July (pdf) - New York Power Authority

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July 26, 2011 “It is also recommended that the Senior Vice President – Marketing and Economic Development, or his designee, be authorized to issue written notice of the proposed actions to the affected customers. “For the reasons stated, I recommend the approval of the above-requested actions by adoption of a resolution in the form of the attached draft resolution.” Mr. Donald Russak provided highlights of staff’s recommendation to the Trustees. In response to a question from Trustee Mark O'Luck, Mr. Russak said that following the discussions with him on the subject, staff, in consultation the Authority’s Communications department, modified its outreach efforts with elected officials and affected customers. Trustee Dyson added that, in addition to the fact that the Authority is legally obligated to take this action, the Authority is requesting a modest increase which would be phased-in over four years in order to reduce the impact on its customers. Chairman Townsend suggested that, since staff is requesting approval to file a notice of proposed rulemaking and to conduct a public forum, the Board should wait for customer responses after the hearing before considering engagement of outside marketing assistance. Trustee Dyson said in an effort to show that the Authority is taking measures to contain costs, for example, reductions in spending in order to cut down its overhead (personnel; salary levels; contributions to outside organizations; obligations under the relicensing agreements), in keeping with Governor Cuomo’s ten percent cost reduction goal, he would request that Ms. Elizabeth McCarthy provide a budget plan for the Board’s review at the September meeting. The following resolution, as submitted by the President and Chief Executive Officer, was unanimously adopted. RESOLVED, That the Corporate Secretary of the Authority be, and hereby is, directed to file such notices as may be required with the Secretary of State for publication in the New York State Register and to submit such other notice as may be required by statute or regulation concerning the proposed preference power rate increase; and be it further RESOLVED, That the Corporate Secretary of the Authority be, and hereby is, directed to schedule a public forum for the purpose of obtaining the views of interested persons concerning the Authority’s proposed action to adjust the hydroelectric preference power rates, as set forth in the foregoing report of the President and Chief Executive Officer; and be it further RESOLVED, That the Senior Vice President – Corporate Planning and Finance or his designee be, and hereby is, authorized to reinstate the Rate Stabilization Reserve surcharge/credit mechanism applicable to hydroelectric sales made at the preference power rate no later than May 2014; and be it further 36
July 26, 2011 RESOLVED, That the Senior Vice President – Marketing and Economic Development or his designee be, and hereby is, authorized to reinstate the price indices to effectuate revised production rates for industrial hydroelectric power customers commencing September 2011; and be it further RESOLVED, That the Senior Vice President – Marketing and Economic Development or his designee be, and hereby is, authorized to issue written notice to affected customers of this proposed hydroelectric preference power rate action and industrial customer rate action; and be it further RESOLVED, That the Chairman, the Vice Chairman, the President and Chief Executive Officer, the Chief Operating Officer and all other officers of the Authority are, and each of them hereby is, authorized on behalf of the Authority to do any and all things, take any and all actions and execute and deliver any and all agreements, certificates and other documents to effectuate the foregoing resolution, subject to the approval of the form thereof by the Acting General Counsel. 37
Page 1 and 2: MINUTES OF THE REGULAR MEETING OF T
Page 3 and 4: July 26, 2011 Minutes of the Regula
Page 5 and 6: July 26, 2011 Introduction Chairman
Page 7 and 8: July 26, 2011 a. Approval of the Mi
Page 9 and 10: July 26, 2011 “Following a review
Page 11 and 12: July 26, 2011 3. a. Report of the P
Page 13 and 14: July 26, 2011 b. Report of the Chie
Page 15 and 16: July 26, 2011 4. Proposed Expansion
Page 17 and 18: July 26, 2011 average of 15.1 new j
Page 19 and 20: July 26, 2011 RESOLVED, That the Ch
Page 21 and 22: July 26, 2011 Section I Non-Complia
Page 23 and 24: July 26, 2011 Recommendation: Staff
Page 25 and 26: July 26, 2011 Niagara LaSalle Corpo
Page 27 and 28: July 26, 2011 The Carriage House Co
Page 29 and 30: July 26, 2011 RESOLVED, That the Ch
Page 31 and 32: July 26, 2011 commitments. Thus, cu
Page 33 and 34: July 26, 2011 7. Increase in Hydroe
Page 35 and 36: July 26, 2011 (f) Use of the RSR fo
Page 37: July 26, 2011 “The proposed actio
Page 41 and 42: July 26, 2011 work, is capable of c
Page 43 and 44: July 26, 2011 “On May 24, 2011, n
Page 45 and 46: July 26, 2011 any and all actions a
Page 47 and 48: July 26, 2011 “The window replace
Page 49 and 50: July 26, 2011 11. Amended and Resta
Page 51 and 52: July 26, 2011 13. Amendments to the
