Investor Relations
LIPA owns the electric transmission and distribution located in Long Island's Nassau and Suffolk counties, as well as the Rockaways in Queens County. In 2013, the Authority shifted to a public-private business model, preserving the cost advantages of public power while reforming LIPA's governance and business model to prioritize customer satisfaction. The Reform Act also capped property tax increases and reduced LIPA's cost of debt, using another entity with higher credit ratings to refinance the majority of LIPA's bonds. We invite investors, analysts, journalists and members of the public to browse through recent budgets, bond resolutions, rating agency reports, and more on our investor relations webpage.
Rate Plan and Budgets
- 2023 Budget
- 2022 Budget
- 2021 Budget (PDF)
- 2020 Budget (PDF)
- 2019 Budget (PDF)
- 2018 Budget (PDF)
- 2017 Budget (PDF)
- Dept. of Public Service Rate Recommendation (PDF)
- NYS Dept. of Public Service Rate Filing
Rating Agency Reports
- A2 (Stable) July 2023 (PDF)
- A (Stable) July 2023 (PDF)
- A (Positive) July 2023 (PDF)
Moody's Investors Service
Standard and Poor's Ratings Services
Fitch Ratings
Annual Delivery Rate Changes
- 2022 Delivery Rate Changes (PDF)
- 2021 Delivery Rate Changes (PDF)
- 2020 Delivery Rate Changes (PDF)
- 2019 Delivery Rate Changes (PDF)
Financial Statements
- 2022 Annual Report (PDF)
- 2021 Annual Report (PDF)
- 2020 Annual Report (PDF)
- June 30, 2023 (PDF)
- Mar 31, 2023 (PDF)
- Sep 30, 2022 (PDF)
- June 30, 2022 (PDF)
- Mar 31, 2022 (PDF)
- Sep 30, 2021 (PDF)
- June 30, 2021 (PDF)
- Mar 31, 2021 (PDF)
- Sep 30, 2020 (PDF)
- Jun 30, 2020 (PDF)
- Mar 31, 2020 (PDF)
Audited Financial Statments
Quarterly Statements
Official Statements & Bond Resolutions
- Series 2023 D (August 14, 2023) (PDF)
- Series 2023 E&F (supplemented August 8, 2023) (PDF)
- Series 2022 A,B & C (August 17, 2022) (PDF)
- Series 2015 Notes GR-1-6 (March 14, 2022) (PDF)
- Series 2021 A, B & C (September 15, 2021) (PDF)
- Series 2021 Notes (January 14, 2021) (PDF)
- Series 2020 A, B & C (August 5, 2020) (PDF)
- Series 2019A&B (September 12, 2019) (PDF)
- Series 2018 (October 17, 2018) (PDF)
- Series 2017 (December 1, 2017) (PDF)
- Series 2016B (October 14, 2016) (PDF)
- Series 2016A Direct Placement (September 1, 2016) (PDF)
- Series 2015B (November 18, 2015) (PDF)
- Series 2015A Direct Placement (June 16, 2015) (PDF)
- Series 2014C & 2015C Remarketing (September 12, 2018) (PDF)
- Series 2014AB (December 4, 2014) (PDF)
- Series 2012A&B (June 27, 2012) (PDF)
- Series 2011A (September 15, 2011) (PDF)
- Series 2010B (May 5, 2010) (PDF)
- Series 2003C (May 7, 2003) (PDF)
- Series 2000A (April 13, 2000) (PDF)
- Series 1998A (May 13, 1998) (PDF)
- General Revenue Bond Resolution (PDF)
- General Subordinated Revenue Bond Resolution (PDF)
- Financing Agreement (PDF)
- Form of Proposed Amended and Restated General Revenue Bond Resolution (PDF)
- Reimbursement Agreement GR-1 (PDF)
- Reimbursement Agreement GR-2 (PDF)
- Reimbursement Agreement GR-3 (PDF)
- Reimbursement Agreement GR-4 (PDF)
- Reimbursement Agreement GR-5 (PDF)
- Reimbursement Agreement GR-6 (PDF)
- Revolving Credit Agreement (PDF)
Official Statements
Bond Resolution & Financing Agreements
Bank Agreements
Direct Placements
- Direct Purchase Agreement Series 2023A Wells Fargo (PDF)
- Direct Purchase Agreement Series 2023B Bank of America (PDF)
- Direct Purchase Agreement Series 2023C (PDF)
- Certificate of Determination relating to the Series 2023A Bonds (PDF)
- Certificate of Determination relating to the Series 2023B Bonds (PDF)
- Certificate of Determination relating to the Series 2023C Bonds (PDF)
Investor Disclosures
- 2022 (PDF)
- 2021 (PDF)
- 2020 (PDF)
- 2019 (PDF)
- 2018 (PDF)
- 2017 (PDF)
- 2016 (PDF)
- 2015 (PDF)
- 2014 (PDF)
- 2013 (PDF)
- 2012 (PDF)
- 2011 (PDF)
- 2010 (PDF)
- 2009 (PDF)
- 2008 (PDF)
- 2007 (PDF)
- 2006 (PDF)
- 2005 (PDF)
- 2004 (PDF)
- 2003 (PDF)
- 2002 (PDF)
- 2001 (PDF)
- 2000 (PDF)
- 2020-2021 (PDF)
- 2018-2019 (PDF)
- 2016-2017 (PDF)
- 2014-2015 (PDF)
- 2012-2013 (PDF)
- 2010-2011 (PDF)
- 2008-2009 (PDF)
- 2006-2007 (PDF)
- 2004-2005 (PDF)
Annual Disclosure Reports
Biennial Engineer's Reports
Debt, Investments and Interest Rate Swaps
- 2022 (PDF)
- 2021 (PDF)
- 2020 (PDF)
- 2019 (PDF)
- Variable Rate Bonds (December 31, 2022) (PDF)
- Variable Rate Bonds (September 30, 2022) (PDF)
- Variable Rate Bonds (June 30, 2022) (PDF)
- Variable Rate Bonds (March 31, 2022) (PDF)
- Variable Rate Bonds (December 30, 2021) (PDF)
- Long Term Debt 2022 (PDF) (PDF)
- Long Term Debt 2021 (PDF) (PDF)
- Long Term Debt 2020 (PDF) (PDF)
- 2020 Financial Policy Report (PDF)
- Investment Policy (PDF)
- Debt Management Policy (PDF)
- Interest Rate Exchange Agreement Policy (PDF)
- June 30, 2023 (PDF)
- March 31, 2023 (PDF)
- December 31, 2022 (PDF)
- June 30, 2022 (PDF)
- March 31, 2022 (PDF)
- December 31, 2021 (PDF)
- September 30, 2021 (PDF)
- June 30, 2021 (PDF)
Annual Investment Reports
Schedule of Debt
Investment and Debt Policies
Interest Rate Swap Reports
Information Requests: To request information from Investor Relations, email [email protected] or contact us here. Use this form to sign up for financial and investor update emails from LIPA
