Jan 28, 2025Board meeting
New York Power Authority Joint Risk and Resiliency Committee Agenda
The committee discussed year-end enterprise risk summaries, emerging risk updates, the 2025 hedge strategy, and a cyber security update. The enterprise risk assessments have been completed and measured against the revised risk appetite. The 2024 year-end risk snapshot has remained relatively stable, with a slight increase in likelihood for sustained margin reduction due to drought conditions. Emerging hedging and cyber security risk programs are helping to take proactive steps.