LIPA | About The Long Island Power Authority

Request for Proposals:Financial Advisory Services

January 14, 2009
The Long Island Power Authority (the “Authority”) is soliciting proposals through this Request For Proposals (“RFP”) from experienced and qualified firms to act as Financial Advisor to the Authority, as described herein. Proposers should be experienced in providing Financial Advisory Services to large and frequent issuers of municipal bonds, publicly-owned utility debt and New York State credits. Based on the responses to this RFP, the Authority will select one firm to provide services under this RFP.

RFP Downloads

Calendar of Events The schedule of key dates in this RFP is as follows:
	Issuance of RFP	January 14, 2009
	Deadline for Submission of Questions	January 23, 2009
	Submission of Notice of Intent to Propose	January 28, 2009
	Proposal Due Date	February 4, 2009 by 3:00 p.m.
	Interviews (if desired)	Dates to be Determined

Questions
Any questions regarding this RFP should be submitted in writing and faxed to Ms. McCarthy, on or before January 23, 2009. Responses to the questions will be posted on the Authority's web site at www.lipower.org on a rolling basis. No other communication of questions and answers will be made.

Notice of Intent
It is requested that firms interested in submitting a proposal in response to this RFP fax a Notice of Intent to Propose to the attention of Ms. Elizabeth McCarthy, Senior Vice President and Chief Financial Officer, at (516) 719-9818 on or before January 28, 2009. Such notice should contain the Proposer’s name, address, phone number, e-mail address and contact person. Submission of a Notice of Intent to Propose is strongly encouraged, but not a pre-requisite for submitting a proposal.

Seven (7) hard copies of your proposal and a copy on CD in either Microsoft Word or PDF format are due no later than 3:00 p.m. on Wednesday, February 4, 2009, in a sealed package or packages. The Authority will not consider proposals received after this deadline. All proposals should be delivered to:

Long Island Power Authority
333 Earle Ovington Boulevard, Suite 403
Uniondale, NY 11553
Attn: Ms. Elizabeth M. McCarthy, Senior Vice President and Chief Financial Officer

Proposals received after the Proposal Due Date will not be considered, nor will faxed or e-mailed proposals, whenever received. Failure to submit a proposal on time will not be waived by the Authority under any circumstances (e.g., traffic conditions, mail or courier failure, etc.).

The Authority may conduct interviews of those Proposers found to be the most qualified to provide the required services. If interviews are conducted, the Proposer(s) selected for an interview will be notified in advance of the scheduled date(s).

Contact
Pursuant to State Finance Law sections 139-j and 139-k, this RFP includes and imposes certain restrictions on communications between the Authority and Proposers during the procurement process. A Proposer is restricted from making contacts (i.e., an oral, written or electronic communications which a reasonable person would infer as an attempt to unduly influence the award, denial, or amendment of a contract) from issuance of the RFP through final award and approval of the resulting Procurement Contract by the Authority and the Office of the State Comptroller (“restricted period”) to any Authority staff or Trustee (or consultants) other than as designated herein, unless it is a contact that is included among certain statutory exemptions as set forth in State Finance Law sections 139-j(3) (a). The Authority’s designated staff for this RFP, as of the date hereof, is Ms. Elizabeth McCarthy, Senior Vice President and Chief Financial Officer, (516) 719-9821, Mr. Stephen Clark, Executive Director of Financial Administration, (516) 719-8637 and Mr. Michael Standridge, Director of Corporate Contracts and Procurement, (516) 719-8620. Authority staff and Trustees (and consultants) are also required to obtain certain information when contacted during the restricted period and make a determination of the responsibility of the Proposer pursuant to these two statutes. Certain findings of non-responsibility can result in rejection for contract award, and in the event of two findings within a 4 year period, the Proposer is debarred from obtaining governmental Procurement Contracts. Further information about these requirements can be found in the Authority’s Guidelines Regarding Procurement Lobbying which is posted on the Authority’s web site for this RFP.

Any contact, beyond that allowed in this RFP, with the Authority Board members, staff or consultants during the pendency of this RFP may be grounds for disqualification from the RFP process.

The Authority will not provide reimbursement for any costs or expenses incurred in connection with this RFP, including the costs of preparing and submitting a proposal, providing any additional information or attending an interview. All material that is submitted in response to this RFP will become the sole property of the Authority. The Authority expressly reserves the right to utilize any and all ideas submitted in the proposals received unless covered by legal patent or proprietary rights which must be clearly noted in the proposal submitted in response to the RFP. See also RFP Section VI.C.3.

Contract Period
The term of the contract will be for a period of four (4) years. The Authority at any time, in its sole discretion, may terminate the contract, or postpone or delay all or any part of the contract upon written notice.