Category Archives: brattle

Three Reports One Unfavorable Outcome For Ratepayers…..Again?


The following was originally posted in November 2011. It now appears that everyone agrees the existing LIPA structure does not work and must be changed however more importantly the same mistake must not be made with privatization…the ratepayer can’t afford it…. The LIPA Board … Continue reading

Posted in brattle, municipalization, privatization, servco | Tagged , , , | 1 Comment

LIPA OVERSIGHT COMMITTEE TO ISSUE REPORT TOMORROW MARCH 13th, 2012


LIPA REPORT CARD: LIPA Oversight Committee Issues Report   LIPA Oversight Committee Submits Annual Report Including Findings, Recommendations   Lindenhurst, NY – In 2010 Legislators Horsley and Romaine co-sponsored legislation to establish a committee of experts to delve into all … Continue reading

Posted in bond rating, brattle, customer satisfaction, jd powers, lipa taxes, long island power authority, municipalization, Overbilling, Oversight, pension, piolts, Public Authority, renewable energy, Storm Costs | Leave a comment

THREE REPORTS, ONE UNFAVORABLE OUTCOME FOR THE RATEPAYERS


The LIPA Board of Trustees engaged the Lazard financial advisory firm in 2009 to update LIPA’s 2005 Strategic Organizational Review, and address important questions concerning LIPA’s future. The report was presented to the board of trustees in February 2010 discussing … Continue reading

Posted in brattle, lipa, long island power authority, municipalization, servco | Tagged , , , | 2 Comments

BENEFITS FOR SERVCO CHOICE NOT BASED ON BRATTLE REPORT?


From a political perspective todays decision did not come as surprise to LIPA observers. The ServCo Structure was pre-ordained to be the selection of LIPA Board members from the first day it was proposed as a means of doing the same….only differently…With … Continue reading

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MORE OF THE SAME, THE EASIEST CHOICE


In widely disseminated email from a LIPA Trustee last night it appears that the selection of the ServCo structure conveys a “fait accompli” without any real substantive meaningful reasons on why he believes the ServCo is the “clear choice”.   In fact, the … Continue reading

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APPEARS LIKE THE RATEPAYER IS ON HOOK FOR $600M NG BENEFIT AND PENSION EXPENSE….


Finally, LIPA has issued a formal Brattle report on its restructuring study just less than 2 weeks before its Board is going to make a decision on a new structure. Even though the results of the study have been discussed … Continue reading

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LIPA Mum on the $600 Million Wildcard


As the October 6th LIPA Trustees decision date on a new structure and major operating contract approaches, it is disconcerting that LIPA and its Brattle Group consultant have made no public mention of the $600 million unfunded pension dispute with National Grid. As … Continue reading

Posted in audit, brattle, long island power authority, msa, national grid, servco | Tagged , , , | 1 Comment

LIPA HASTE TO DECISION BEFORE KEY AUDIT COMPLETED?


The governor has been taking his time with regards to leadership appointments at LIPA for good reason, he wants to wait for the outcome of the Public Service Commission review and the Inspector General Audit. This all begs the question: … Continue reading

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FLAWED BRATTLE REPORT TO BE USED AS A BASIS FOR RATEPAYERS FUTURE


The decision on the future structure of LIPA to be made by its Board of Trustees on October 6th will affect every Rate Payer for many years. For that reason you would expect this decision to be based upon sound … Continue reading

Posted in brattle, lipa, long island power authority, msa, municipal power, municipalization, municpal, national grid, privatization, servco | 3 Comments

Cost of Full-Scale Municipal Utility Not a Pension Burden to the State


One of the big arguments being used to turn people off about transforming LIPA into a full-scale public utility is that the state cannot afford to absorb 1800 more employees into the system. In the first case, it is not necessary … Continue reading

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