TITLE

Bear Stearns, Hawkins Pegged to Help Map Out LIPA's Long-Term Strategy

AUTHOR(S)
McDonald, Michael
PUB. DATE
September 2004
SOURCE
Bond Buyer;9/10/2004, Vol. 349 Issue 31966, p4
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article reports that New York's Long Island Power Authority (LIPA) has retained a group of consultants including Bear, Stearns &' Co. Inc. and Hawkins, Delafield & Wood to help it study long-term strategic business decisions that could have a significant impact on the authority's $5.6 billion in debt. The study, the authority said, should be completed by the end of this year and is being done to address the expiration of contracts with KeySpan Corp. LIPA was created in 1998 after the state took over the transmission and distribution system of the Long Island Lighting Co., which retained power plants on Long Island and a natural gas network and merged with Brooklyn Union Gas to form KeySpan.
ACCESSION #
14387374

 

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