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Request for Proposals: Energy Risk Management Advisory and System Services

February 22, 2008
Answers to questions received

February 5, 2008
The Long Island Power Authority (the “Authority”) is soliciting proposals from experienced and qualified firms through this Request for Proposals (“RFP”) to provide energy risk management advisory services and a license permitting the use of an energy risk management software system. All firms submitting proposals should be experienced in consulting and advising public power authorities and/or municipal entities similar to the Authority or investor-owned electric utilities in the area of energy trading operations. Based on the responses to this RFP, the Authority expects to retain one firm to perform work as further described in the RFP.

RFP Downloads

Calendar of Events The schedule of key dates in this RFP is as follows:

	Issuance of RFP	February 5, 2008
	Deadline for Submission of Questions	February 15, 2008
	Submission of Notice of Intent to Propose	February 22, 2008
	Proposal Due Date	February 27, 2008
	Interviews (if desired)	Dates to be Determined

Questions
Any questions regarding this RFP should be submitted in writing and faxed to Elizabeth McCarthy, Senior Vice President and Chief Financial Officer at (516) 719-9818, on or before February 15, 2008. Responses to the questions will be posted on the Authority's web site at www.lipower.org on a rolling basis. No other communication of questions and answers will be made.

Notice of Intent
It is requested that firms interested in submitting a proposal in response to this RFP fax a Notice of Intent to Propose to the attention of Elizabeth McCarthy at (516) 719- 9818 on or before February 22 , 2008. Such notice should contain the Proposer’s name, address, phone number, e-mail address and contact person. Submission of a Notice of Intent to Propose is not a pre-requisite for submitting a proposal.

Submission of Proposals
Six (6) hard copies of your proposal and a copy on CD in either Microsoft Word or PDF format are due no later than 3:00 p.m. on February 27, 2008, in a sealed package or packages. The Authority will not consider proposals received after this deadline. All proposals should be delivered to:

Long Island Power Authority
333 Earle Ovington Boulevard, Suite 403
Uniondale, NY 11553
Attention: Elizabeth McCarthy, Senior Vice President and Chief Financial Officer

Proposals received after the Proposal Due Date will not be considered, nor will faxed or e-mailed proposals, whenever received. Failure to submit a proposal on time will not be waived by the Authority under any circumstances (e.g., traffic conditions, mail or courier failure, etc.).

The Authority may conduct interviews of those Proposers found to be the most qualified to provide the required services. If interviews are conducted, the Proposer(s) selected for an interview will be notified in advance of the scheduled date(s).

Contact Information
Pursuant to State Finance Law sections 139-j and 139-k, this RFP includes and imposes certain restrictions on communications between the Authority and Proposers during the procurement process. A Proposer is restricted from making contacts (i.e., an oral, written or electronic communications which a reasonable person would infer as an attempt to unduly influence the award, denial, or amendment of a contract) from issuance of the RFP through final award and approval of the resulting Procurement Contract by the Authority and the Office of the State Comptroller (“restricted period”) to any Authority staff or Trustee (or consultants) other than as designated herein, unless it is a contact that is included among certain statutory exemptions as set forth in State Finance Law sections 139-j(3) (a). The Authority’s designated staff for this RFP, as of the date hereof, is Elizabeth McCarthy, Senior Vice President and CFO, Corey Horowitz, Director of Energy Risk Management (516) 719-9855 and William Funk, Contract Specialist, (516) 719-9235. Authority staff and Trustees (and consultants) are also required to obtain certain information when contacted during the restricted period and make a determination of the responsibility of the Proposer pursuant to statutory provisions. Certain findings of non-responsibility can result in rejection for contract award, and in the event of two findings within a 4 year period, the Proposer is debarred from obtaining governmental Procurement Contracts. Further information about these requirements can be found in the Authority’s Guidelines Regarding Procurement Lobbying which is posted on the Authority’s web site for this RFP.

Other than as provided for in this RFP, any contact with the Authority Board members, staff or consultants during the pendency of this RFP may be grounds for disqualification from the RFP process.

The Authority will not provide reimbursement for any costs or expenses incurred in connection with this RFP, including the costs of preparing and submitting a proposal, providing any additional information or attending an interview. All material that is submitted in response to this RFP will become the sole property of the Authority. The Authority expressly reserves the right to utilize any and all ideas submitted in the proposals received unless covered by legal patent or proprietary rights which must be clearly noted in the proposal submitted in response to the RFP. See also RFP Section VI.C.3.

Contract Period
The term of the contract will be for a period of four (4) years. The Authority at any time, in its sole discretion, may terminate the contract, or postpone or delay all or any part of the contract upon written notice.