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Power Authority criticized in audit for low-rent leases

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The New York Power Authority has been leasing some properties for less than fair market value, according to an audit released Tuesday by the office of state Comptroller Thomas P. DiNapoli. NYPA is the nation’s largest state public power provider, operating hydroelectric and gas-powered energy plants throughout the state, including the Blenheim-Gilboa Pumped Storage Power Project in Schoharie County. As of 2012, NYPA owned 48,941 acres of property associated with 12 power-generating projects, an administrative ...

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