Tag Archives: brattle

Transcript LIPA OVersight Committee Presentation to SUffolk County Legislature 2/27/2013


(*Excerpt ‑ Economic Development and Energy 2/27/13*) CHAIRMAN HORSLEY: All righty.  We will now move to talk to the Oversight Committee.  If I could ask the Oversight Committee to come on up.  Matt Cordero, Chairman.  The members are Shelly Sackstein, … Continue reading

Posted in long island power authority, municipal power, municipalization, municpal, privatization | Tagged , , , , , , , | 1 Comment

Governor Cuomo just show the rate payer the facts…


“Gov. Andrew M. Cuomo, in an appearance on Staten Island, reiterated that contrary to a 2010 report the state can privatize LIPA without hiking consumers’ electricity rates”…. How is this even possible???? why such a closely guarded secret ?…the only reason … Continue reading

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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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LIPA SHOULD PURSUE DELAYING ITS ORGANIZATIONAL DECISION


LIPA is approaching a self imposed deadline this week of 10/27 to choose a new organizational structure. Realistically, they will decide pretty much on whether or not to continue its current mode of operation with an outside contractor performing most of LIPA’s operating … 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 RESTRUCTURING DEADLINE TOO SOON


LIPA restructuring deadline too soon Published: September 29, 2011 By Matthew Cordaro Last week the Long Island Power Authority begrudgingly announced it will delay its decision on restructuring until Oct. 27. Did the Suffolk County Legislature’s appeal to Gov. Andrew … 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