NYPA Board of Trustees and Canal Corporation Board of Directors Meeting - October 8, 2024

New York Power Authority Board of Trustees and Canal Corporation
Board of Directors Meeting October 8, 2024
WHITE PLAINS-The New York Power Authority (NYPA) Board of Trustees and the Canal Corporation Board of Directors will hold a meeting at NYPA’s White Plains Administrative Office building, located at:
123 Main Street, in the 16th floor boardroom, on Tuesday, October 8 at 9:00AM
The proposed Agenda for the meeting follows:
1. Adoption of the October 8, 2024 Proposed Meeting Agenda
2. DISCUSSION AGENDA:
a. Strategic Initiatives
i. President and Chief Executive Officer’s Report -- (Justin E. Driscoll)
1. Draft New York Power Authority Renewables Strategic Plan (Justin E.
Driscoll)
ii. Introduction to VISION2030 Renewed (Yves Noel)
b. Financial Operations
i. Chief Financial Officer’s Report -- (Adam Barsky)
c. Utility Operations
i. Chief Operating Officer’s Report -- (Joseph Kessler)
1. Canal Revitalization (David Mellen and Rebecca Hughes)
2. Vessel Naming in Honor of Thomas X. Grasso - Resolution (David Mellen)
d. Risk and Resiliency
i. Chief Risk and Resiliency Officer’s Report -- (Alexis Harley)
e. Finance Committee Report -- (Chair Koelmel)
i. Finance Committee Recommendations for Approval:
1. Release of Funds in Support of the New York State Canal Corporation for Q4
2024 - Resolution (Adam Barsky)
2. Approval for NYPA to Make Certain Assignments and Enter into Prepay
Agreements on Behalf of Certain Customers - Resolution (Adam Barsky)
3. Approve Incorporation of New York Renewable Energy Development
Holdings Corporation and Related Matters - Resolution (Adam Barsky)
4. White Plains Office Building Facilities - Authorization to Execute a
Development Agreement and to Fund Initial Capital Expenditures -
Resolution (Lori Alesio)
5. Workforce Development Funding - Authorization to Allocate Funds and
Request for Additional Funding -- Resolution (Lori Alesio)
6. On-Call Engineering Services for Power Generation, Transmission and
Ancillary Facilities - Contract Award - Resolution (Frank Ronci)
7. Statewide Canal Structural Inspection Support Services - Contract Award -
Resolution (David Mellen)
8. IBM Maximo Application Suite (MAS) Migration and Software Optimization
Contract Award and Capital Expenditure Authorization - Resolution (Ricardo
DaSilva)
f. Risk and Resiliency Committee Report -- (Chair Morris)
3. CONSENT AGENDA:
a. Finance
i. Adjustment to Westchester County Governmental Customer Cost of Service and
Rates - Notice of Proposed Rulemaking - Resolution (Egle Travis)
b. Customer Solutions
i. Replacement Power Allocations -- Resolution (Maribel Cruz-Brown)
ii. Annual Compliance Review - Expansion Power, Replacement Power, and
Preservation Power Hydropower Programs -- Resolution (Maribel Cruz-Brown)
iii. Recommendation for Award of Fund Benefits from the Western New York
Economic Development Fund by the Western New York Power Proceeds
Allocation Board -- Resolution (Maribel Cruz-Brown)
iv. Transfer of RNY & Expansion Power Allocations -- Resolution (Maribel CruzBrown)
v. High Load Factor Power Allocation -- Resolution (Maribel Cruz-Brown)
vi. Extension of the Industrial Incentive Award to Pratt Paper (NY), Inc. and
Economic Development Plan -- Resolution (Maribel Cruz-Brown)
vii. Contract for the Sale of Hydropower - Final Approval and Transmittal to the
Governor -- Resolution (Maribel Cruz-Brown)
viii. Extension of Hydropower Contracts with Upstate Investor-Owned Utilities for the
Benefit of Rural and Domestic Consumers - Final Approval and Transmittal to the
Governor -- Resolution (Maribel Cruz-Brown)
c. Procurement (Services) Contracts
i. Procurement (Services) and Other Contracts - Business Units and Facilities -
Awards, Extensions, and/or Additional Funding -- Resolution (John Canale)
d. Governance Matters
i. Appointment of Senior Vice President - Internal Audit - Resolution (Chair
Trainor)
ii. Proposed 2025 Schedule of Meetings - Resolution (Karen Delince)
iii. Approval of the Minutes:
1. Minutes of the Joint Meeting of the New York Power Authority’s Board of
Trustees and Canal Corporation’s Board of Directors held on July 30, 2024.
2. Minutes of the Special Joint Meeting of the New York Power Authority’s
Board of Trustees and Canal Corporation’s Board of Directors held on
September 17, 2024.
4. NEXT MEETING