NYSERDA Transcript 275th Board Meeting 2026-04-29
NYSERDA approves $65M NYSEG refunding bonds
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Description
The NYSERDA Board approved issuing up to $65 million in refunding bonds on behalf of New York State Electric and Gas Corporation to refinance 2005 Authority bonds. The transaction is expected to generate about $10.7 million in present-value interest savings for NYSEG ratepayers, subject to additional State approvals.
Contract Details
Contract Amount
Not to exceed $65 million
Vendor
NEW YORK STATE ELECTRIC AND GAS CORPORATION
Agency
New York State Energy Research and Development Authority, NY
Contract Type
FINANCIAL_SERVICES
Document Date
April 29, 2026
Contract Term
Over the term of the refunding bonds (exact dates not stated)
Renewal Info
Refunding bonds replace 2005 NYSERDA-issued bonds; no explicit renewal options described.
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APPROVEDIssuing Agency
New York State Energy Research and Development Authority
State
Albany, NY
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