LIPA has already paid off nearly $1 billion of the $4.5 billion in previously borrowed debt. The new law would keep the same $4.5 billion cap, but allow LIPA to borrow new amounts up to that amount as it pays down older debt.
Business stories from Newsday, Long Island Newsday: Business
Mon, 01/25/2021 - 4:00am
LIPA has already paid off nearly $1 billion of the $4.5 billion in previously borrowed debt. The new law would keep the same $4.5 billion cap, but allow LIPA to borrow new amounts up to that amount as it pays down older debt.