In his January State of the State proposal, Gov. Andrew Cuomo proposed transferring the money-losing Canal Corporation — which doesn't generate significant income and generally loses tens of millions a year — away from the Thruway Authority.
It marks a reversal of a policy instituted by his father that has been unpopular ever since. But Cuomo's plan has scant support in the Legislature.
The New York Power Authority has significant revenues, largely from the sale of hydropower, which makes up the vast majority of the renewable energy that powers the state’s electrical grid. About 2.5 percent of that hydropower, or 154 megawatts, comes from 27 hydropower dams on the canal system, Stratton said.
He said there's room for more."
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