The Long Island Power Authority's finance committee yesterday selected Public Financial Management Inc. to serve as financial adviser for four years. Their appointment will go before the full board for approval on March 26.

PFM has been LIPA's interim financial adviser since April, following the implosion and absorption by JPMorgan of their former adviser, Bear, Stearns & Co. The firm was chosen from among five that responded to a request for proposals.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.