How can HVPA survive without profits?

Unlike Central Hudson that must make profits to lure shareholders and to maintain its financial integrity so that it can continuously borrow money, being a state corporation with no profit motive means the Hudson Valley Power Authority can charge customers just the cost of running the operation. Being state-owned also means its financial integrity will be more stable, allowing it to borrow money more easily. The New York Power Authority is an example of a state corporation that maintains high bond ratings. Good financial health means continued access to lower interest rates that result in savings for the ratepayers.