If you are visually impaired or blind, you can visit the PDF version by Pressing CONTROL + ALT + 4
<br /> 2020 ANNUAL REPORT<br /> RESILIENCE<br /> IS ROOTED<br /> IN OUR PEOPLE<br /> VISION<br /> A thriving, resilient New York State powered by clean energy.<br /> MISSION<br /> Lead the transition to a carbon-free, economically vibrant New York<br /> through customer partnerships, innovative energy solutions, and<br /> the responsible supply of affordable, clean and reliable electricity.<br /> OUR VALUES<br /> • We work for the greater good and a stronger, sustainable New York State<br /> • We hold ourselves to the highest standards of integrity, safety and excellence<br /> • We are resilient and use our ingenuity to make big things happen<br /> • We draw strength from our diversity—everyone contributes, everyone belongs<br /> • We work as one team, putting our trust and confidence in each other<br /> Cover:<br /> Daniella Piper, vice president, Digital Transformation Office and chief of staff.<br /> Left to right: Juan Cazorla, assistant facility manager;<br /> A<a title="NYPA-2020-Annual-Report page 1" href="http://viewer.zmags.com/publication/8105a4af?page=1"> 2020 ANNUAL REPORT RESILIENCE IS ROOTED IN OUR </a> <a title="NYPA-2020-Annual-Report page 2" href="http://viewer.zmags.com/publication/8105a4af?page=2"> VISION A thriving, resilient New York State power</a> <a title="NYPA-2020-Annual-Report page 3" href="http://viewer.zmags.com/publication/8105a4af?page=3"> Left to right: Juan Cazorla, assistant facility m</a> <a title="NYPA-2020-Annual-Report page 4" href="http://viewer.zmags.com/publication/8105a4af?page=4"> John R. Koelmel Chairman Michael Balbo</a> <a title="NYPA-2020-Annual-Report page 5" href="http://viewer.zmags.com/publication/8105a4af?page=5"> Executive Management Gil C. Quiniones President </a> <a title="NYPA-2020-Annual-Report page 6" href="http://viewer.zmags.com/publication/8105a4af?page=6"> IN THIS REPORT 1. MAKING THE IMPOSSIBLE HAPPEN </a> <a title="NYPA-2020-Annual-Report page 7" href="http://viewer.zmags.com/publication/8105a4af?page=7"> 8. 5. VISIONING </a> <a title="NYPA-2020-Annual-Report page 8" href="http://viewer.zmags.com/publication/8105a4af?page=8"> As a volunteer firefighter for more than 20 years a</a> <a title="NYPA-2020-Annual-Report page 9" href="http://viewer.zmags.com/publication/8105a4af?page=9"> 1. MAKING THE IMPOSSIBLE HAPPEN </a> <a title="NYPA-2020-Annual-Report page 10" href="http://viewer.zmags.com/publication/8105a4af?page=10"> NYPA & CANALS EMPLOYEES ASSISTING NEW YORK STATE’</a> <a title="NYPA-2020-Annual-Report page 11" href="http://viewer.zmags.com/publication/8105a4af?page=11"> “COVID-19 raised questions and concerns for many </a> <a title="NYPA-2020-Annual-Report page 12" href="http://viewer.zmags.com/publication/8105a4af?page=12"> Rob Cammer Operations Shift Supervisor Blenheim-G</a> <a title="NYPA-2020-Annual-Report page 13" href="http://viewer.zmags.com/publication/8105a4af?page=13"> 2. KEEPING THE LIGHTS ON R</a> <a title="NYPA-2020-Annual-Report page 14" href="http://viewer.zmags.com/publication/8105a4af?page=14"> St. Lawrence – FDR PowerProject Massena </a> <a title="NYPA-2020-Annual-Report page 15" href="http://viewer.zmags.com/publication/8105a4af?page=15"> Construction