Category Archives: servco
For LIPA, superstorm battering continues, some pushing bankruptcy as best solution
As Published on http://www.platts.com Public relations fallout from Superstorm Sandy continues to batter the Long Island Power Authority, as one group pushes for its bankruptcy and another blames the utility for a fire that destroyed 130 homes. The Association for … Continue reading
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 cuomo, LAZARD, lipa, lipa oversight committee
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SAME STRUCTURE – NEW CONTRACTOR – OLD CULTURE?
Unfortunately LIPA made a decision to essentially keep its present structure in place with a private contractor performing most of its utility operations. This undermines the nonprofit foundation of a public utility by introducing a for profit entity into the equation, … Continue reading
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 brattle, LAZARD, long island power authority, NAVIGANT
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CALL TO GOVERNOR TO RESTRUCTURE LIPA BOARD
October 31, 2011 Statement From Mr Irving Like ESQ The LIPA Board’s decision to select the ServCo option rather than full municipalization, supports the point I have been repeating from the very beginning. We cannot rely on the current LIPA board to select … Continue reading
Posted in lipa, long island power authority, municipalization, servco
Tagged cuomo, lipa, long island power authority
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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
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
Posted in brattle, municipalization, privatization, renewable energy, servco, Storm Costs
Tagged brattle, long island power authority, national grid
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NYPA-LIPA MERGER SHOULD BE CONSIDERED
While Governor Cuomo is pondering what to do with LIPA in the future, he may want to consider the option of merging it with NYPA. This would certainly be consistent with the Governor’s goal to reduce the number of state authorities. … Continue reading
NO TIME FOR LIPA TRUSTEES TO RUSH TO JUDGEMENT
COMMENTS: Sen. Carl L. Marcellino Merrick, NY Via twitter: The answer is yes, (Governor Cuomo should intervene in LIPA restructuring)! There are lots of questions that need to be answered. My hearing proved that. Dr. Matthew Cordaro Co-chairman, Suffolk Legislature LIPA … Continue reading
