Statement By NYPA Chairman John R. Koelmel and President and CEO Gil C. Quiniones on Kathy Hochul Becoming New York’s New Governor

For Immediate Release: 08/24/21

The New York Power Authority and the Canal Corporation congratulate Kathy Hochul on becoming New York State’s 57^th and first female Governor. Governor Hochul, a friend of NYPA and Canals, knows our values, mission and strategy, cares deeply about public power, and has provided tremendous support for our long-term electric grid, energy efficiency, economic development, electric vehicles, and “Reimagine the Canals” initiatives. We look forward to serving in her administration as she brings people together and works to continue to transform this state in countless ways.

About NYPA

NYPA is the largest state public power organization in the nation, operating 16 generating facilities and more than 1,400 circuit-miles of transmission lines. More than 80% of the electricity NYPA produces is clean renewable hydropower. NYPA uses no tax money or state credit. It finances its operations through the sale of bonds and revenues earned in large part through sales of electricity.