Utility Debt Securitization Authority
The Utility Debt Securitization Authority (UDSA) is a government entity responsible for LIPA’s financial reporting. The UDSA is a component unit of LIPA with a mission to authorize, issue, and sell restructuring bonds to finance the purchase of restructuring property.
The UDSA, led by a Governor-appointed Board of Trustees, keeps costs low for LIPA customers by managing the Authority’s debt by paying upfront and ongoing financing costs – lowering the costs of electric service for customers.
For more information about the mission of the UDSA, its by-laws, and more, click below:
The UDSA Board of Trustees are appointed by the Governor for multi-year terms. Read about the current UDSA Board of Trustees by clicking on the names below.
3/26/24 – 10:00 AM – Utility Debt Securitization Authority Board Meeting – LIPA 333 Earle Ovington Blvd. Ste 403 Uniondale, NY 11553
- Agenda
- Consideration of Appointment of Dennis Anosike as Chief Financial Officer
- Consideration of Approval of the 2023 Annual Investment Report and 2024 Investment Guidelines
- Consideration of Approval of the Annual Review of Board Policies
- Discussion of Year-to-Date Tracking Report
- Discussion of 2023 Financial Report
- Discussion of 2023 Audit Results with the Independent Auditors
- Consideration of Approval of the 2023 Financial Report
12/11/23 – 10:00 AM – Utility Debt Securitization Authority Board Meeting – Nixon Peabody LLP, Tower 46, 55 West 46th Street, New York, NY
3/28/23 – 01:00 PM – Utility Debt Securitization Authority Board Meeting – LIPA, 333 Earle Ovington Blvd, STE 403, Uniondale, NY 11553
- Agenda
- Consideration of Approval of the 2022 Annual Investment Report and 2023 Investment Guidelines
- Consideration of Approval of the Annual Review of Board Policies
- Discussion of Year-to-Date Tracking Report
- Discussion of 2022 Financial Report
- Discussion of 2022 Audit Results with the Independent Auditors
- Consideration of Approval of the 2022 Financial Report
- Consideration of Authorizations Relating to the Issuance of Restructuring Bond, Series 2023
12/12/22 – 02:00 PM – Utility Debt Securitization Authority Board Meeting – Hawkins, Delafield & Wood, LLP 7 World Trade Center 250 Greenwich Street, 41st Fl. NY, NY 10007
8/2/22 – 03:00 PM – Utility Debt Securitization Authority Board Meeting – LIPA, 333 Earle Ovington Blvd, STE 403, Uniondale, NY 11553
3/28/22 – 02:00 PM – Utility Debt Securitization Authority Board Meeting
- Agenda
- Minutes
- Consideration of a Resolution Appointing Bobbi O’Connor General Counsel
- Consideration of Approval of the 2021 Annual Investment Report and 2022 Investment Guidelines
- Consideration of Approval of the Annual Review of Certain Mission, Governance and Compliance Board Policies
- Discussion of Year-to-Date Tracking Report
- Discussion of 2021 Financial Report
- Discussion of 2021 Audit Results with the Independent Auditors
- Consideration of Approval of the 2021 Financial Report
11/16/21 – 10:30 AM – Utility Debt Securitization Authority Board Meeting
3/26/21 – 12:30 PM – Utility Debt Securitization Authority Board Meeting
- Agenda
- Minutes
- Approval of the 2020 Annual Investment Report and 2021 Investment Guidelines
- Approval of the Annual Review of Certain Mission, Governance and Compliance Board Policies
- Discussion of Year-to-Date Tracking Report
- Discussion of 2020 Financial Report
- Discussion of 2020 Audit Results with the Independent Auditors
- Approval of the 2020 Financial Report
11/16/20 – 12:30 PM – Utility Debt Securitization Authority Board Meeting
- Agenda
- Minutes
- Adoption of Resolution Appointing Tamela Monroe as Chief Financial Officer
- Overview of Quarterly Financials Ended September 30th
- Discussion of Year-to-Date Tracking Report
- Presentation from KPMG on the 2020 Audit Plan
- Discussion of 2020 UDSA Internal Control Report
- Adoption of Resolution Approving the 2021 Budget
3/23/20 – 01:30 PM – Utility Debt Securitization Authority Board Meeting
- Agenda
- Minutes
- Approval of the 2019 Annual Investment Report and 2020 Investment Guidelines
- Approval of the Annual Review of Certain Mission, Governance and Compliance Board Policies
- Discussion of Year-to-Date Tracking Report
- Discussion of Peak Load Forecast
- Discussion of 2019 Financial Report
- Discussion of 2019 Audit Results with the Independent Auditors
- Approval of the 2019 Financial Report
11/13/19 – 02:00 PM – Utility Debt Securitization Authority Board Meeting LIPA, 333 Earle Ovington Blvd. 4th Floor, Uniondale NY
3/18/19 – 01:30 PM – Utility Debt Securitization Authority Board Meeting Hawkins, Delafield & Wood, LLP 7 World Trade Center 250 Greenwich Street, 41st Floor New York, NY 10007
3/18/19 – 01:00 PM – Utility Debt Securitization Authority Finance and Audit Committee Meeting Hawkins, Delafield & Wood, LLP 7 World Trade Center 250 Greenwich Street, 41st Floor New York, NY 10007
- UDSA Board Meeting – Dec 11, 2023
- UDSA Board Meeting – Mar 28, 2023
- UDSA Board Meeting – Dec 12, 2022
- UDSA Board Meeting – Aug 2, 2022
- UDSA Board Meeting – Mar 28, 2022
- UDSA Board Meeting – Nov 16, 2021
- UDSA Board Meeting – Mar 26, 2021
- UDSA Board Meeting – Nov 13, 2019
- UDSA Board Meeting – Mar 18, 2019
- UDSA Board Meeting – Dec 11, 2018
- UDSA Board Meeting – Aug 19, 2018
- UDSA Board Meeting – Mar 26, 2018
- UDSA Board Meeting – Jan 10, 2018
- UDSA Board Meeting – Sep 29, 2017