WHITE PLAINS, NY, Aug. 25, 2008 -- 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.
■ For more information, visit www.nypa.gov.
Contact:
Connie M. Cullen
914-390-8196
