Tag Archives: long island power authority

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

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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

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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

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RESOLUTION OF LIPA OVERSIGHT COMMITTEE


THE LIPA OVERSIGHT COMMITTEE, HAVING CONSIDERED  AND EVALUATED THE PROBLEMATIC LEGAL, FINANCIAL, IRS, REGULATORY,AND ECONOMIC ISSUES PRESENTED BY GOVERNOR CUOMO’S LIPA REORGANIZATION BILL,  AND  THE PROPOSED AMENDMENTS TO THE OPERATIONS SERVICE AGREEMENT BETWEEN LIPA AND PSE&G, AND  HAVING ALSO REVIEWED THE STATEMENTS … Continue reading

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DiNapoli: LIPA plan doesn’t protect customers


June 5, 2013 3:19 PM   By MARK HARRINGTON Newsday State Comptroller Thomas DiNapoli, in a preliminary analysis of Gov. Andrew M. Cuomo’s proposal to restructure LIPA, raises questions about lessened accountability and oversight and whether the new utility would be able to … Continue reading

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LIPA Going Private Will Mean Big Pay Day For Wall Street


Long Island’s Power Problems Mean Big Paydays for Wall Street    By    Robert Lewis : Reporter, WNYC News Long Island Power Authority customers are still paying off debt for a nuclear plant in Shoreham. The plant, which never opened, cost more than $6 … Continue reading

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Why Doesn’t Governor Cuomo Release Inspector Generals LIPA Audit?


The Governor is hot on the trail to dismantle LIPA’s existing structure and privatize the utility. However he has dragged his feet on releasing the Inspector General’s report on LIPA’s Billing practices dating back almost 2 years ago…..LIPA has gone through … Continue reading

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SPENDING AND GOVERNMENT EFFICIENCY COMMISSION Report Released By Governor


The Sage Commission was formed to perform a comprehensive review of New York State government by offering recommendations of improving government efficiency. As part of the report a recommendation was put forward with regards to restructuring the Long Island Power … Continue reading

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$400 Million For A New Computer System That Was Not Needed…


On October 24th Hurricane Sandy was formed with all-weather forecasting models showing its tracking to have a major effect on Long Island with in several days. On October 25th the LIPA Board of Trustees was notified by Mike Hervey that on … Continue reading

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Moreland Commission December 11, 2012


Statement of Dr. Matthew Cordaro  Before the Moreland Commission December 11, 2012   Thank you for the opportunity to appear before you to discuss emergency preparedness and the response of utilities to recent storms, as well as recommendations for improvement. … Continue reading

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