Fitch Confirms Long Island Pwr Auth (NY) Elec Sys Subordinated Subseries 1B

NEW YORK--(BUSINESS WIRE)-- The rating action referenced in Fitch Ratings' Jan. 26, 2012, press release (Fitch to Confirm Long Island Pwr Auth (NY) Elec Sys Subordinated Subseries 1B) is effective today (Jan. 27, 2012).

Additional information is available at www.fitchratings.com. The ratings above were solicited by, or on behalf of, the issuer, and therefore, Fitch has been compensated for the provision of the ratings.

Applicable Criteria and Related Research:
--'U.S. Municipal Structured Finance Rating Criteria', Apr. 25, 2011;
--'Rating Guidelines for Letter of Credit-Supported Bonds', July 26, 2011.

Applicable Criteria and Related Research:
U.S. Municipal Structured Finance Rating Criteria
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=624129
Rating Guidelines for Letter of Credit-Supported Bonds
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=647311

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