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Power Authority, New York

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Agency Web Site: https://www.nypa.gov/Link to External Website

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

NYPA, through its subsidiary, the Canal Corporation, will continue to 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, used exclusively for the canals.

The Executive Budget also includes appropriations of $172 million related to the State's repayment of funds previously transferred by NYPA to the State, and a $64.5 million reappropriation supporting NYPA’s on-going efforts to develop and complete the Erie Canalway segment of the Empire State Trail.

For more information on this agency's budget recommendations located in the Executive Budget Briefing Book, click on the following link:

ALL FUNDS
APPROPRIATIONS
(dollars)
Category Available
FY 2019
Appropriations
Recommended
FY 2020
Change From
FY 2019
Reappropriations
Recommended
FY 2020
State Operations 215,000,000 172,000,000 (43,000,000) 0
Capital Projects 0 0 0 68,745,000
Total 215,000,000 172,000,000 (43,000,000) 68,745,000

STATE OPERATIONS
ALL FUNDS FINANCIAL REQUIREMENTS BY FUND TYPE
APPROPRIATIONS
(dollars)
Fund Type Available
FY 2019
Recommended
FY 2020
Change
General Fund 215,000,000 172,000,000 (43,000,000)
Total 215,000,000 172,000,000 (43,000,000)

STATE OPERATIONS
ALL FUNDS FINANCIAL REQUIREMENTS BY PROGRAM
APPROPRIATIONS
(dollars)
Program Available
FY 2019
Recommended
FY 2020
Change
New York Power Authority Asset Transfer Program
General Fund 215,000,000 172,000,000 (43,000,000)
Total 215,000,000 172,000,000 (43,000,000)

STATE OPERATIONS - GENERAL FUND
SUMMARY OF NONPERSONAL SERVICE AND MAINTENANCE UNDISTRIBUTED
APPROPRIATIONS AND CHANGES
FY 2020 RECOMMENDED
(dollars)
Program Total
Amount Change
New York Power Authority Asset Transfer Program 172,000,000 (43,000,000)
Total 172,000,000 (43,000,000)
STATE OPERATIONS - GENERAL FUND
SUMMARY OF NONPERSONAL SERVICE AND MAINTENANCE UNDISTRIBUTED
APPROPRIATIONS AND CHANGES
FY 2020 RECOMMENDED CONTINUED
(dollars)
Program Maintenance Undistributed
Amount Change
New York Power Authority Asset Transfer Program 172,000,000 (43,000,000)
Total 172,000,000 (43,000,000)

CAPITAL PROJECTS
ALL FUNDS FINANCIAL REQUIREMENTS BY PROGRAM
APPROPRIATIONS
(dollars)
Comprehensive Construction Program Available
FY 2019
Recommended
FY 2020
Change Reappropriations
FY 2020
Canal Development
New York State Canal System Development Fund 0 0 0 4,245,000
Empire State Trail
Capital Projects Fund - Authority Bonds 0 0 0 64,500,000
Total 0 0 0 68,745,000

Note: Most recent estimates as of 1/15/2019

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