Current Bond Offering - Subject to Availability

As of 09/03/2010

LIPA (Long Island Power Authority) (Insured by National Public Finance Authority)
Coupon: 4.25%
Maturity: 5/1/2033
Callable: 11/1/2016
Yield to Maturity: 3.96%
Yield to Call: 3.48%
Moody’s: A3
S&P: A

The Long Island Power Authority is a corporate municipal instrumentality and political subdivision of the State of New York. LIPA owns and operates the electric transmission and distribution system located in its service area, which includes the New York counties of Nassau and Suffolk and a small section of Queens County.

Ratings are provided as available by Moody’s Investor Services, Standard & Poor’s and Fitch Ratings.
 
Yield Information:
 
YTM is yield to maturity and represents the return the investor would realize if a bond is held to maturity.
 
YTC is yield to call and represents the return the investor would realize if the bond were retired by the issuer on the stated call date.

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Use a calculator to figure the tax equivalent yield.

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