March (pdf) - New York Power Authority

March 29, 2011
SUMMARY
k. New York Power Authority’s Annual Strategic Plan
The President and Chief Executive Officer submitted the following report:
“The Trustees are presented with the Authority’s proposed 2011 Strategic Plan, set forth in Exhibit ‘1k-A’
attached hereto, and are requested to adopt the Strategic Plan and authorize the filing of the mission statement and
performance measures with the Authorities Budget Office as required by Section 2824-a of the Public Authorities
Law.
BACKGROUND
“Chapter 506 of the Laws of 2009 added a new Section 2824-a in the Public Authorities Law requiring
state and local public authorities to develop and adopt a mission statement. The law also requires public authorities
to develop performance measures to assist the authority in determining how well it is carrying out its mission.
Pursuant to this section, each state authority was to provide a copy of its mission statement and performance
measures to the Authorities Budget Office on or before March 31, 2010 and to post and maintain its mission
statement and performance report on its web site. The Authority fulfilled each of these requirements.
“For subsequent reporting years, the mission statement is to be included as part of the Annual Report
required to be filed with the Authorities Budget Office pursuant to Section 2800 of the Public Authorities Law.
Every public authority is also expected to annually review its mission statement and measures and publish a
measurement report.
“The Authority has for many years annually reviewed and updated, as necessary, its mission statement and
performance measures. The Authority’s By-Laws (Article VII, Section 2) provide that ‘the Trustees shall annually
review a Strategic Plan developed by the Executive Management Committee which shall become the basis for the
development of departmental plans, the annual budget and the capital expenditure plan.’
DISCUSSION
“In 2007, Authority staff undertook a wholesale review its annual strategic planning process wherein the
content of the Strategic Plan was redesigned to make more clear the Authority’s role and intentions so that
stakeholders may form a better understanding of the driving forces behind the Authority’s direction and decisions.
In addition, the strategic planning process was reformed from the prior, shorter-term tactical view to a longer-term
strategic view of the work plan. Additional efforts by staff in 2010 provided greater linkage between the Strategic
Plan and each organizational unit and employee within the Authority through the development of business plans for
each of the major functional areas within the Authority. The Authority’s Strategic Plan, which is attached as Exhibit
‘1k-A,’ is presented in the following format:
Mission Statement – A mission statement is a clear definition of the charter and underlying purpose of the
organization, articulating the aims, focus, and emphasis of the organization.
Vision Statement – The vision statement articulates the direction(s) that the organization will pursue. It
implicitly recognizes the underlying Mission, but provides a clear statement of upcoming priorities and
focus for the management team.
Values – Values articulate the underlying principles and aims of the business philosophy that guide the
conduct, practices and decisions toward which the organization will consistently strive.
Strategic Goals – Strategic goals are the specific programs that focus the organization’s resources and
efforts over the horizon of the strategic plan. Strategic goals are supported by business unit initiatives that
are projects with defined objectives and a clear beginning and end. Each business unit organization must
balance the incremental effort defined by these initiatives with management of the ongoing business of the
enterprise.
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