PDF - New York Power Authority

(i) Gap-Closing Initiatives – revenue enhancement or cost-reduction initiatives
As the Authority is projecting positive net income for the 2011-2014 financial plan period, there are no planned gapclosing
programs.
(j) Material Non-recurring Resources – source and amount
See discussion in “Other Income” section.
(k) Shift in Material Resources
There are no anticipated shifts in material resources from one year to another.
(l) Debt Service
Projected Debt Outstanding (FYE)
(in Thousands)
2011 2012 2013 2014
Revenue Bonds 1,173,285 1,130,285 1,383,725 1,331,535
Adjustable Rate Tender Notes 122,935 114,765 105,940 96,410
Commercial Paper Notes 545,162 473,824 460,353 446,614
TOTAL 1,841,382 1,718,874 1,950,018 1,874,559
Debt Service as Percentage of Pledged Revenues (Accrual Based)
(in Thousands)
2011 2012 2013 2014
Debt
Service
% of
Rev.
Debt
Service
% of
Rev.
Debt
Service
% of
Rev.
Debt
Service
% of
Rev.
Revenue Bonds $104,761 3.71% $105,206 3.35% $111,050 3.33% $130,414 3.76%
Adjustable Rate Tender Notes $9,118 0.32% $10,833 0.34% $12,552 0.38% $14,144 0.41%
Commercial Paper Notes $54,475 1.93% $50,762 1.62% $53,774 1.61% $52,207 1.51%
Total Debt Service $168,354 5.96% $166,801 5.31% $177,376 5.32% $196,765 5.68%
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