Power Authority of the State of New York · White Plains, NY United States
Company Description
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This link will open in a new window Question authority? Well, without question, authority for power lies in the Power Authority of the State of New York (commonly referred to as the New York Power Authority, or NYPA). The company generates and transmits more than 20% of New York's electricity, making it the largest state-owned public power provider in the US. It is also New York's only statewide electricity supplier. NYPA owns hydroelectric and fossil-fueled generating facilities (18 in total) that produce about 5,700 MW of electricity, and it operates more than 1,400 circuit-miles of transmission lines. To read the full description, subscribe now.
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Key Power Authority of the State of New York Financials
| Company Type | Government-owned Headquarters |
| Fiscal Year-End | December |
| 2007 Sales (mil.) | $2,906.0 |
| 2007 Employees | 1,600 |
Power Authority of the State of New York Executives
20 executives listed for Power Authority of the State of New York's White Plains, NY location.
| Title | Name & Bio | Contact |
| Chairman | Michael Townsend | Network |
| Vice Chairman | Jonathan Foster | Network |
| President and CEO | Richard Kessel | Network |
Competition
Competitive Landscape for Power Authority of the State of New York
Demand for electricity is driven by industrial and commercial activity and by population growth. The profitability of individual companies depends on the efficiency of their operations. Large companies have economies of scale in purchasing power; small companies can compete effectively by specializing in geographic regions. The industry is capital-intensive: average annual revenue per worker is about $2 million. The traditional electricity industry consisted of investor-owned utilities, municipal utilities, cooperatives, and government entities that owned the generation, transmission, and retail distribution facilities within a limited area and served all customers within that area as tightly regulated "natural monopolies." Though "natural monopolies" still exist, the electric energy industry in the US underwent a restructuring driven by changes in federal and state laws in the 1990s. In restructured, or deregulated, markets, generation, transmission, and distribution operations are carried out by separate companies, and the owners of local distribution lines make their lines available to competitors. The intended purpose of moving toward a less regulated electricity market was to decrease the cost of electricity by fostering competition among producers. One practical effect was the divestment of generation facilities by many investor-owned utilities. Despite the popularity of restructuring activities initially, as of mid-2009 only 14 states had deregulated their electricity industries. Several other states, including California, launched restructuring initiatives before suspending them, in part because of concerns that restructuring caused electricity rates to rise. Many local electricity distributors are still owned by utility holding companies that also own power generation facilities, wholesale transmission lines, and wholesale power trading companies. To read the full description, subscribe now.Top Power Authority of the State of New York Competitors
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