They are also a national leader in promoting energy efficiency, the development of clean energy technologies and electric vehicles. Their energy services projects can be found throughout New York State, saving money and megawatts while helping reduce greenhouse gas emissions.
Consistent with their long-standing commitment to the environment, they are incorporating “sustainability” into their day-to-day activities and adding green building features at NYPA facilities around the state, including their visitors centers and at their main administrative offices in White Plains.
The Power Authority has a long and proud history. Governor Franklin D. Roosevelt established New York’s model for public power through legislation signed in 1931.
Today, the Power Authority remains true to its mission, serving the public without the use of any tax revenue or state credit. They finance construction of their projects through bond sales to private investors, repaying bondholders with proceeds from their operations.