For Immediate Release: January 17, 2013
LIPA Announces Investor Update Conference Call
Uniondale, NY—The Long Island Power Authority (LIPA) participated in an Investor Update Conference Call today. LIPA presented information about its leadership and management, Hurricane Sandy, LIPA’s liquidity position and the 2013 Budget, as well as the Moreland Commission and potential privatization of LIPA. A link to that presentation is below. LIPA has voluntarily filed a copy of the presentation at the Municipal Securities Rulemaking Board’s website (http://emma.msrb.org/) and an audio recording of the presentation can also be found at NetRoadShow. The password is "LIPA2013" and is not case sensitive.
LIPA, a non-profit municipal electric provider, owns the retail electric Transmission and Distribution System on Long Island and provides electric service to more than 1.1 million customers in Nassau and Suffolk counties and the Rockaway Peninsula in Queens. LIPA is the 2nd largest municipal electric utility in the nation in terms of electric revenues, 3rd largest in terms of customers served and the 7th largest in terms of electricity delivered. In 2011, LIPA outperformed all other overhead electric utilities in New York State for frequency and duration of service interruptions. LIPA does not provide natural gas service or own any on-island generating assets. More information about LIPA can be found online at http://www.lipower.org.