NYPA Releases Draft Strategic Plan for New Renewable Energy Generation for Public Comment

NYPA Releases Draft Strategic Plan for New Renewable Energy Generation for Public Comment

For Immediate Release:10/08/24

Contact: Media Inquiries | [email protected]| (518) 860-9935

NYPA Releases Draft Strategic Plan for New Renewable Energy Generation for

Public Comment

Inaugural Renewables Strategic Plan Outlines First Tranche of Projects and Work

Completed in First 18 Months of New Expanded Authority

Plan Stems From 2023-24 State Budget Enactment for Expanding NYPA's

Renewable Power Role

60-Day Public Comment Period Includes Six Public Hearings with

A.M. and P.M. Sessions Scheduled to Solicit Community Input

WHITE PLAINS-The New York Power Authority (NYPA) released a draft Strategic Plan for expanding renewable energy resources in New York State to advance Governor Kathy Hochul's nation-leading climate and renewable energy goals. The release of the draft plan kicks off a 60-day public comment period, during which NYPA will host five in-person public hearings across the state and one virtual public hearing with morning and evening sessions to gain input from interested stakeholders, including community members and elected officials. The Power Authority will consider and incorporate feedback received through the stakeholder engagement process in finalizing the Strategic Plan. The final strategic plan and all projects will be presented to the NYPA Board of Trustees for approval. NYPA will publish the final plan on its website and submit it to the Governor and the Legislature by January 31, 2025.

"The draft Renewables Strategic Plan outlines the innovative framework the Power Authority has taken to fulfilling its expanded role in the development of the state's renewable power resources," said Justin E. Driscoll, NYPA president and CEO. "NYPA is committed to the ongoing development of the Strategic Plan and expansion of its renewable portfolio following due diligence on the proposed projects. We look forward to the public comment period and to submitting a final Strategic Plan that supports Governor Hochul's vision."

In the time since Governor Kathy Hochul approved NYPA's expanded authority on May 3, 2023, NYPA has made major progress toward the development of new renewables. This progress includes establishing the business structures, filling key personnel roles, making regulatory filings, obtaining tax rulings, approving formation of a renewables subsidiary, a $100 million bond issuance for new renewables, and garnering other necessary resources to advance the first tranche of projects, all while continuing the existing work of the Power Authority.

NYPA has identified 40 renewable projects in every region of the state, representing a total capacity of 3.5 GW. Further examination of the proposed projects, including their economics, community impacts and real-estate considerations, will determine their viability in the build out of the renewable portfolio. The proposed projects in the draft plan are located across the state and represent a variety of technologies, as shown on this map:

The NYPA Renewables Strategic Plan will be enhanced by the upcoming public hearings and public comment period. As called for by NYPA's expanded authority, public comments on this draft plan will be accepted for at least 60 days.

The draft Strategic Plan is now open for public comment via NYPA's website, and NYPA is seeking input through six scheduled public hearings. These hearings aim to gather community feedback and ensure transparency in the decision-making process. NYPA will hold the following public hearings:

• Thursday, November 7, 10 a.m.-12 p.m., 6-8 p.m. - Niagara Power Vista, Niagara
• Thursday, November 14, 10 a.m.-12 p.m., 6-8 p.m. - Holiday Inn Downtown, Binghamton
• Monday, November 18, 10 a.m.-12 p.m., 6-8 p.m. - Albany Capital Center, Albany
• Wednesday, November 20, 10 a.m.-12 p.m., 6-8 p.m. - John Jay College, New York City
• Thursday, November 21, 10 a.m.-12 p.m., 6-8 p.m. - Virtual Hearing
• Monday, November 25, 1-3 p.m., 6-8 p.m. - Suffolk Community College, Brentwood

For more information, including the draft plan and how to provide comments, please visit our website.

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About NYPA

NYPA is the largest state public power organization in the nation, operating 17 generating facilities and more than 1,550 circuit-miles of transmission lines. More than 80 percent of the electricity NYPA produces is clean renewable hydropower. NYPA finances its operations through the sale of bonds and revenues earned in large part through sales of electricity. For more information visit www.nypa.govand follow us on Twitter, Facebook, Instagram, Tumblrand LinkedIn.

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