The Long Island Power Authority plans to sell $200 million of new-money bonds next year, according to a proposed 2010 budget released last week. LIPA also expects to refund $400 million of outstanding debt next year.

The authority proposed a $3.7 billion operating budget, which would be a $150 million decrease from the approved 2009 budget. It projected it will issue $175 million of bonds in 2011, $140 million in 2012, and $55 million in 2014, according to the proposed budget.

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