Letter of credit reimbursement for LIPA series 2026A electric system general revenue bond

Bank of America, N.A. has been awarded a contract by the Long Island Power Authority (LIPA), a New York state entity, effective March 15, 2026, through March 14, 2030. The contract carries a cumulative value of $257.9 million over its four-year performance period. The specific products and services to be delivered under this agreement are not detailed in the available contract documentation.

Given the nature of the contracting organization and contract value, the engagement likely involves financial services, treasury management, or banking services aligned with LIPA's operational and capital financing requirements. However, the precise scope of work, performance locations, and detailed service specifications cannot be determined from the information provided and would require review of the complete contract documentation or statement of work.