Page 53 and 54: July 26, 2011 15. Motion to Conduct
Page 55 and 56: July 26, 2011 17. Election of Actin
Page 57 and 58: July 26, 2011 19. Next Meeting The
Page 59 and 60: July 26, 2011 EXHIBITS For July 26,
Page 61 and 62: July 26, 2011- NYPA Trustees’ Mee
Page 63 and 64: July 26, 2011- NYPA Trustees’ Mee
Page 65 and 66: Exhibit “A” Economic Developmen
Page 67 and 68: served by the 51 municipal and coop
Page 69 and 70: Generation revenue in June was $176
Page 71 and 72: In June, NYPA finalized a position
Page 73 and 74: GLOSSARY 1 Net Generation - The ene
Page 75 and 76: as a single regional compliance mar
Page 77 and 78: Report of the Chief Financial Offic
Page 79 and 80: RESULTS OF OPERATIONS Net Income Si
Page 81 and 82: RESULTS OF OPERATIONS 140 120 100 8
Page 83 and 84: RESULTS OF OPERATIONS 180 O&M Expen
Page 85 and 86: CASH AND LIQUIDITY INVESTMENT PORTF
Page 87 and 88: DEBT Unhedged Variable Rate 12% Deb
Page 89 and 90:
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
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New York Power Authority Preliminar
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New York Power Authority 2011 Preli
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Discussion The attached preliminary
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Added to the O&M for ratemaking pur
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The capital costs (both debt- and e
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2012 to 2014 costs, respectively. T
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The proposed demand and energy rate
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NEW YORK POWER AUTHORITY HYDROELECT
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Table 1 EMBEDDED COSTS FOR ANCILLAR
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Table 3 EMBEDDED COSTS FOR BLACK ST
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Table 5 EMBEDDED COSTS FOR OPERATIN
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TABLE OF CONTENTS Page ARTICLE I DE
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“Commercial Paper Rate Mode” me
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“Term Rate Mode” means the mode
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Chairman, President and Chief Execu
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Beneficial Owners to receive paymen
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(l) any other provisions deemed adv
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306. Delivery of Bonds. Except as o
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(a) The General Resolution has not
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APPENDIX A [FORM OF BONDS] No. 2011
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To the extent and in the manner per
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IN WITNESS WHEREOF, POWER AUTHORITY
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FORM OF ASSIGNMENT ASSIGNMENT FOR V
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POWER AUTHORITY OF THE STATE OF NEW
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Implementation of any refunding wil
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under the Securities Exchange Act o
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executing officer deems in his or h
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EXHIBITS Exhibit 1: Amended and Res
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$___,___,000 Series 2011 A Bonds SE
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[This page intentionally left blank
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Rate Covenant......................
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Registration of the 2011 Bonds.....
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through purchased power (see ‘‘
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Trust Estate The Trust Estate consi
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and such pledge shall be subordinat
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Optional Redemption The 2011 Bonds
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casualty and life insurance compani
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“OID” is the excess of (i) the
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The specific nature of the informat
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3. The 2011 Bonds have been duly an
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4. To facilitate subsequent transfe
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circumstances, compliance with this
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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
Page 311 and 312:
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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
Page 365 and 366:
members of the Board of Trustees. A
Page 367 and 368:
Section 5. Expenditure Authorizatio
Page 369 and 370:
DATE: 07/26/2011 REVISION: 0 POWER
Page 371:
DATE: 07/26/2011 REVISION: 0 POWER
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July (pdf) - New York Power Authority

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