Last week, State Comptroller Tom DiNapoli released an audit of the New York Power Authority (NYPA) that was critical of the Power Authority’s spending, and also for not providing enough rate relief to energy customers.
The Comptroller’s audit found that the authority pays 35% of its employees more than $100,000, compared to just 8% of state employees earning that much. It also found that last year NYPA spent almost $400,000 on three staff pilots, an aviation director and a travel director, despite earlier studies that showed using commercial flights would save money.
The audit also noted that the state has “swept” some $1.2 billion from NYPA’s coffers over the last decade, including $90 million last year.
“The state regularly relies on NYPA for budget relief, which could pose future challenges for NYPA’s ability to deliver low-cost power. New Yorkers pay some of the highest electricity rates in the country and need the rate relief that NYPA could provide if it appropriately focused its resources. This report also reviews executive and travel expenses incurred by NYPA.”
We wish we could say that this is “news,” but almost everyone Upstate recognizes that NYPA is just another bloated state bureaucracy – apparently one that maintains its own air force.
We’d love to see NYPA slimmed down – perhaps in the way that the Long Island Power Authority was recently downsized – and the savings passed along to New York’s beleaguered energy ratepayers.