NYPA Approves Extended Preservation Power Agreement With Alcoa
New York State Power Authority | State of New YorkState · White Plains, NY- Disclosed value
- $30 million minimum capital investment commitment; $145 million if extended for the full 20-year term
- From budget
- Approved
- Oct 30, 2026
- Term
- April 1, 2026 – March 31, 2036
- Renews
- Free account
The 30-second brief
NYPA approved a 10-year Preservation Power agreement with Alcoa for a 240 MW allocation beginning April 1, 2026. The agreement requires at least $30 million in capital investment and provides two potential five-year extensions based on additional investment.
ALCOA holds this contract with New York State Power Authority | State of New York. Its other public contracts on record include work for Chelan PUD and NY-State-Canal Corporation.
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Contract details
- Amount
- $30 million minimum capital investment commitment; $145 million if extended for the full 20-year term
- Document date
- October 30, 2026
- Term
- April 1, 2026 – March 31, 2036
- Renews
- On record
- Vendor
- ALCOA
- Source document
- New York Power Authority Budget Proposed 2027 Budget and 2027-2030 Financial Plan 2026-10-30 (Budget)
ALCOA's other public contracts
More New York State Power Authority | State of New York contracts
Questions about this contract
Who was awarded the government contract by New York State Power Authority | State of New York?
ALCOA was awarded this government contract by New York State Power Authority | State of New York, as recorded on October 30, 2026. The contract value is $30 million minimum capital investment commitment; $145 million if extended for the full 20-year term.
How much is the ALCOA contract with New York State Power Authority | State of New York worth?
The ALCOA contract with New York State Power Authority | State of New York is valued at $30 million minimum capital investment commitment; $145 million if extended for the full 20-year term.
What type of contract is this?
This is a government contract, documented as a budget record.
Where was this contract approved?
This contract appears in New York Power Authority Budget Proposed 2027 Budget and 2027-2030 Financial Plan 2026-10-30 (Budget), dated October 30, 2026 from New York State Power Authority | State of New York. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does ALCOA hold?
ALCOA may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is New York State Power Authority | State of New York currently buying?
Explore New York State Power Authority | State of New York's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.