Webcast of the January 24, 2007, Board of Trustees Meeting

Southampton to Bridgehampton Transmission Line Environmental Impact Statement

Long Island Power Authority (LIPA) President and CEO Kevin S. Law today announced the release of a Draft Outline for the updated LIPA Energy Master Plan.

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.

Stay up to date with the latest news and information regarding the repowering of the Northport and Port Jefferson Power Stations.

In honor of Earth Day 2008, LIPA is offering a to LIPA customers. Between March 1 and May 31, residential customers are eligible to receive 50 cents off eligible ENERGY STAR qualified CFLs at participating retail stores. CFLs in single packs will be 50 cents off while CFLs in multiple bulb packages will be up to $4 off.

As concerns about global warming increase and the cost of fossil fuels continue to rise, homeowners are looking for ways to make a difference. The Long Island Power Authority (LIPA) is providing an opportunity for residential customers to invest in the future and supplement their energy needs with solar power (Photovoltaic-PV) and improve overall home energy efficiency.

“Governor Paterson has wisely decided that the potential risks associated with the Broadwater project are too great for the Long Island Sound.

As a further step in addressing the market-wide issues in the auction rate securities market, LIPA announced its plans late last week to convert seven series of its 2003 bonds which are currently in auction mode to weekly variable rate demand bonds.

Governor David A. Paterson today announced a major alternative energy project that would create the state’s largest source of solar power to help meet the challenge of developing comprehensive renewable energy alternatives and address the growing demand for energy on Long Island and throughout the state.