Company InformationLIPA/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 Agreements
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- Amended and Restated Management Services Agreement
- Option and Purchase and Sale Agreement
- Settlement Agreement and Release
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 Agreement
To view the proposed agreement below, you will need Adobe Acrobat Reader,
which you can
download
for free from Adobe.
- Agreement and Waiver
- Exhibit 1 - Amendment to the Amended and Restated MSA
- Exhibit 2 - Fourth Amendment to the Power Supply Agreement
- Exhibit 3 - First Amendment to the Option Purchase and Sale Agreement
- Exhibit 4 - Second Option Purchase and Sale Agreement
- Exhibit 5 - Right of First Refusal Agreement
- Exhibit 6 - Omnibus Gas Transportation and Balancing Agreement
