Press Release|Public Finance

KBRA Assigns AA- Rating to New York Power Authority, NY’s Green Transmission Project Revenue Bonds, Series 2022A; Outlook is Stable

1 Aug 2023   |   New York


KBRA assigns a AA- long-term rating to the New York Power Authority’s Green SFP Transmission Project Revenue Bonds, Series 2022A. The rating reflects the broad (essentially statewide) customer base upon which the Authority can recover 100% of the annual Separately Financed Project (SFP) Transmission Revenue Requirement pursuant to a Federal Energy Regulatory Commission (FERC)-approved formula rate. Further underpinning the rating is the strategic role the SFP Transmission Projects is expected to play in helping New York State achieve the aggressive clean energy goals of its 2019 Climate Leadership and Community Protection Act (CLCPA).

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