NYSERDA Audit and Finance Committee Audit and Finance Committee Meeting
The committee meeting addressed several key operational and financial matters. The discussion included the approval of amendments to the NYSERDA OPEB Trust Investment Policy Statement, focusing on risk reduction and portfolio rebalancing. The committee reviewed and approved the Annual Internal Audit Plan for fiscal year 2026-2027, highlighting priorities like cybersecurity and IT controls. Additionally, the committee recommended approval for the issuance of bonds on behalf of the New York State Electric and Gas Corporation to refund previous bond series, aiming for interest cost savings. Independent auditors from KPMG presented their audit plan for the upcoming fiscal year, noting a focus on efficient audit timelines, and the committee approved the appointment of KPMG as independent auditors for the Authority for the upcoming term.
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New York State Energy Research and Development Authority Board Meeting
The Board meeting included reports on audit and finance, governance, and recent activities. Key discussions focused on OPEB Trust Investment Policy amendments, the internal audit plan for fiscal year 2026-2027, the issuance of refunding bonds for the New York State Electric and Gas Corporation, and revisions to Conflict of Interest policies. The President's report highlighted the impacts of global energy market volatility, progress on renewable energy projects, and updates on the State Budget and energy policy. Additionally, the Board recognized outgoing officers, appointed new leadership, and reviewed the final State Energy Plan, which outlines goals for a resilient, affordable, and decarbonized energy system.
Jan 26, 2026·Board meeting
NYSERDA Audit and Finance Committee Audit and Finance Committee Meeting
The committee meeting covered the recommendation to approve the issuance of green revenue bonds to finance the Green Jobs-Green New York program, aimed at supporting energy efficiency and clean energy loans. Additionally, the committee reviewed and recommended updates to the Internal Control Manual, which includes revisions to the organization's vision, mission, and promises, as well as strengthened references to cybersecurity threats and legislative monitoring. The committee also convened an executive session to discuss information technology and cybersecurity controls.
