Power Authority, New York
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Mission
As the nation’s largest state public power organization, the primary mission of NYPA is to power the economic growth and competitiveness of New York State by providing customers with low-cost, clean, reliable power and the innovative energy infrastructure and services they value.
Budget Highlights
The Executive Budget includes legislation that transfers the New York State Canal Corporation from the Thruway Authority to the New York Power Authority. The Power Authority, through its new subsidiary, the Canal Corporation, will maintain, operate, develop and make capital improvements to the 524-mile navigable waterway, which includes 57 locks, 17 lift bridges, numerous dams, reservoirs and water control structures. The Executive Budget includes reappropriations of $6.9 million to fund the Canal System Development Fund. Revenues collected from canal tolls and other user fees are deposited into the Canal System Development Fund and, in accordance with the State Constitution, are used exclusively for the canals.
The Executive Budget also includes appropriations of $279 million related to the State's repayment of funds previously transferred by NYPA to the State.
For more information on this agency's budget recommendations located in the Executive Budget Briefing Book, click on the following link:
Briefing Book – Environment and Energy (PDF)
| Category | Available 2015-16 |
Appropriations Recommended 2016-17 |
Change From 2015-16 |
Reappropriations Recommended 2016-17 |
|---|---|---|---|---|
| State Operations | 300,000,000 | 279,000,000 | (21,000,000) | 0 |
| Capital Projects | 0 | 0 | 0 | 6,244,000 |
| Total | 300,000,000 | 279,000,000 | (21,000,000) | 6,244,000 |
Note: Most recent estimates as of 01/13/2016