work on the first 21-mile section of </a> <a title="NYPA-2020-Annual-Report page 16" href="http://viewer.zmags.com/publication/8105a4af?page=16"> 14 We began construction, in August 2020, on a n</a> <a title="NYPA-2020-Annual-Report page 17" href="http://viewer.zmags.com/publication/8105a4af?page=17"> Josh Montonaro, Canals facilities operations assi</a> <a title="NYPA-2020-Annual-Report page 18" href="http://viewer.zmags.com/publication/8105a4af?page=18"> “2020 challenged everyone to think, live and work</a> <a title="NYPA-2020-Annual-Report page 19" href="http://viewer.zmags.com/publication/8105a4af?page=19"> 3. ABOVE AND BEYOND In early March 2020, wit</a> <a title="NYPA-2020-Annual-Report page 20" href="http://viewer.zmags.com/publication/8105a4af?page=20"> a clear social responsibility to ensure all the p</a> <a title="NYPA-2020-Annual-Report page 21" href="http://viewer.zmags.com/publication/8105a4af?page=21"> safer, comforted and more confident after reading </a> <a title="NYPA-2020-Annual-Report page 22" href="http://viewer.zmags.com/publication/8105a4af?page=22"> Despite a year of canceled events and a shortage </a> <a title="NYPA-2020-Annual-Report page 23" href="http://viewer.zmags.com/publication/8105a4af?page=23"> 4. TAKING CARE OF CUSTOMERS </a> <a title="NYPA-2020-Annual-Report page 24" href="http://viewer.zmags.com/publication/8105a4af?page=24"> ECONOMIC DEVELOPMENT 2020 21.9 MW power allocate</a> <a title="NYPA-2020-Annual-Report page 25" href="http://viewer.zmags.com/publication/8105a4af?page=25"> Since the program began in 2018, NYPA has install</a> <a title="NYPA-2020-Annual-Report page 26" href="http://viewer.zmags.com/publication/8105a4af?page=26"> “Neither snow nor rain nor heat nor gloom of nigh</a> <a title="NYPA-2020-Annual-Report page 27" href="http://viewer.zmags.com/publication/8105a4af?page=27"> 5. ON A PERSONNEL LEVEL 2020 was a year of t</a> <a title="NYPA-2020-Annual-Report page 28" href="http://viewer.zmags.com/publication/8105a4af?page=28"> Nancy Harvey Chief Diversity, Equity and Inclusio</a> <a title="NYPA-2020-Annual-Report page 29" href="http://viewer.zmags.com/publication/8105a4af?page=29"> Left: System Operator I Jason Smith (left) and Or</a> <a title="NYPA-2020-Annual-Report page 30" href="http://viewer.zmags.com/publication/8105a4af?page=30"> In addition to keeping planned projects on track </a> <a title="NYPA-2020-Annual-Report page 31" href="http://viewer.zmags.com/publication/8105a4af?page=31"> 6. POWER ON WITH TECH Abo</a> <a title="NYPA-2020-Annual-Report page 32" href="http://viewer.zmags.com/publication/8105a4af?page=32"> Left: Control Room Operator Danny Albrecht upload</a> <a title="NYPA-2020-Annual-Report page 33" href="http://viewer.zmags.com/publication/8105a4af?page=33"> “Constant coordination with government agencies, </a> <a title="NYPA-2020-Annual-Report page 34" href="http://viewer.zmags.com/publication/8105a4af?page=34"> “The bond deal was one of the most exciting thing</a> <a title="NYPA-2020-Annual-Report page 35" href="http://viewer.zmags.com/publication/8105a4af?page=35"> 7. THE YEAR OF FIRSTS The global spread of</a> <a title="NYPA-2020-Annual-Report page 36" href="http://viewer.zmags.com/publication/8105a4af?page=36"> Left: NYPA’s