Author Archives: lipaoversight

About lipaoversight

LIPA Oversight Committee was created to analyze the rates and practices to determine if it is working in the best interests of the Suffolk County ratepayers

Has The Governor Taken Any Measures To Insure That The PSEG Subsidiary’s Have Safeguards Put In Place To Prevent Abuse?


The current uproar over the involvement of Governor Christie’s team in the closing of the Washington Bridge raises an interesting political irony. Governor Cuomo crafted a deal which placed control of Long Island’s electricity system in PSEG LI, a newly created … Continue reading

Posted in PSEG | Tagged , , , | Leave a comment

Matthew Cordaro Reappointed to Revamped LIPA Board


Critic reappointed to revamped LIPA board 2:54 PM By Yancey Roy newsday One of the most outspoken critics of the revamped Long Island Power Authority has been reappointed to its board of trustees. Matthew Cordaro has been reappointed to the … Continue reading

Posted in Uncategorized | Leave a comment

Govenors Cronies Limit Committee Participation


All legislative and congressional committees are staffed with members on all side of the aisle. Yet the LIPA committee just formed by Chairman Larry Waldman to review consultants only consists of 3 Governor appointees to LIPA’s Board of Trustees. Is … Continue reading

Posted in lipa, lipa financail report | 1 Comment

“Basically, the governor got everything he wanted in the original bill with very little compromise, if any. There’s no indication of what this will cost ratepayers.”


Cuomo, Legislature reach LIPA deal by Claude Solnik Published: June 20th, 2013 The New York State Legislature is expected to vote today on a deal reached by Gov. Andrew Cuomo and legislative leaders to privatize the operation of the Long … Continue reading

Posted in Uncategorized | Tagged , , , , , , , | Leave a comment

LIPA Legislation Falling Apart?


It appears that there have more gaps created then closed with the latest revision to the Governors legislation. A quote from LIPA Board of Trustee Dr. Matthew Cordaro noted: “that many gaps remain in understanding the true long-term costs of the … Continue reading

Posted in Uncategorized | Tagged , , , , , | Leave a comment

Proposed LIPA Legislation Should Be Amended


THE BILL SHOULD BE AMENDED : TO PROVIDE THAT THE LEGISLATION SHALL NOT BECOME EFFECTIVE UNLESS AND UNTIL THERE ARE FAVORABLE  IRS  RULINGS THAT THE LIPA BONDS TO BE ISSUED ARE   QUALIFIED PRIVATE ACTIVITY BONDS, AND THAT THE  REVISIONS TO THE … Continue reading

Posted in Uncategorized | Tagged , , , | Leave a comment

LIPA legislation Relating To The Fast Tracked New LIPA


June 17, 2013 Introduced by COMMITTEE ON RULES — (at request of the Governor) — read   twice  and  ordered  printed,  and when printed to be committed to the   Committee on Rules AN ACT to amend the public service … Continue reading

Posted in lipa | Tagged , , , | Leave a comment

Tell Your Senator To Slow The LIPA Process Down, We Cannot Afford Not Too…


There are very disquieting rumors that pressure is being applied to our very strong Senate delegation to support the Governor’s hastily cobbled together LIPA restructuring legislation. Please know that the LIPA Oversight Committee is here to support a new proposal … Continue reading

Posted in Uncategorized | Tagged , , , , , , | Leave a comment

Amendments to LIPA Bill


Amendments to LIPA Bill   Authorize LIPA and PSEG to amend Operating Service Agreement without being subject to Office State Comptroller approval and public bidding: provided that final agreement would be subject to Department of Public Service review and recommendation.   … Continue reading

Posted in Uncategorized | Tagged , , , , , , , , , , , | Leave a comment

Storm clouds gather over LIPA revamp – By George J. Marlin


Storm clouds gather over LIPA revamp – By George J. Marlin The following appears in the June 7-13, 2013 issue of the Long Island Business News: Since Gov. Andrew Cuomo unveiled his LIPA reorganization proposal last month there has been … Continue reading

Posted in long island power authority, Mooreland Commision | Tagged , , , , , | 1 Comment