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United States : LIPA yet to renegotiate new deal.

The two parties have still not renegotiated a new deal although the Long Island Power Authority (LIPA)'s agreement to purchase energy and capacity to fulfill state requirements from a New York Power Authority (NYPA) plant in Holtsville is set to end this month.

Its predecessor, the Long Island Lighting Co., and LIPA and have been the main purchasers of power from the 135-megawatt plant, which was constructed in 1994 and went through extensive maintenance as recently as the fall of 2011.

LIPA used its right of terminating the 20-year deal in 2012. The deal ends April 30.

Termination of the deal comes as LIPA gears up to enter into agreements for new energy supplies from a 750-megawatt plant in Yaphank and a number of new renewable energy sources.

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Publication:Mena Report
Date:Apr 11, 2014
Words:142
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