NEWS
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Statement by NYPA Acting Chief Operating Officer Gil C. Quiniones Related to Amended Entergy Value Sharing Agreements Contact: August 25, 2008 FOR IMMEDIATE RELEASE After productive negotiations, Entergy and NYPA have agreed that any payments due NYPA under the amended value-sharing agreements will continue despite the proposed reorganization currently before the New York State Public Service Commission. This agreement takes effect when that reorganization closes. About NYPA: ■ 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. ■ NYPA is a leader in promoting energy-efficiency, new energy technologies and electric transportation initiatives. ■ It is the nation’s largest state-owned electric utility, with 18 generating facilities in various parts of the state and more than 1,400 circuit-miles of transmission lines. |
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