Study of LIPA structure could take 'months'
Photo credit: Newsday / Audrey C. Tiernan | NYPA has formed a small team of experts in the fields of power resource planning, acquisition, finance and legal work to conduct the review of LIPA. This phase of the plan, working with LIPA's power markets group, will review LIPA's portfolio of power purchase agreements. (Aug. 29, 2011)
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New York Power Authority officials said Wednesday that it could be "months" before investment banking firm Lazard Ltd. completes a report on future structures for LIPA.
The revelation at a State Senate committee hearing in Albany surprised some who have been closely following the analysis of the Long Island Power Authority, which state officials said began in earnest following superstorm Sandy.
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