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Request for Proposals: Nuclear Decommissioning Trust Funds Asset Management & Investment Advisory Services

(Re-Issued January 8, 2007)

January 8, 2007
The Long Island Power Authority (the “Authority”) is seeking proposals through this Re-issued Request For Proposals (“RFP”) for Asset Management / Investment Advisory services for its Nuclear Decommissioning Trust Funds (NDTF), as described herein. Proposers should be experienced in providing such services to entities similar to the Authority. Based on the responses to this RFP, the Authority expects to retain one firm to provide such asset management / investment advisory services.

This Request for Proposals replaces the Authority's previous RFP for the same services dated November 6, 2006 in its entirety. The November 6, 2006 RFP is cancelled and replaced by this Re-issued RFP. The Re-issued RFP shows the changes to the previous RFP in underlined, italic text.

RFP Downloads

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

	Issuance of RFP	January 8, 2007
	Deadline for Questions	January 18, 2007
	Notice of Intent	January 24, 2007
	Proposal Due Date	January 31, 2007
	Interviews (if desired)	Dates to be Determined

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, Chief Financial Officer, at (516) 719-9818 on or before January 24, 2007 . 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.

Questions
Any questions regarding this RFP should be submitted in writing and faxed to Elizabeth McCarthy, Chief Financial Officer, on or before January 18, 2007 . Responses to the questions will be posted on the Authority's website at www.lipower.org on a rolling basis. No other communication of questions and answers will be made.

The Authority is posting the questions and answers received for the previous RFP for the information of interested proposers.

November 21, 2006
Answers to Questions Received for Previous RFP

Any contact, beyond that allowed in this RFP, with the Authority Board members, staff or consultants during the pendency of this RFP may be grounds for disqualification from the RFP process.

Submission of Proposals
Seven (7) 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 Wednesday, January 31, 2007, 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, 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).

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.

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 Ms. Mary Rynn, Manager of Treasury Operations, (516) 719-9834 and Mr. Michael Standridge, Director of Corporate Contracts and Procurement, (516) 719-8620. 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 these two statutes. 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 Sections 139-j and 139-k of the State Finance Law which is posted on the Authority’s web site for this RFP.

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