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Home > Company Index > Utilities > Electric Utilities > Power Authority of the State of New York

Power Authority of the State of New York
 PROFILE
Even jaded Manhattanites get a charge out of the Power Authority of the State of New York, which generates and transmits about 25% of New York's electricity. The US's largest nonfederal public power provider, the New York Power Authority operates 10 generating facilities and sells power to government agencies, utilities, companies, and neighboring states. Customers include some of the biggest electricity users in the US, including the New York City government. The New York Power Authority receives no state money or tax credits; it finances projects through bond sales. The utility is emphasizing low costs and customer service in preparation for its shift from a regulated monopoly to a competitor in an open market.

 COMPETITION
Consolidated Edison, Inc. (ED)
Energy East Corporation (EAS)
KeySpan Corporation (KSE)

 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 2,034.00
1-Yr. Sales Growth: 39.5%
Employees: 1,531
Revenue per employee: $1,328,543.44

 KEY PEOPLE
• Joseph J. Seymour
    CEO
• Michael H. Urbach
    CFO

 CONTACT INFO
123 Main St.
White Plains, NY 10601
US
Phone: 914-681-6200
Fax: 212-468-6360
Online: Web Site

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