The 2011 Annual Report on Public Authorities in New York State was just released which included Public Authority Staffing Information for year ending 2010 among other debt related detail. What is interesting is that Long Island Power Authority was reported as having the highest average employee salary in the entire state for all authorities that have staffing levels greater than 100.
The average LIPA salary was reported to be $108,234 or 66% higher than the average salary for all state authorities’ salaries of $65,016. Compare this to New York Power Authority where the average salary was reported to be $87,552 or LIPA being 24% higher.
As a final point LIPA reported 48% of it staff earns greater than $100,000 where NYPA reported to have half this percentage or 24%. I guess the question should be do we as ratepayers believe we are getting what we are paying for?….the best in the state?
Next we will take a look under the hood of LIPA’s prime contractor National Grid…..