NYPA to begin reviewing LIPA power contracts
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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The New York Power Authority is preparing to take a comprehensive look at the Long Island Power Authority's portfolio of power contracts in an effort to cut costs and improve terms, according to a state source with knowledge of the deal.
The aim, according to one of the sources, is to exhaust all legal means to improve the contracts, some of which have been criticized as costly and unproductive....
