October 28, 2016 9:20 AM 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: 59
Chief Operating Officer
Executive Vice President and General Counsel
Senior Vice President of Economic Development & Energy Efficiency
Compensation as of Fiscal Year 2016.

New York Power Authority Key Developments

New York Power Authority Ratifies Contract with Utility Workers Union

The New York Power Authority's Board of Trustees ratified a 10 year contract with Local 1-2 of the Utility Workers Union of America, which represents employees at NYPA's facilities in Queens. The accord affects about two dozen union members, who work at the 500-MW combined cycle plant in Astoria and the administrative building at the adjacent former Charles Poletti Power Project. They had approved the contract by a significant margin last month. In addition to salary increases, employees agreed to higher health care contributions, as well as changes to retiree medical insurance and some work rule modifications. Both sides also agreed to continue discussions on health care cost containment as well as functional responsibilities of key job titles. The contract means all unionized employees now have agreements with NYPA.

New York Power Authority and State University of New York to Partner on Solar-Energy Storage System

The New York Power Authority, or NYPA, and the State University of New York at New Paltz have announced that they will partner to build a solar-energy storage system on campus that will offset the school's reliance on the electric grid. The system will provide solar-power generation and employ a hybrid power converter and backup generator that would supply power in case of an outage at the Elting Gymnasium, which serves as an emergency shelter on campus. Most of the solar panels for the 217-kilowatt project will be installed on the gym's roof. The remainder will go on the roof of the nearby Sojourner Truth Library. A battery storage system, located in the gym's basement, will be supported by the solar arrays, allowing the school to utilize stored solar power during emergencies and times of peak demand for the university. The Power Authority is implementing the project and providing more than $580,000 in funding. The project is expected to be complete by the end of the year. The $1.37 million project is part of Governor Andrew M. Cuomo's BuildSmart NY program, a comprehensive statewide initiative to increase energy efficiency in public buildings. BuildSmart NY is a key component of the Governor's Reforming the Energy Vision strategy to build a cleaner, more affordable and resilient energy system that supports the State's goal of reducing greenhouse gas emissions 40% by 2030 and ensuring that half of all energy used in the state comes from renewable sources by 2030.

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.

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14.2-acre parcel along Fuhrmann Boulevard

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