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November 28, 2015 3:51 PM ET

Electric Utilities

Company Overview of New York Power Authority

Company Overview

Power Authority of the State of New York, doing business as The New York Power Authority, engages in the generation, transmission, and sale of electricity in the state of New York. As of April 16, 2010, the company operated 17 generating facilities and approximately 1,400 circuit-miles of transmission lines. It primarily serves municipal and rural cooperative electric systems, investor-owned utilities, high-load-factor industries and other businesses, public corporations, and certain out-of-state customers. The company was founded in 1931 and is headquartered in White Plains, New York.

Mailroom 10-B

123 Main Street

White Plains, NY 10601-3170

United States

Founded in 1931



Key Executives for New York Power Authority

Chief Executive Officer and President
Chief Financial Officer and Executive Vice President
Age: 58
Chief Operating Officer
Executive Vice President and General Counsel
Senior Vice President of Economic Development & Energy Efficiency
Compensation as of Fiscal Year 2015.

New York Power Authority Key Developments

The New York Power Authority Names Soubhagya Parija as Senior Vice President and Chief Risk Officer

The New York Power Authority has named Soubhagya Parija as senior vice president and chief risk officer, to administer all aspects of risk management and insurance at the nation's state public power organization. Parija joined NYPA from Wal-Mart, where he was a director and oversaw the global compliance risk strategy for the retail giant's operations in 26 countries. He has worked in management at two major utilities in the U.S. and India. Parija, who will report to Quiniones, will also work closely with Jennifer Faulkner, who joined NYPA earlier in 2015 as senior vice president of internal audit. Faulkner oversees evaluations of the effectiveness of financial, information technology and operating controls at NYPA.

N.Y. Power Authority Trustees Approve Low-Cost Hydropower Allocation to Pride Pak Canada Ltd. to Support Expansion in Orleans County, Creating Jobs and Spurring Capital Investments

The New York Power Authority (NYPA) Board of Trustees approved on an allocation of low-cost hydropower to Pride Pak for an expansion project in Orleans County. The $18 million project will lead to the creation of 163 new jobs. The allocation is made possible by an economic development program for allotments of power from NYPA's Niagara Power Project in return for job and capital investment commitments. Pride Pak will expand to Medina and utilize 1,000 kilowatts of hydropower. The renovations at the new location are expected to be completed in January 2016. Low-cost Niagara hydropower is currently priced more than 40% less than wholesale market electricity in the Buffalo-Niagara region and is linked to tens of thousands of existing jobs. In addition, the capital investment by Pride Pak is expected to support additional construction jobs.

New York Power Authority Appoints Jennifer Faulkner as Senior Vice President of Internal Audits

New York Power Authority has appointed Jennifer Faulkner, formerly an executive at Pfizer as senior vice president of internal audits. Faulkner will direct the Internal Audits program for NYPA and in that role she will oversee the preparation of the annual Internal Audit plan and direct the execution of internal audits that regularly evaluate the adequacy and effectiveness of financial, information technology and operating controls. In addition, she will plan and direct all fraud prevention and detection internal audit activities at NYPA, including the execution of special investigations involving cases and instances of fraud, waste, abuse and ethical and regulatory complaints.

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