LIPA

95% of old LIPA still remains
7:26 am
Fri April 25, 2014

New utility, but little changed within the ranks

Nearly five months after New Jersey based PSEG took over Long Island's electric grid much of what officials complained about still remains.
Credit AP/Mel Evans

After a yearlong campaign to end what New York Governor Andrew Cuomo called a “failed” and “bloated” agency, New Jersey-based PSEG is now almost five months into running Long Island’s electric grid. They took over National Grid's contract with the Long Island Power Authority and assumed much more operational control. But according to records and interviews, much of what was “failed” and “bloated” still remains today. On top of that, it costs more.  

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"Enhanced" communication, but same outage system
9:34 pm
Thu March 13, 2014

NY reviews PSEG-LI storm plan

PSEG-LI updated LIPA's existing plan with additional communication staffing
Credit Charles Lane

New York’s Department of Public Service held public hearings Thursday on PSEG’s new storm emergency plan for Long Island electric customers. The updated plan is largely the same as LIPA's but with an improvements to customer communication.

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PSEG explains good performance stats
5:50 pm
Thu February 20, 2014

Preparation & (mostly) luck reduce outage time

Angry residents pleading to the Long Island Power Authority for electricity to be restored in Mastic Beach. LIPA came under withering criticism since Sandy knocked out power to more than a million of its customers in 2012
Credit AP Photo/Frank Eltman

On Wednesday New York Governor Andrew Cuomo praised Long Island's new electric company PSEG for, among other things,  greatly reducing the time customers had to wait for outages to be fixed.  WSHU's Charles Lane has this report on t how  PSEG was able to do this.   

  

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Cuomo says outage time 28% lower
5:43 pm
Wed February 19, 2014

Cuomo amplifies agenda, praises PSEG

Governor Andrew Cuomo delivering budget address on Long Island
Credit Charles Lane

New York Governor Andrew Cuomo was on Long Island today delivering the same budget presentation he gave statewide several weeks ago.  Cuomo’s says the purpose of his visit was to amplify his voice in what he expects to be a “loud” legislative session.

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Investors snatch up $2B in LIPA bonds
5:48 pm
Fri December 13, 2013

NY helps LIPA restructure debt at lower cost

Credit AP

The Long Island Power Authority says it has finished restructuring more $2 billion dollars worth of debt.   LIPA says the borrowing could save rate payers some $130 million over 27 years.  

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