Long Island Power Authority, N.Y., calls $116 million revenue bonds

By Marisa Wong

Madison, Wis., April 11 - Long Island Power Authority said it will redeem its $116 million of outstanding 5.375% electric system general revenue bonds, series 2001L, in full on May 1.

The bonds, which are due May 1, 2033, will be redeemed at par plus accrued interest to the redemption date.

The municipal electric provider owns the retail electric transmission and distribution system and provides service to Nassau and Suffolk counties in New York.

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