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The company was established in 1931 and is presently regarded as the US' largest state-owned providing the generation and transmission of electricity (New York Power, 2006).
The New York Power Authority has the task of providing low-cost electricity that supports the State's economic progress while also developing clean energy sources. Pricing is created to maximize profit, reduce debt, and to further the development of additional electricity generating facilities. On April 30, 2003, the New York State Power Authority announced a price increase to help pay for approximately $700 million in the life extension and relicensing costs of two of its major hydroelectric plants...
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