The Long Island Power Authority has scrapped plans to build new gas-fueled power plants designed for the peak summer months.
LIPA, which had issued requests for proposals (RFPs) to address peak power in October 2013, issued a statement Dec. 2 saying it would no longer move forward with any of the submissions. It did not provide any specific reason for the decision. The electric provider did however emphasize that PSEG-Long Island, which will take over power planning functions from LIPA in 2015, could issue new RFP requests.
"These RFPs will be issued and conducted in coordination with PSEG Long Island's Integrated Resource Plan, which will seek to develop a balanced, reliable, affordable and efficient electric resource plan for Long Island," the LIPA statement said.
LIPA and PSEG are continuing to evaluate renewable energy projects under a separate 280-megwatt RFP process, according to the statement. A recommendation is expected to be presented at LIPA's next board of trustees meeting on Dec. 17.
LIPA is slated to issue nearly $800 million in new revenue bonds this month after having its debt ratings
