Richie Kessel, the CEO of the New York Power Authority, stepped down from his post during a meeting of the authority’s trustees today, according to Brian Amaral of the Watertown Daily Times.
Kessel made the announcement at NYPA’s meeting today in White Plains, but his future had been the source of speculation as he’s come under investigation for grants given to organizations during his time at NYPA and the Long Island Power Authority.
NYPA oversees 17 power facilities across the state, and is the largest public power organization in the country. Kessel has served in the CEO post since September 2008.
Gil Quinoes Quiniones, the chief operating officer of NYPA, will take over on an interim basis, according to Amaral’s report. Kessel resignation takes effect the day after Labor Day.
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