NEWS

Statement by the New York Power Authority Trustees: State Senate Confirmationof Gil Quiniones as NYPA Presidentand CEO

Contact :
Michael Saltzman
(914) 390-8181
michael.saltzman@nypa.gov


January 9, 2012

FOR IMMEDIATE RELEASE

The New York State Senate’s confirmation today of Gil C. Quiniones as president and chief executive officer of the New York Power Authority (NYPA) is good news for the people of our state and provides the Authority with an experienced and uniquely qualified leader as we support Governor Cuomo’s vision for bolstering the state’s electric power infrastructure, spurring economic development and enhancing energy efficiency and clean energy supplies.

The Senate action affirms both our election last November of Mr. Quiniones as NYPA’s president and CEO and the Governor’s earlier recommendation that he be named to that vital position.  We are confident it will mark the beginning of a bright new era in NYPA’s distinguished history of service to the state. 

Mr. Quiniones, an electric utility veteran of two-and-half decades, has served as NYPA’s acting president and CEO since September of last year and before that as its chief operating officer since June 2008.  He has amply demonstrated his ability to lead the Power Authority at this critical time for maximizing the enormous value that NYPA brings to the state. This includes the responsible stewardship of more than $3 billion of generation and transmission assets and the underpinning of key businesses throughout the state from lower cost power allocations linked to private-sector capital investments and job commitments. 

The NYPA Board of Trustees, which is charged with overseeing the Power Authority’s executive management, looks forward to Mr. Quiniones’ continued leadership as we undertake a number of vital initiatives in 2012.  Among them are the development of a plan for the life extension and modernization of Authority transmission facilities; implementation of the Governor’s ReCharge New York Power Program for providing businesses and other enterprises around the state with long-term certainty of lower cost power in return for protecting and creating jobs; and expanded investments in energy efficiency and clean energy initiatives.

The Power Authority is poised to meet these and other challenges with Mr. Quiniones at the helm as president and CEO.             

Chairman Michael J. Townsend
Vice Chairman Jonathan F. Foster
Trustee D. Patrick Curley
Trustee John S. Dyson
Trustee R. Wayne LeChase
Trustee Mark O’Luck
Trustee Eugene L. Nicandri

See link below for announcement by Governor Cuomo of State Senate’s confirmation of Mr. Quiniones as NYPA president and CEO, as well as other related links.

http://www.governor.ny.gov/press/192011Confirmations

http://www.nypa.gov/Press/2011/111115b.html

http://www.governor.ny.gov/press/10312011Appointments


About NYPA:

■The New York Power Authority 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. ■NYPA is a leader in promoting energy efficiency, new energy technologies and electric transportation initiatives.■It is the nation's largest state public power organization, with 17 generating facilities in various parts of New York State and more than 1,400 circuit-miles of transmission lines. ■Approximately 80 percent of the electricity it produces is clean renewable hydropower. Its lower-cost power production and electricity purchases support hundreds of thousands of jobs throughout the state.■For more information, www.nypa.gov


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