Major Decisions Facing LIPA Over Next Several Years

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Over the next several years, the Long Island Power Authority (LIPA) will be faced with major decisions regarding whether:

• to continue with its current ownership and operational structure, which has been in place since it acquired the Long Island Lighting Company (LILCO) in 1998, in which LIPA owns the electric transmission and distribution system on Long Island and is responsible for serving its approximately 1 million electric customers, and contracts with private companies to provide day to-day operation, maintenance, construction and customer services (Operations Services);

• if it continues with its current structure, to select its current manager, National Grid, or one of the other two companies that LIPA has determined to be technically qualified, to provide Operations Services;

• to extend LIPA’s current Power Supply Agreement with National Grid, which expires in May 2013, under which LIPA acquires all of the capacity, and to the extent LIPA requests, the energy from National Grid’s approximately 3700 megawatts (MW) of on-Island generation currently covered by the agreement, or instead to purchase capacity and energy only from National Grid’s units which provide needed or cost-effective energy...

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Ruskin Moscou Faltischek | Attorney Advertising

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