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Where LIPA's money went: Billions spent to get power; not enough spent to protect it

LIPA technicians work on one of two transformers

Photo credit: Jim Peppler | LIPA technicians work on one of two transformers being installed at the LIPA Newbridge Road Substation in Levittown in preparation for the connection of the Neptune Regional Transmission System cable which will bring 660 Megawatts of electricity (the equivalent of two power plants) to Long Island. (Aug. 16, 2006)

No matter how hot it got on summer's hottest day, with all of the Island's air conditioners at full blast, the Long Island Power Authority wanted to have more than enough electricity to deliver to its customers.

And it did just that -- even if it meant spending billions of ratepayer dollars on questionable deals, Newsday has found.

LIPA agreed to a 20-year, $914 million contract for...

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