Breaker II tugboat moves past the St</a> <a title="NYPA-2020-Annual-Report page 37" href="http://viewer.zmags.com/publication/8105a4af?page=37"> continuing modernization of NYPA’s major hydropow</a> <a title="NYPA-2020-Annual-Report page 38" href="http://viewer.zmags.com/publication/8105a4af?page=38"> “The biggest challenge in crafting the VISION2030</a> <a title="NYPA-2020-Annual-Report page 39" href="http://viewer.zmags.com/publication/8105a4af?page=39"> 8. VISIONING THE FUTURE A</a> <a title="NYPA-2020-Annual-Report page 40" href="http://viewer.zmags.com/publication/8105a4af?page=40"> Northern New York Priority Transmission Project ·</a> <a title="NYPA-2020-Annual-Report page 41" href="http://viewer.zmags.com/publication/8105a4af?page=41"> It became clear that resiliency and sustainabilit</a> <a title="NYPA-2020-Annual-Report page 42" href="http://viewer.zmags.com/publication/8105a4af?page=42"> Lori Alesio served on the Incident Command Struct</a> <a title="NYPA-2020-Annual-Report page 43" href="http://viewer.zmags.com/publication/8105a4af?page=43"> 9. FURTHERING NYPA’s SUCCESS </a> <a title="NYPA-2020-Annual-Report page 44" href="http://viewer.zmags.com/publication/8105a4af?page=44"> Gov. Andrew M. Cuomo leads a COVID-19 information</a> <a title="NYPA-2020-Annual-Report page 45" href="http://viewer.zmags.com/publication/8105a4af?page=45"> BEING OPEN WHEN THE DOORS CLOSE Shane</a> <a title="NYPA-2020-Annual-Report page 46" href="http://viewer.zmags.com/publication/8105a4af?page=46"> Left: The Niagara Power Vista visitors center, Le</a> <a title="NYPA-2020-Annual-Report page 47" href="http://viewer.zmags.com/publication/8105a4af?page=47"> Elena Mercado of Niskayuna participates in a padd</a> <a title="NYPA-2020-Annual-Report page 48" href="http://viewer.zmags.com/publication/8105a4af?page=48"> “It was no surprise to EJ that the pandemic affec</a> <a title="NYPA-2020-Annual-Report page 49" href="http://viewer.zmags.com/publication/8105a4af?page=49"> 10. EMPOWERING NEW YORK </a> <a title="NYPA-2020-Annual-Report page 50" href="http://viewer.zmags.com/publication/8105a4af?page=50"> Advancing an idea proposed through “Eureka!,” the</a> <a title="NYPA-2020-Annual-Report page 51" href="http://viewer.zmags.com/publication/8105a4af?page=51"> Maintaining continuity in community and stakehold</a> <a title="NYPA-2020-Annual-Report page 52" href="http://viewer.zmags.com/publication/8105a4af?page=52"> A driver uses a zero-emissions electric vehicle c</a> <a title="NYPA-2020-Annual-Report page 53" href="http://viewer.zmags.com/publication/8105a4af?page=53"> NYPA looked beyond its walls to shape the plan wi</a> <a title="NYPA-2020-Annual-Report page 54" href="http://viewer.zmags.com/publication/8105a4af?page=54"> Niagara Project NYPA GENERATION AND TRA</a> <a title="NYPA-2020-Annual-Report page 55" href="http://viewer.zmags.com/publication/8105a4af?page=55"> NEW YORK STATE CANAL SYSTEM REIMAGINE THE CANALS </a> <a title="NYPA-2020-Annual-Report page 56" href="http://viewer.zmags.com/publication/8105a4af?page=56"> 54 NEW YORK POWER AUTHORITY Fin</a> <a title="NYPA-2020-Annual-Report page 57" href="http://viewer.zmags.com/publication/8105a4af?page=57"> KPMG LLP 345 Park Avenue New York, NY 10154-0102 </a> <a title="NYPA-2020-Annual-Report