July (pdf) - New York Power Authority

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each recognize without limitation all New Jersey Vintage 2009, 2010 and 2011 allowances in circulation as well as those sold in Auction 12. Office of the Chief Operating Officer Sustainability Action Plan – Midyear Report By midyear, NYPA has completed milestones marking the implementation of its Sustainability Action Plan. The Authority published its first Sustainability Annual Report, Generating Sustainability, which was distributed to stakeholders and employees, and made publicly available on the NYPA website. Also in the first half of 2011, NYPA filed as a transitional reporter with the Climate Registry 19 as part of its effort to calculate and publicly disclose its carbon footprint. Significant progress has been made on several of the 13 sustainability milestones due for completion in the second half of the year, starting in September. -5-
GLOSSARY 1 Net Generation – The energy generated in a given time period by a power plant or group of plants, less the amount used at the plants themselves (station service) or for pumping in a pumped storage facility. Preliminary data in the COO report is provided by Accounting and subject to revision. 2 Megawatt-hour (MWh) – The amount of electricity needed to light ten thousand l00-watt light bulbs for one hour. A megawatt is equal to 1,000 kilowatts and can power about 800 homes, based on national averages. 3 Availability Factor – The Available Hours of a generating unit over the Period Hours (hours in a reporting period when the unit was in an active state). Available Hours are the sum of Service Hours (hours of generation), Reserve Shutdown Hours (hours a unit was not running but was available) and Pump Hours (hours a pumped storage unit was pumping water instead of generating power). 4 Generation Market Readiness Factor – The availability of generating facilities for bidding into the New York Independent System Operator (NYISO) market. It factors in available hours and forced outage hours that drive the results. 5 Significant Unplanned Generation Events – Forced or emergency outages of individual generator units of duration greater than 72 hours, or with a total repair cost of greater than $75,000, or resulting in greater than $50,000 of lost revenues. 6 Compressor – The part of the gas-fired turbine that compresses intake air to high pressure so that it can be used in the combustion area. 7 Transmission Reliability – A measurement of the impact of forced and scheduled outages on the statewide system’s ability to transmit power. 8 Significant Unplanned Transmission Events –Forced or emergency outages of individual transmission lines that directly affect the reliability of the state’s transmission network, or affect the availability of any component of the state’s transmission network for greater than eight hours, or have a repair cost greater than $75,000. 9 Life Extension and Modernization Program — A major undertaking in which all the turbines at the St. Lawrence-Franklin D. Roosevelt project are being replaced and the generators and other components significantly refurbished. The program is intended to ensure that the project operates at maximum efficiency far into the future. 10 R-22 Refrigerant – Common refrigerant used in residential and light commercial air conditioning, refrigerators, and freezers. R-22 is being phased out of production in the U.S. because of concerns over its threat to ozone depletion. -6-
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MINUTES OF THE REGULAR MEETING OF T
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July 26, 2011 Minutes of the Regula
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July 26, 2011 Introduction Chairman
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July 26, 2011 a. Approval of the Mi
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July 26, 2011 “Following a review
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July 26, 2011 3. a. Report of the P
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July 26, 2011 b. Report of the Chie
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July 26, 2011 4. Proposed Expansion
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July 26, 2011 average of 15.1 new j
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July 26, 2011 RESOLVED, That the Ch
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Page 23 and 24: July 26, 2011 Recommendation: Staff
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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
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Page 39 and 40: July 26, 2011 RESOLVED, That the Se
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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
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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: In June, NYPA finalized a position
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
Page 91 and 92: New York Power Authority Financial
Page 93 and 94: New York Power Authority Exhibit "4
Page 95 and 96: APPLICATION SUMMARY Expansion Power
Page 97 and 98: July 26, 2011 Exhibit “4-B-1” P
Page 99 and 100: WHEREAS, the Customer has completed
Page 101 and 102: R. Replacement Power (or RP) is 445
Page 103 and 104: the Service Tariff shall govern. In
Page 105 and 106: X. Transition of Allocation to WNY
Page 107 and 108: XVII. Waiver A. Any waiver at any t
Page 109 and 110: SCHEDULE A TO AGREEMENT FOR THE SAL
Page 111 and 112: United States Department of Labor (
Page 113 and 114: APPENDIX TO SCHEDULE B Base Employm
Page 115 and 116: The POWER AUTHORITY OF THE STATE OF
Page 117 and 118: D. Electric Service is the Firm Pow
Page 119 and 120: C. The Contract Demand for the Cust
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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
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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
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members of the Board of Trustees. A
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Section 5. Expenditure Authorizatio
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DATE: 07/26/2011 REVISION: 0 POWER
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DATE: 07/26/2011 REVISION: 0 POWER
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