The New York Power Authority trustees elected Robert F. Lurie to serve as NYPA's executive vice president and chief financial officer Thursday. He will be responsible for overseeing the financial operations of the statewide public power utility, which owns and operates 16 power plants and more than 1,400 circuit-miles of transmission lines.
Lurie's duties will include forecasting and budgeting, financial planning and controls, managing investment programs and debt, and leading the enterprise risk and physical asset insurance-risk management activities. In addition, he will also oversee NYPA's strategic planning, treasury and controller functions.
Lurie has nearly 30 years of experience in the utility industry, government and investment banking. His varied career in the public and private sectors has included serving as the director of public finance for the state of New Jersey, overseeing the financial activities of multiple state authorities; treasurer of NUI Corp., a gas utility in New Jersey; and as chief of strategic planning at the Port Authority of New York and New Jersey from 2003-07, where he developed a 10-year, multibillion dollar strategic capital plan.
Lurie joined the Power Authority in 2012 as senior vice president for strategic planning and led a management team effort in creating NYPA's new strategic plan, "Strategic Vision 2014-2019," issued in March.
For further information on Lurie's new position and background, visit http://www.nypa.gov/about/officers/lurie.html.