page 58" href="http://viewer.zmags.com/publication/8105a4af?page=58"> 56 Other Matters Required Supplementary Informat</a> <a title="NYPA-2020-Annual-Report page 59" href="http://viewer.zmags.com/publication/8105a4af?page=59"> Management Report Management is responsible for</a> <a title="NYPA-2020-Annual-Report page 60" href="http://viewer.zmags.com/publication/8105a4af?page=60"> 58 NEW YORK POWER AUTHORITY Management's Discus</a> <a title="NYPA-2020-Annual-Report page 61" href="http://viewer.zmags.com/publication/8105a4af?page=61"> NEW YORK POWER AUTHORITY Management's Discussion</a> <a title="NYPA-2020-Annual-Report page 62" href="http://viewer.zmags.com/publication/8105a4af?page=62"> 60 NEW YORK POWER AUTHORITY Management's Discus</a> <a title="NYPA-2020-Annual-Report page 63" href="http://viewer.zmags.com/publication/8105a4af?page=63"> NEW YORK POWER AUTHORITY Management's Discussion</a> <a title="NYPA-2020-Annual-Report page 64" href="http://viewer.zmags.com/publication/8105a4af?page=64"> 62 NEW YORK POWER AUTHORITY Management's Discus</a> <a title="NYPA-2020-Annual-Report page 65" href="http://viewer.zmags.com/publication/8105a4af?page=65"> NEW YORK POWER AUTHORITY Management's Discussion</a> <a title="NYPA-2020-Annual-Report page 66" href="http://viewer.zmags.com/publication/8105a4af?page=66"> 64 NEW YORK POWER AUTHORITY Management's Discus</a> <a title="NYPA-2020-Annual-Report page 67" href="http://viewer.zmags.com/publication/8105a4af?page=67"> NEW YORK POWER AUTHORITY Management's Discussion</a> <a title="NYPA-2020-Annual-Report page 68" href="http://viewer.zmags.com/publication/8105a4af?page=68"> 66 NEW YORK POWER AUTHORITY Management's Discus</a> <a title="NYPA-2020-Annual-Report page 69" href="http://viewer.zmags.com/publication/8105a4af?page=69"> NEW YORK POWER AUTHORITY Management's Discussion</a> <a title="NYPA-2020-Annual-Report page 70" href="http://viewer.zmags.com/publication/8105a4af?page=70"> 68 NEW YORK POWER AUTHORITY Management's Discus</a> <a title="NYPA-2020-Annual-Report page 71" href="http://viewer.zmags.com/publication/8105a4af?page=71"> NEW YORK POWER AUTHORITY Management's Discussion</a> <a title="NYPA-2020-Annual-Report page 72" href="http://viewer.zmags.com/publication/8105a4af?page=72"> 70 NEW YORK POWER AUTHORITY Management's Discus</a> <a title="NYPA-2020-Annual-Report page 73" href="http://viewer.zmags.com/publication/8105a4af?page=73"> NEW YORK POWER AUTHORITY Management's Discussion</a> <a title="NYPA-2020-Annual-Report page 74" href="http://viewer.zmags.com/publication/8105a4af?page=74"> 72 NEW YORK POWER AUTHORITY Management's Discus</a> <a title="NYPA-2020-Annual-Report page 75" href="http://viewer.zmags.com/publication/8105a4af?page=75"> NEW YORK POWER AUTHORITY Consolidated Statements</a> <a title="NYPA-2020-Annual-Report page 76" href="http://viewer.zmags.com/publication/8105a4af?page=76"> 74 NEW YORK POWER AUTHORITY Consolidated Statem</a> <a title="NYPA-2020-Annual-Report page 77" href="http://viewer.zmags.com/publication/8105a4af?page=77"> Operating revenues: Power sales T</a> <a title="NYPA-2020-Annual-Report page 78" href="http://viewer.zmags.com/publication/8105a4af?page=78"> 76 NEW YORK POWER AUTHORITY Consolidated Statem</a> <a title="NYPA-2020-Annual-Report