KBRA Releases Report Upgrading Power Authority of the State of New York's (NYPA) Transmission Project Revenue Bonds

On September 27, 2024, KBRA upgraded the long-term rating of NYPA's Green Transmission Project Revenue Bonds to AA, from AA-, with a Stable Outlook.

The rating upgrade reflects NYPA's successful completion of its initial separately financed transmission projects on-time and within budget, the broad, statewide ratepayer base, and the established and comprehensive cost recovery of the annual Separately Financed Project (SFP) Transmission Revenue Requirement pursuant to a Federal Energy Regulatory Commission (FERC) approved formula rate.

To access rating and relevant documents, click here.

Click here to view the report.