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Timothy S. Carey Elected N.Y. Power Authority President and Chief Executive Officer

Michael Saltzman

January 31, 2006


UTICA—The New York Power Authority (NYPA) Trustees Tuesday elected Timothy S. Carey president and chief executive officer of the Power Authority, the largest nonfederal public power organization in the country with 18 power plants and more than 1,400-circuit-miles of high-voltage transmission lines.

“The New York Power Authority has made major strides under Governor Pataki’s leadership toward clean, reliable and economical electricity for New York State,” said Carey. “I look forward to continuing to work closely with the Power Authority’s chairman, Joseph Seymour, its other board members and its senior management, in spearheading efforts in this direction, including energy efficiency and new clean generating technologies, as we take on some of New York’s most significant energy challenges.”

Carey became the Power Authority’s chief operating officer in September 2005, after serving as president and chief executive officer of the Hugh L. Carey Battery Park City Authority (BPCA), from May 1999 to September 2005. He led the 92-acre waterfront community’s recovery after the 9/11 attacks on the World Trade Towers located directly across the street. In addition, he oversaw the Battery Park’s environmentally-balanced development, including the nation’s first sustainable “green” residential high-rise building.

The NYPA trustees’ selection of Carey as president and chief executive officer stems from the retirement of Eugene W. Zeltmann after more than eight years as the Power Authority’s president, along with serving as CEO since April 2002.

A lifelong resident of Westchester County, Carey had been a NYPA trustee for five years before being named the statewide public power utility’s chief operating officer. He had also served on the board of the New York State Energy Research and Development Authority.

During Carey’s time as a NYPA board member, the Power Authority obtained a new 50-year federal license for its St. Lawrence-Franklin D. Roosevelt Power Project and applied for a new license for its Niagara Power Project; placed in service six small clean power plants in New York City and one on Long Island; completed a pioneering transmission-control device near Utica that provides a major boost to the state’s electric power system; and provided lower-cost power to hundreds of employers in support of more than 400,000 jobs across the state.

NYPA also stepped up its investment in energy efficiency—lighting, heating, ventilation and air-conditioning upgrades, among other energy-cutting measures—and new clean generating technologies such as fuel cells and solar installations. Combined, those energy services have resulted in savings to statewide public facilities of over $92 million a year, reduction in peak electricity use of about 193 megawatts (mw) and lowering of annual greenhouse gas emissions of nearly 730,000 tons.

“The Power Authority continues to be aggressive in carrying out Governor Pataki’s vision for reducing dependence on imported oil through use of cutting-edge technologies that also extend to the transportation sector,” Carey said. “We, in fact, are the leading utility in the Northeast in deploying electric-drive vehicles, and will press ahead in introducing them to our customers and other public entities, recognizing their value for energy security and clean air.”

Carey noted that NYPA’s varied energy services are in addition to the fundamental role it plays for the generation and transmission of electricity. In December, it placed into commercial operation its latest power plant, a 500-mw natural gas-fueled facility in Queens that is among the cleanest, most efficient sources of electricity in New York City.

Previous to heading the Battery Park City Authority, Carey served as chairman and executive director of the New York State Consumer Protection Board and as director of Legislative and Intergovernmental Affairs for Governor Pataki. He began his public service in 1984, when he was elected to the first of five consecutive terms on the Westchester County Board of Legislators.

Carey currently serves as chairman of the Westchester Community College Board of Trustees.

He is also Commander of the American Legion Parker-Bale Post 1597 in Ossining, N.Y.

In 1991, the first President Bush appointed Carey to the Welfare Simplification and Coordination Advisory Committee, which authored a report entitled “Time for a Change: Remaking the Nation’s Welfare System,” published in 1993.

Carey and his wife Alida reside in the Town of Cortlandt.


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