page 79" href="http://viewer.zmags.com/publication/8105a4af?page=79"> NEW YORK POWER AUTHORITY Statements of Fiduciary</a> <a title="NYPA-2020-Annual-Report page 80" href="http://viewer.zmags.com/publication/8105a4af?page=80"> 78 NEW YORK POWER AUTHORITY Statements of Chang</a> <a title="NYPA-2020-Annual-Report page 81" href="http://viewer.zmags.com/publication/8105a4af?page=81"> NEW YORK POWER AUTHORITY Notes to the Consolidat</a> <a title="NYPA-2020-Annual-Report page 82" href="http://viewer.zmags.com/publication/8105a4af?page=82"> 80 NEW YORK POWER AUTHORITY Notes to the Consol</a> <a title="NYPA-2020-Annual-Report page 83" href="http://viewer.zmags.com/publication/8105a4af?page=83"> NEW YORK POWER AUTHORITY Notes to the Consolidat</a> <a title="NYPA-2020-Annual-Report page 84" href="http://viewer.zmags.com/publication/8105a4af?page=84"> 82 NEW YORK POWER AUTHORITY Notes to the Consol</a> <a title="NYPA-2020-Annual-Report page 85" href="http://viewer.zmags.com/publication/8105a4af?page=85"> NEW YORK POWER AUTHORITY Notes to the Consolidat</a> <a title="NYPA-2020-Annual-Report page 86" href="http://viewer.zmags.com/publication/8105a4af?page=86"> 84 NEW YORK POWER AUTHORITY Notes to the Consol</a> <a title="NYPA-2020-Annual-Report page 87" href="http://viewer.zmags.com/publication/8105a4af?page=87"> NEW YORK POWER AUTHORITY Notes to the Consolidat</a> <a title="NYPA-2020-Annual-Report page 88" href="http://viewer.zmags.com/publication/8105a4af?page=88"> 86 NEW YORK POWER AUTHORITY Notes to the Consol</a> <a title="NYPA-2020-Annual-Report page 89" href="http://viewer.zmags.com/publication/8105a4af?page=89"> NEW YORK POWER AUTHORITY Notes to the Consolidat</a> <a title="NYPA-2020-Annual-Report page 90" href="http://viewer.zmags.com/publication/8105a4af?page=90"> 88 NEW YORK POWER AUTHORITY Notes to the Consol</a> <a title="NYPA-2020-Annual-Report page 91" href="http://viewer.zmags.com/publication/8105a4af?page=91"> NEW YORK POWER AUTHORITY Notes to the Consolidat</a> <a title="NYPA-2020-Annual-Report page 92" href="http://viewer.zmags.com/publication/8105a4af?page=92"> 90 NEW YORK POWER AUTHORITY Notes to the Consol</a> <a title="NYPA-2020-Annual-Report page 93" href="http://viewer.zmags.com/publication/8105a4af?page=93"> NEW YORK POWER AUTHORITY Notes to the Consolidat</a> <a title="NYPA-2020-Annual-Report page 94" href="http://viewer.zmags.com/publication/8105a4af?page=94"> 92 NEW YORK POWER AUTHORITY Notes to the Consol</a> <a title="NYPA-2020-Annual-Report page 95" href="http://viewer.zmags.com/publication/8105a4af?page=95"> NEW YORK POWER AUTHORITY Notes to the Consolidat</a> <a title="NYPA-2020-Annual-Report page 96" href="http://viewer.zmags.com/publication/8105a4af?page=96"> 94 NEW YORK POWER AUTHORITY Notes to the Consol</a> <a title="NYPA-2020-Annual-Report page 97" href="http://viewer.zmags.com/publication/8105a4af?page=97"> Subordinate debt: Subordinated Notes, Serie</a> <a title="NYPA-2020-Annual-Report page 98" href="http://viewer.zmags.com/publication/8105a4af?page=98"> 96 NEW YORK POWER AUTHORITY Notes to the Consol</a> <a title="NYPA-2020-Annual-Report page 99" href="http://viewer.zmags.com/publication/8105a4af?page=99"> NEW YORK POWER AUTHORITY Notes to the Consolidat</a> <a