We still bangin', we never lost power, tell em
Welcome to New York City, welcome to New York City

from Cam'ron (Ft. Jay Z & Juelz Santana) – Welcome to New York City Lyrics on Rap Genius

Meaning

Not entirely true: the East Coast actually suffered a major blackout in 2003. But as of 2002, that was still in the future.

But “power” is just metaphorical here: Juelz is stating that NYC, the birthplace of hip-hop, has not lost its centrality in the rap world, despite challenges from the West, Midwest, and South. This is a slightly defensive line from Juelz, at a time when the NY “jiggy” era was coming to an end, and commercial supremacy was moving to St. Louis (Nelly) and Atlanta (Ludacris).

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