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Powering Long Island

 

Agreements & Contracts

Browse through the Long Island Power Authority's agreements and contracts.

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LIPA/National Grid Proposed 2007 Agreement

In connection with the potential acquisition of KeySpan by National Grid, on March 23, 2007, an Agreement in Principle was reached with National Grid/KeySpan on a series of contract-related issues that will provide significant ratepayer, reliability and repowering or power plant emission reduction benefits to LIPA’s electric customers and to the Long Island region. Read release.

• Agreement and Waiver (PDF)
• Exhibit 1 - Amendment to the Amended and Restated MSA (PDF)
• Exhibit 2 - Fourth Amendment to the Power Supply Agreement (PDF)
• Exhibit 3 - First Amendment to the Option Purchase and Sale Agreement (PDF)
• Exhibit 4 - Second Option Purchase and Sale Agreement (PDF)
• Exhibit 5 - Right of First Refusal Agreement (PDF)
• Exhibit 6 - Omnibus Gas Transportation and Balancing Agreement (PDF)

LIPA/KeySpan 2006 Agreements

On January 26, 2006, the LIPA Board of Trustees approved a set of agreements with KeySpan that extended the Management Services Agreement, set out a new power plant purchase option for LIPA and resolved certain outstanding financial issues. The following documents represent the LIPA/KeySpan Agreements of 2006.

• Amended and Restated Management Services Agreement (PDF)
• Option and Purchase and Sale Agreement (PDF)
• Settlement Agreement and Release (PDF)

LIPA/LILCO  1997 Agreements

Agreement and Plan of Merger (PDF)
BL Holding Corp., Long Island Lighting Company, Long Island Power Authority and LIPA Acquisition Corp, June 26, 1997

• Schedule A: Transferred Assets (PDF)
• Schedule B: Principles & Procedures for Finalizing the Transferred Asset (PDF)
• Schedule C: Transition Work (PDF)
• Schedule D: Tax Matters (PDF)
• LILCO Tax Matters Disclosure Schedule (PDF)
• Schedule E: Employment Matters (PDF)
• Schedule F: Grant of Future Rights (PDF)
• Schedule G: Retained Assets (PDF)
• Parent Disclosure Schedule (PDF)

 

• Energy Management Agreement - June 26, 1997 (PDF)
   
  •  Amendment: Dated as of March 29, 2002 (PDF)
• Generation Purchase Right Agreement - June 26, 1997 (PDF)
• Guaranty Agreement (PDF) between BL Holding Corp. and LIPA
• Liabilities Undertaking and Indemnification Agreement - June 26, 1997 (PDF)
• Management Services Agreement - June 26, 1997 (PDF)
   
  • Appendix 1 (PDF)
  • Appendices 2 through 14 (PDF)
• Power Supply Agreement - June 26, 1997 (PDF)
• Form of Certificate of Designation (PDF)