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Agreements & Contracts

Browse through the Long Island Power Authority's agreements and contracts. To view many of the documents below, you will need Adobe Acrobat Reader. You can download Acrobat Reader for free from Adobe. Download now

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.

• 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

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.

• Amended and Restated Management Services Agreement
• Option and Purchase and Sale Agreement
• Settlement Agreement and Release

LIPA/LILCO  1997 Agreements

Agreement and Plan of Merger
BL Holding Corp., Long Island Lighting Company, Long Island Power Authority and LIPA Acquisition Corp, June 26, 1997

• Schedule A: Transferred Assets
• Schedule B: Principles & Procedures for Finalizing the Transferred Asset
• Schedule C: Transition Work
• Schedule D: Tax Matters
• LILCO Tax Matters Disclosure Schedule
• Schedule E: Employment Matters
• Schedule F: Grant of Future Rights
• Schedule G: Retained Assets
• Parent Disclosure Schedule

Energy Management Agreement - June 26, 1997
- Amendment: Dated as of March 29, 2002

Generation Purchase Right Agreement - June 26, 1997

Guaranty Agreement between BL Holding Corp. and LIPA

Liabilities Undertaking and Indemnification Agreement - June 26, 1997

Management Services Agreement - June 26, 1997

- Appendix 1
- Appendices 2 through 14

Power Supply Agreement - June 26, 1997

Form of Certificate of Designation