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Best regards
Zmags
2020 ANNUAL REPORT
RESILIENCE
IS ROOTED
IN OUR PEOPLE
VISION
A thriving, resilient New York State powered by clean energy.
MISSION
Lead the transition to a carbon-free, economically vibrant New York
through customer partnerships, innovative energy solutions, and
the responsible supply of affordable, clean and reliable electricity.
OUR VALUES
• We work for the greater good and a stronger, sustainable New York State
• We hold ourselves to the highest standards of integrity, safety and excellence
• We are resilient and use our ingenuity to make big things happen
• We draw strength from our diversity—everyone contributes, everyone belongs
• We work as one team, putting our trust and confidence in each other
Cover:
Daniella Piper, vice president, Digital Transformation Office and chief of staff.
Left to right: Juan Cazorla, assistant facility manager;
A
2020 ANNUAL REPORT RESILIENCE IS ROOTED IN OUR
VISION A thriving, resilient New York State power
Left to right: Juan Cazorla, assistant facility m
John R. Koelmel Chairman Michael Balbo
Executive Management Gil C. Quiniones President
IN THIS REPORT 1. MAKING THE IMPOSSIBLE HAPPEN
8. 5. VISIONING
As a volunteer firefighter for more than 20 years a
1. MAKING THE IMPOSSIBLE HAPPEN
NYPA & CANALS EMPLOYEES ASSISTING NEW YORK STATE’
“COVID-19 raised questions and concerns for many
Rob Cammer Operations Shift Supervisor Blenheim-G
2. KEEPING THE LIGHTS ON R
St. Lawrence – FDR PowerProject Massena
Construction work on the first 21-mile section of
14 We began construction, in August 2020, on a n
Josh Montonaro, Canals facilities operations assi
“2020 challenged everyone to think, live and work
3. ABOVE AND BEYOND In early March 2020, wit
a clear social responsibility to ensure all the p
safer, comforted and more confident after reading
Despite a year of canceled events and a shortage
4. TAKING CARE OF CUSTOMERS
ECONOMIC DEVELOPMENT 2020 21.9 MW power allocate
Since the program began in 2018, NYPA has install
“Neither snow nor rain nor heat nor gloom of nigh
5. ON A PERSONNEL LEVEL 2020 was a year of t
Nancy Harvey Chief Diversity, Equity and Inclusio
Left: System Operator I Jason Smith (left) and Or
In addition to keeping planned projects on track
6. POWER ON WITH TECH Abo
Left: Control Room Operator Danny Albrecht upload
“Constant coordination with government agencies,
“The bond deal was one of the most exciting thing
7. THE YEAR OF FIRSTS The global spread of
Left: NYPA’s Breaker II tugboat moves past the St
continuing modernization of NYPA’s major hydropow
“The biggest challenge in crafting the VISION2030
8. VISIONING THE FUTURE A
Northern New York Priority Transmission Project ·
It became clear that resiliency and sustainabilit
Lori Alesio served on the Incident Command Struct
9. FURTHERING NYPA’s SUCCESS
Gov. Andrew M. Cuomo leads a COVID-19 information
BEING OPEN WHEN THE DOORS CLOSE Shane
Left: The Niagara Power Vista visitors center, Le
Elena Mercado of Niskayuna participates in a padd
“It was no surprise to EJ that the pandemic affec
10. EMPOWERING NEW YORK
Advancing an idea proposed through “Eureka!,” the
Maintaining continuity in community and stakehold
A driver uses a zero-emissions electric vehicle c
NYPA looked beyond its walls to shape the plan wi
Niagara Project NYPA GENERATION AND TRA
NEW YORK STATE CANAL SYSTEM REIMAGINE THE CANALS
54 NEW YORK POWER AUTHORITY Fin
KPMG LLP 345 Park Avenue New York, NY 10154-0102
56 Other Matters Required Supplementary Informat
Management Report Management is responsible for
58 NEW YORK POWER AUTHORITY Management's Discus
NEW YORK POWER AUTHORITY Management's Discussion
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NEW YORK POWER AUTHORITY Management's Discussion
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NEW YORK POWER AUTHORITY Management's Discussion
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NEW YORK POWER AUTHORITY Management's Discussion
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NEW YORK POWER AUTHORITY Consolidated Statements
74 NEW YORK POWER AUTHORITY Consolidated Statem
Operating revenues: Power sales T
76 NEW YORK POWER AUTHORITY Consolidated Statem
NEW YORK POWER AUTHORITY Statements of Fiduciary
78 NEW YORK POWER AUTHORITY Statements of Chang
NEW YORK POWER AUTHORITY Notes to the Consolidat
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Subordinate debt: Subordinated Notes, Serie
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D REQUIRED SUPPLEMENTAR
D
D New York Power Authority Required Supplementa
D
D New York Power Authority Required Supplemen
D
KPMG LLP 345 Park Avenue New York, NY 10154-0102
138 Purpose of this Report The purpose of this r
123 Main Street White Plains, NY 106