title="NYPA-2020-Annual-Report page 100" href="http://viewer.zmags.com/publication/8105a4af?page=100"> 98 NEW YORK POWER AUTHORITY Notes to the Consol</a> <a title="NYPA-2020-Annual-Report page 101" href="http://viewer.zmags.com/publication/8105a4af?page=101"> NEW YORK POWER AUTHORITY Notes to the Consolidat</a> <a title="NYPA-2020-Annual-Report page 102" href="http://viewer.zmags.com/publication/8105a4af?page=102"> 100 NEW YORK POWER AUTHORITY Notes to the Conso</a> <a title="NYPA-2020-Annual-Report page 103" href="http://viewer.zmags.com/publication/8105a4af?page=103"> NEW YORK POWER AUTHORITY Notes to the Consolidat</a> <a title="NYPA-2020-Annual-Report page 104" href="http://viewer.zmags.com/publication/8105a4af?page=104"> NEW YORK POWER AUTHORITY Notes to the Consolidat</a> <a title="NYPA-2020-Annual-Report page 105" href="http://viewer.zmags.com/publication/8105a4af?page=105"> NEW YORK POWER AUTHORITY Notes to the Consolidat</a> <a title="NYPA-2020-Annual-Report page 106" href="http://viewer.zmags.com/publication/8105a4af?page=106"> 104 NEW YORK POWER AUTHORITY Notes to the Conso</a> <a title="NYPA-2020-Annual-Report page 107" href="http://viewer.zmags.com/publication/8105a4af?page=107"> NEW YORK POWER AUTHORITY Notes to the Consolidat</a> <a title="NYPA-2020-Annual-Report page 108" href="http://viewer.zmags.com/publication/8105a4af?page=108"> 106 NEW YORK POWER AUTHORITY Notes to the</a> <a title="NYPA-2020-Annual-Report page 109" href="http://viewer.zmags.com/publication/8105a4af?page=109"> NEW YORK POWER AUTHORITY Notes to the Cons</a> <a title="NYPA-2020-Annual-Report page 110" href="http://viewer.zmags.com/publication/8105a4af?page=110"> 108 NEW YORK POWER AUTHORITY Notes to the Conso</a> <a title="NYPA-2020-Annual-Report page 111" href="http://viewer.zmags.com/publication/8105a4af?page=111"> NEW YORK POWER AUTHORITY Notes to the Consolidat</a> <a title="NYPA-2020-Annual-Report page 112" href="http://viewer.zmags.com/publication/8105a4af?page=112"> 110 NEW YORK POWER AUTHORITY Notes to the Conso</a> <a title="NYPA-2020-Annual-Report page 113" href="http://viewer.zmags.com/publication/8105a4af?page=113"> NEW YORK POWER AUTHORITY Notes to the Consolidat</a> <a title="NYPA-2020-Annual-Report page 114" href="http://viewer.zmags.com/publication/8105a4af?page=114"> 112 NEW YORK POWER AUTHORITY Notes to the</a> <a title="NYPA-2020-Annual-Report page 115" href="http://viewer.zmags.com/publication/8105a4af?page=115"> NEW YORK POWER AUTHORITY Notes to the Cons</a> <a title="NYPA-2020-Annual-Report page 116" href="http://viewer.zmags.com/publication/8105a4af?page=116"> 114 NEW YORK POWER AUTHORITY Notes to the Conso</a> <a title="NYPA-2020-Annual-Report page 117" href="http://viewer.zmags.com/publication/8105a4af?page=117"> NEW YORK POWER AUTHORITY Notes to the Consolidat</a> <a title="NYPA-2020-Annual-Report page 118" href="http://viewer.zmags.com/publication/8105a4af?page=118"> 116 NEW YORK POWER AUTHORITY Notes to the</a> <a title="NYPA-2020-Annual-Report page 119" href="http://viewer.zmags.com/publication/8105a4af?page=119"> NEW YORK POWER AUTHORITY Notes to the Consolidat</a> <a title="NYPA-2020-Annual-Report page 120" href="http://viewer.zmags.com/publication/8105a4af?page=120"> 118 NEW YORK POWER AUTHORITY Notes to the