The New York Power Authority (NYPA) has promoted Genevieve Fabela to treasurer. In her new role she will be responsible for raising capital for NYPA's generation, transmission, and energy services businesses; managing cash and investments; and managing NYPA's relationships with the financial community. She will also lead the Power Authority's efforts to develop new financial products that will enable NYPA to finance large-scale renewable energy and energy efficiency projects in New York State on behalf of NYPA customers.
Genevieve has performed superbly in her role heading the project finance area and I am very pleased that her responsibilities will be expanding as NYPA's new treasurer," said Robert Lurie, NYPA CFO.
Fabela joined NYPA in 2016 as manager of Corporate Finance. She has an extensive background in project finance, strategic investments, credit analysis and capital markets from her time spent at private equity firms and at a European utility. She has earned a Masters in Finance from London Business School, an MBA at the University of Southern California and a Masters in Engineering from Purdue University.
NYPA is the nation's largest state public power organization, through the operation of its 16 generating facilities and more than 1,400 circuit-miles of transmission lines. NYPA uses no tax money or state credit. It finances its operations through the sale of bonds and revenues earned in large part through sales of electricity. More than 70 percent of the electricity NYPA produces is clean renewable hydropower. For more information visit www.nypa.gov and follow us on Twitter @NYPAenergy, Facebook, Instagram, Tumblr, and LinkedIn.