The New York Power Authority has officially brought prepay electricity bonds to the state for the first time -- unlocking 10% savings for customers on renewable power purchase agreements.
The $944 million bond deal was two years in the making, NYPA noted.
“This important initiative is set to deliver a significant cost savings for our NYPA energy customers, showcasing our commitment to financial efficiency and exceptional customer value,” said Justin Driscoll, President and CEO of the New York Power Authority.
