LIPA to now mandate disclosure of new contracts' costs

From Sunshine Review

January 9, 2009

[edit] LIPA to now mandate disclosure of new contracts' costs

"Amid new calls for heightened oversight, the Long Island Power Authority will issue an executive directive Monday mandating that the cost of all new energy and capacity contracts be publicly disclosed, LIPA chief Kevin Law said Friday.

The directive comes in response to revelations, reported in Newsday Friday, that LIPA inked more than $6 billion in new long-term energy and capacity contracts over the past half decade without disclosing a cent of the costs to ratepayers."

[edit] External links

Newsday, LIPA to now mandate disclosure of new contracts' costs, January 9, 2009

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