LIPA's $950M Deal Shines in Thin Week
- LIPA Conduit to Sell $1B. Coen, Andrew // Bond Buyer;10/13/2015, Vol. 1 Issue 34392, p1
The Long Island Power Authority is slated to sell $1 billion in restructuring bonds through its Utility Debt Securitization Authority (UDSA) in mid-October aimed at lowering costs of the utility's nearly $8 billion outstanding debt.
- Talk about a power surge: LIPA made 1998 an 'anomaly'. Figler, Andrea // Bond Buyer;02/16/99, Vol. 327 Issue 30579, p19
Talks about the Long Island Power Authority's debt issue in 1998. Take over of the Long Island Lighting Co.; Increase of the annual dollar amount of electric utility bonds sold in 1998; Upset of the trend of refunding debt.
- LIPA Looks for FAs. Whalen, Robert // Bond Buyer;3/21/2005, Vol. 351 Issue 32094, p29
Reports that the Long Island Power Authority (LIPA) in New York is looking for firms with experience in providing financial advisory services to entities in the electric utility industry. Statement of LIPA chief financial officer Elizabeth McCarthy regarding the contract of the new adviser;...
- LIPA appoints advisory council. // Long Island Business News (7/1993 to 5/2009);12/26/2008, Vol. 55 Issue 63, p10A
The article reports on the effort of Long Island Power Authority in New York in creating an advisory panel to examine the power company's finances, legal structure and business model. The panel includes elected officials, energy experts and business and financial leaders. The power authority...
- LIPA gets sweet deal for its trouble. Cantor, Martin // Long Island Business News (7/1993 to 5/2009);02/26/99, Vol. 46 Issue 9, p35A
Discusses the plan of Long Island Power Authority (LIPA) to impose rate increases for Suffolk County, New York electric ratepayers to repay LIPA for the court ordered return of property taxes resulting from years of over assessments of LILCO property. Inclusion of the return of overassessed...
- NEW YORK: S&P Negative on LIPA. Slavin, Robert // Bond Buyer;7/8/2013, Vol. 385 Issue 33940, p9
The article offers information on the A-minus rating given to the non-profit municipal electric provider Long Island Power Authority by the credit-rating agency Standard & Poor's Corp. due to the inability of the company to freeze rates for utility as per the New York State's policy on utility.
- Letter to the Editor: LIPA Doesn't Bond for Operating Expenses. // Bond Buyer;9/19/2014, Vol. 1 Issue F336, p1
The chief financial officer of the Long Island Power Authority, responding to a Bond Buyer article, says the authority's upcoming financings involve refinancing debt for purposes that don't count as operating expenses under generally accepted accounting principles.
- $1B LIPA Deal Draws Muni Market Attention. Barnett, Chip; Weitzman, Aaron // Bondbuyer.com;10/14/2015, p1
Traders' eyes on Wednesday will be riveted on the largest deal of the week - a $1 billion restructuring bond sale coming from the Long Island Power Authority.
- LIPA is meeting its requirements. Kessel, Richard M. // Long Island Business News (7/1993 to 5/2009);1/23/2004, Vol. 51 Issue 4, p10A
Focuses on the way the Long Island Power Authority (LIPA) meets its state-legislated mandates. Impetus behind the creation of LIPA by the state; Acquisition of the Shoreham nuclear power plant by LIPA; Accomplishment of the strategic imperatives by LIPA.