PHILADELPHIA – December 5, 2017: Long Island Power Authority (LIPA), a municipal subdivision of the State of New York with an annual revenue of $3.4 billion, has selected the Synario for Public Power platform to meet their strategic planning and forecasting needs. LIPA owns the electrical grid for most of Long Island and their retail electric system provides service to over 1.1 million customers.
The Synario service team will be building a LIPA-specific financial modeling and forecasting solution that will initially focus on rate modeling, revenue requirements, and sensitivity testing and analysis of other operational drivers.
Synario delivers to CFOs, finance directors and finance teams the ability to isolate and analyze threats and opportunities in their financial future.
- Delivered in the Cloud – no hardware or software to maintain
- Built for Collaboration – version control issues are completely eliminated
- Best Practice Approach – leverages PFM’s long history helping public power authorities solve budget and finance challenges