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1998 LIPA Press Releases

Any current press release that has been issued to the media can be found here. If you have a question concerning a release please feel free to contact Media Relations at (516) 222-7700 or  media.relations@lipower.org.

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December 31, 1998
LIPA Moving Forward with Retail Competition in ā99 Public Input Sessions Slated for Jan. 12th

December 21, 1998
LIPA & KeySpan Settle LILCO Executive Compensation Issues

December 15, 1998
$14.7 Billion to Underground LIPAās Transmission & Distribution System: Report Estimates

LIPA Acts to Set New Rates for Veterans' Organizations
Charging Residential Electric Rate Will Save Vets' Groups $250,000 Annually


Statement by Richard M. Kessel

December 01, 1998
LIPA Completes First Six Months Ahead of Schedule on Many Initiatives

November 24, 1998
LIPA/King Kullen Launch Holiday Appeal to Assist Hurricane Victims

November 18, 1998
LIPA Board Set to Review Retail Competition Plan
and Energy Conservation/Efficiency Recommendations

November 10, 1998
LIPA Announces Enhanced Retail Competition Plan

October 29, 1998
Demand Remains Strong for LIPA Bondās Average Interest Rate Set At 4.48%

October 28, 1998
LONG ISLAND LIGHTING COMPANY D/B/A LIPA ANNOUNCES DEBT TENDER OFFER PRICING

October 20, 1998
LIPA to Issue $ 1.6 Billion In Bonds To Refinance High Cost LILCO Debt

October 15, 1998
DUPLICATE LIPA CHECKS LIMITED TO ONLY 179 CHECKS

September 24, 1998
LIPA Reports on Labor Day Storm Restoration

September 18, 1998
Mets Help LIPA Plug Safety, As They Seek Pennant

August 19, 1998
LIPA/MarketSpan Prepared For Hurricane Season

August 13, 1998
Kessel Warns That Small Soldiers Movie Sends
Wrong Message About Electric Safety

July 31, 1998
Statement by Richard M. Kessel,
Chairman Long Island Power Authority

July 27, 1998
Statement by Richard M. Kessel,
Chairman Long Island Power Authority

July 23, 1998
4208 Megawatts Used During Peak Hour on July 22nd
New Record For Electric Energy Use on Long Island
Some Heat-Related Outages Overnight

July 21, 1998
LIPA Awards Contract To TransEnergie/ABB Consortium To Evaluate Feasibility Of New Cross Sound Transmission Line

June 26, 1998
MEDIA ADVISORY

June 18, 1998
New LIPA Bills Reflect Rate Savings

June 16, 1998
Statement by Richard M. Kessel Chairman Long Island Power Authority

June 15, 1998
Media Alert

June 5, 1998
Statement by Richard M. Kessel, Chairman Long Island Power Authority

June 1, 1998
Governor Pataki: New Era Of Rate Relief Launched On Long Island

May 28, 1998
LIPA Set To Cut LI Electric Rates 20%

May 27, 1998
Media Alert

April 30, 1998
Receives Favorable Bond Ratings Issues Preliminary Official Statement Providing Financial Details Of Bond Offering

April 28, 1998
LIPA Proposes Retail Choice Program For
Long Island's Electric Customers First Phase Targeted To Begin January 1999
Program To Be Fully Implement by January 2003

April 27, 1998
Media Alert

April 22, 1998
LIPA Selects Senior Managing Underwriters
for LILCO Acquisition Bond Issue

April 09, 1998
Long Island Power Authority Appoints
Additional Underwriters To Manage Bond Sales

LIPA OKs 20% Electric Rate Cut Islandwide $250 Average Homeowner Savings Nassau Rates Will Drop 20.9%; Suffolk's 19.1% Shoreham Debt Repayment Accelerated

March 26, 1998
LIPA Receives Bids To Evaluate Transmission
Interconnection Feasibility Analysis Will Pave Way To Competitive, Low-Cost Energy

LIPA Wins Supreme Court Victory Suffolk
Legislature's Legal Challenge Dismissed

February 24, 1998
LIPA Selects Senior Managing Underwriters
for LILCO Acquisition Bond Issue

February 11, 1998
LIPA Plan Receives Favorable Action From Federal Energy Regulatory Commission

February 4, 1998
LIPA Electric Rate Cuts Will Save Nassau's Three Towns Millions

January 16, 1998
David P. Warren Appointed CFO LIPA Expands Senior Management Team

January 28, 1998
LIPA Proposes 19.4% Islandwide Electric Rate Cut
$243 Per Year Average Homeowner Savings
Businesses To Save Thousands of Dollars
Nassau Rates Will Drop 20.3%; Suffolk's 18.5%
March Hearings Set To Review Rate Reduction Plan

LIPA Issues RFP To Assess
New Off-Island Transmission Link

January 06, 1998
LIPA Issues RFPs Seeking Senior Management and Co-Managing Underwriters As Well As Bond and Disclosure Counsels