The Long Island Power Authority plans to sell $200 million of debt in 2009, according to its proposed budget released last week. The utility expects to vote on the plan on Dec. 11 following a public comment period.
Although LIPA forecasts difficult economic conditions will depress sales, higher charges for fuel and purchased power costs implemented this year and next would offset lower sales. Fuel and purchased power costs are expected to rise by 9.2% to $2.2 billion. LIPA projects revenues in 2009 will rise by 7.8% to $3.97 billion.