate-fueled electric-generating
plant and associated facilities, including a 102-MW combustion turbine-generator, a 56-MW steam
turbine-generator, and a heat-recovery steam generator. The plant was built on a site at Holtsville in Suffolk
County, New York. The Project began commercial operation in May 1994. The Flynn plant has a
nameplate rating of 164 MW. The full output of Flynn is being sold to LIPA under a capacity supply
agreement, as amended (see ‘‘PART 2—POWER SALES—Flynn’’).
The availability factors for the Flynn Plant for 2009 and 2010 were 99.5% and 72.7%,
respectively. The drop in 2010 was due to an unplanned gas turbine generator outage from May to
August.
Small Hydroelectric Facilities
(1) Ashokan and Kensico. Ashokan is a small hydroelectric facility with a nameplate rating of
4.75 MW, consisting of the addition of hydroelectric generating equipment to the headworks of the
Catskill Aqueduct at Ashokan Reservoir, in the Township of Olive, near Kingston, in Ulster County, New
York. Kensico is a small hydroelectric facility with a nameplate rating of 3 MW, consisting of the addition of
hydroelectric generating equipment to the headworks of the lower Catskill Aqueduct at Kensico Reservoir
in the Town of Mount Pleasant, near White Plains, in Westchester County, New York. The plants are
exempt from Federal licensing requirements. The Authority is planning on retiring the Kensico facility in
2013.
(2) Small Hydroelectric Development Project No. 1. The Project facilities have a combined
nameplate capacity of 32.2 MW and are located at the following sites in New York State: Crescent Dam on
the Mohawk River in Albany and Saratoga Counties; Vischer Ferry Dam on the Mohawk River in
Saratoga and Schenectady Counties; and Hinckley Dam on West Canada Creek, near the Hamlet of
Hinckley in Oneida and Herkimer Counties. The 40-year FERC licenses for these facilities expire on May
31, 2024, May 31, 2024 and July 31, 2022, respectively.
The Authority’s Transmission System
The Authority owns, operates and maintains more than 1,400 circuit miles of high voltage
(115-kV-765-kV) transmission lines in New York State. These lines include a 765-kV line south from the
Canadian border to Marcy, New York; two 345-kV lines from the Niagara Project east to Niagara
Mohawk’s Edic Substation in central New York; two 345-kV lines from Marcy, New York, connecting to
other utility substations in southeastern New York; three 345-kV lines from the Blenheim Gilboa Project
extending to substations near Athens, New Scotland, and Delhi, respectively; two 230-kV lines extending
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