LIPA/KeySpan 2006 Agreements

On January 26, 2006, the LIPA Board of Trustees approved a set of agreements with KeySpan that extended the Management Services Agreement, set out a new power plant purchase option for LIPA and resolved certain outstanding financial issues. The following documents represent the LIPA/KeySpan Agreements of 2006.

LIPA/KeySpan 2006 AgreementsPDF
To view the documents below, you will need Adobe Acrobat Reader, which you can download for free from Adobe.


LIPA/National Grid Proposed 2007 Agreement
In connection with the potential acquisition of KeySpan by National Grid, on March 23, 2007, an Agreement in Principle was reached with National Grid/KeySpan on a series of contract-related issues that will provide significant ratepayer, reliability and repowering or power plant emission reduction benefits to LIPA’s electric customers and to the Long Island region. Read release.

LIPA/National Grid Proposed 2007 AgreementPDF
To view the proposed agreement below, you will need Adobe Acrobat Reader, which you can download for free from Adobe.

Last Updated: 03/07/2008