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Statement by NYPA Acting Chief Operating Officer Gil C. Quiniones Related to Amended Entergy Value Sharing Agreements

WHITE PLAINS, NY, Aug. 25, 2008 -- After productive negotiations, Entergy and NYPA have agreed that any payments due NYPA under the amended value-sharing agreements will continue despite the proposed reorganization currently before the New York State Public Service Commission. This agreement takes effect when that reorganization closes.

About NYPA:

■ 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.

■ NYPA is a leader in promoting energy efficiency, new energy technologies and electric transportation initiatives.

■ It is the nation's largest state-owned electric utility, with 18 generating facilities in various parts of the state and more than 1,400 circuit-miles of transmission lines.

■ For more information, visit www.nypa.gov.

Contact:

Connie M. Cullen

914-390-8196

connie.cullen@nypa.gov

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