# New York Power Authority

New York Power Authority is an other based in New York, United States.

## Overview

- **Organization type:** other
- **Headquarters:** New York, United States
- **Region:** North America
- **Address:** New York, NY, United States
- **Founded:** 1931
- **Assets under management:** Undisclosed
- **Website:** www.nypa.gov
- **LinkedIn:** https://www.linkedin.com/company/new-york-power-authority

## Regulatory record

- **Reports private funds:** No

## About

The New York Power Authority operates generating facilities and transmission lines, providing hydropower and other energy services. Its services include facility electrification, energy efficiency programs, decarbonization initiatives, and electric vehicle infrastructure development. The company was founded in 1931 and is based in White Plains, New York.

## Sectors

- Infrastructure
- Energy Transition & Renewables

## People

- Justin E. Driscoll — President and Chief Executive Officer
- Robert J. Lurtsema — Chief Financial Officer

## Questions

### What is the New York Power Authority's investment mandate?

NYPA does not operate as a family office or asset manager. Its capital is deployed exclusively into electricity generation, transmission, and energy-efficiency infrastructure within New York State. All assets are utility-related — it owns no private equity, hedge fund, or marketable securities beyond operational cash (per NYPA's enabling legislation).

### What are NYPA's renewable energy goals?

NYPA targets a zero-emissions electric grid by 2040, with an interim goal of 70% carbon-free electricity by 2030. This includes 3,000 MW of new renewable generation and 1,500 MW of energy storage by 2035 (per VISION2030 plan, June 2025).

### Who governs NYPA?

A seven-member board of trustees appointed by the governor of New York, with the advice and consent of the state Senate. The board sets policy and approves major capital plans. Justin E. Driscoll serves as president and CEO under this board.

### What is NYPA's role in New York State's energy transition?

NYPA is the state's primary execution arm for large-scale renewable generation and transmission. It operates 16 power plants and is developing utility-scale solar, wind, and battery storage. The Smart Path transmission project alone involves rebuilding 86 miles of transmission lines to enable more renewable energy delivery.

### Does NYPA have any private-sector partnerships?

Yes, NYPA regularly partners with private developers through power purchase agreements and joint development agreements for large-scale renewable projects. Notable partners include Invenergy and EDF Renewables for wind and solar projects. These are contractual, not equity-based.

### Is NYPA involved in cryptocurrency mining or AI data center investments?

No. NYPA's enabling statutes restrict its investments to electricity generation, transmission, and end-use efficiency. It does not invest in cryptocurrency mining operations or data centers, though it supplies power to such facilities as a utility.

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Last updated: 2026-06-03T20:00:00.000Z

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