Thanks for the answer rbugalho!
Arria II is actually 0.9V. I expected that to help the power consumption. Below is the summary for both. As expected, the dynamic power is greater on the Cy IV. I was surprised though that Arria II uses a lot more power for I/O.
Arria II:
Total Thermal Power Dissipation: 2346
Core Dynamic Thermal Power Dissipation: 770
Core Static Thermal Power Dissipation: 887
I/O Thermal Power Dissipation: 688
Cy IV:
Total Thermal Power Dissipation: 1894
Core Dynamic Thermal Power Dissipation: 1263
Core Static Thermal Power Dissipation: 448
I/O Thermal Power Dissipation: 183