Conso</a> <a title="NYPA-2020-Annual-Report page 121" href="http://viewer.zmags.com/publication/8105a4af?page=121"> NEW YORK POWER AUTHORITY Notes to the Consolidat</a> <a title="NYPA-2020-Annual-Report page 122" href="http://viewer.zmags.com/publication/8105a4af?page=122"> 120 NEW YORK POWER AUTHORITY Notes to the Conso</a> <a title="NYPA-2020-Annual-Report page 123" href="http://viewer.zmags.com/publication/8105a4af?page=123"> NEW YORK POWER AUTHORITY Notes to the Consolidat</a> <a title="NYPA-2020-Annual-Report page 124" href="http://viewer.zmags.com/publication/8105a4af?page=124"> 122 NEW YORK POWER AUTHORITY Notes to the Conso</a> <a title="NYPA-2020-Annual-Report page 125" href="http://viewer.zmags.com/publication/8105a4af?page=125"> NEW YORK POWER AUTHORITY Notes to the Consolidat</a> <a title="NYPA-2020-Annual-Report page 126" href="http://viewer.zmags.com/publication/8105a4af?page=126"> 124 NEW YORK POWER AUTHORITY Notes to the Conso</a> <a title="NYPA-2020-Annual-Report page 127" href="http://viewer.zmags.com/publication/8105a4af?page=127"> NEW YORK POWER AUTHORITY Notes to the Consolidat</a> <a title="NYPA-2020-Annual-Report page 128" href="http://viewer.zmags.com/publication/8105a4af?page=128"> 126 NEW YORK POWER AUTHORITY Notes to the Conso</a> <a title="NYPA-2020-Annual-Report page 129" href="http://viewer.zmags.com/publication/8105a4af?page=129"> NEW YORK POWER AUTHORITY Notes to the Consolidat</a> <a title="NYPA-2020-Annual-Report page 130" href="http://viewer.zmags.com/publication/8105a4af?page=130"> 128 NEW YORK POWER AUTHORITY Notes to the Conso</a> <a title="NYPA-2020-Annual-Report page 131" href="http://viewer.zmags.com/publication/8105a4af?page=131"> NEW YORK POWER AUTHORITY Notes to the Consolidat</a> <a title="NYPA-2020-Annual-Report page 132" href="http://viewer.zmags.com/publication/8105a4af?page=132"> 130 NEW YORK POWER AUTHORITY Notes to the Conso</a> <a title="NYPA-2020-Annual-Report page 133" href="http://viewer.zmags.com/publication/8105a4af?page=133"> D REQUIRED SUPPLEMENTAR</a> <a title="NYPA-2020-Annual-Report page 134" href="http://viewer.zmags.com/publication/8105a4af?page=134"> D </a> <a title="NYPA-2020-Annual-Report page 135" href="http://viewer.zmags.com/publication/8105a4af?page=135"> D New York Power Authority Required Supplementa</a> <a title="NYPA-2020-Annual-Report page 136" href="http://viewer.zmags.com/publication/8105a4af?page=136"> D </a> <a title="NYPA-2020-Annual-Report page 137" href="http://viewer.zmags.com/publication/8105a4af?page=137"> D New York Power Authority Required Supplemen</a> <a title="NYPA-2020-Annual-Report page 138" href="http://viewer.zmags.com/publication/8105a4af?page=138"> D </a> <a title="NYPA-2020-Annual-Report page 139" href="http://viewer.zmags.com/publication/8105a4af?page=139"> KPMG LLP 345 Park Avenue New York, NY 10154-0102 </a> <a title="NYPA-2020-Annual-Report page 140" href="http://viewer.zmags.com/publication/8105a4af?page=140"> 138 Purpose of this Report The purpose of this r</a> <a title="NYPA-2020-Annual-Report page 141" href="http://viewer.zmags.com/publication/8105a4af?page=141"> </a> <a title="NYPA-2020-Annual-Report page 142" href="http://viewer.zmags.com/publication/8105a4af?page=142"> 123 Main Street White Plains, NY 106</a>