Power Authority, New York

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 Power Authority, through its 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 $4.3 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 recommends making a historic $200 million investment to develop fragmented stretches of the Hudson River Valley Greenway and Erie Canalway trails. Of this amount, $77 million will be provided to NYPA as part of a plan to complete the trail network by 2020. Upon its completion, the Trail will be recognized as the largest multi-use trail network in the nation.

The Executive Budget also includes appropriations of $293 million, of which $258 million is 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)

ALL FUNDS
APPROPRIATIONS
(dollars)
Category	Available FY 2017	Appropriations Recommended FY 2018	Change From FY 2017	Reappropriations Recommended FY 2018
State Operations	279,000,000	293,000,000	14,000,000	0
Capital Projects	0	77,000,000	77,000,000	4,329,000
Total	279,000,000	370,000,000	91,000,000	4,329,000

STATE OPERATIONS
ALL FUNDS FINANCIAL REQUIREMENTS BY FUND TYPE
APPROPRIATIONS
(dollars)
Fund Type	Available FY 2017	Recommended FY 2018	Change
General Fund	279,000,000	293,000,000	14,000,000
Total	279,000,000	293,000,000	14,000,000

STATE OPERATIONS
ALL FUNDS FINANCIAL REQUIREMENTS BY PROGRAM
APPROPRIATIONS
(dollars)
Program	Available FY 2017	Recommended FY 2018	Change
New York Power Authority
General Fund	0	35,000,000	35,000,000
New York Power Authority Asset Transfer Program
General Fund	279,000,000	258,000,000	(21,000,000)
Total	279,000,000	293,000,000	14,000,000

STATE OPERATIONS - GENERAL FUND
SUMMARY OF NONPERSONAL SERVICE AND MAINTENANCE UNDISTRIBUTED
APPROPRIATIONS AND CHANGES
FY 2018 RECOMMENDED
(dollars)
Program	Total		Maintenance Undistributed
Program	Amount	Change	Amount	Change
New York Power Authority Asset Transfer Program	258,000,000	(21,000,000)	258,000,000	(279,000,000)
New York Power Authority	35,000,000	35,000,000	35,000,000	0
Total	293,000,000	14,000,000	293,000,000	(279,000,000)

CAPITAL PROJECTS
ALL FUNDS FINANCIAL REQUIREMENTS BY PROGRAM
APPROPRIATIONS
(dollars)
Comprehensive Construction Program	Available FY 2017	Recommended FY 2018	Change	Reappropriations FY 2018
Empire State Trail
Capital Projects Fund - Authority Bonds	0	77,000,000	77,000,000	0
Canal Development
New York State Canal System Development Fund	0	0	0	4,329,000
Total	0	77,000,000	77,000,000	4,329,000

Note: Most recent estimates as of 1/17/2017

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