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. At the same time it would absorb LIPA into an organization with considerable history, professional expertise and significant resources. It would also eliminate the need for a LIPA board of trustees and an outside private contractor to actually run the utility.
 
Challenges to be dealt with though include NYPA expanding from just a wholesale utility to one which would also provide retail service. In addition the merger would require legislation and the need to devise a plan for handling LIPA’s existing debt.
 
True, a merger between LIPA and NYPA would not be simple or follow a seamless transition, but these are not simple times and all options must be thoroughly considered.

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About lipaoversight

LIPA Oversight Committee was created to analyze the rates and practices to determine if it is working in the best interests of the Suffolk County ratepayers
This entry was posted in lipa, long island power authority, msa, municipal power, municipalization, nypa, servco and tagged , , , , . Bookmark the permalink.

One Response to NYPA-LIPA MERGER SHOULD BE CONSIDERED

  1. Pingback: Links roundup—MTA, Port Authority & more edition « Public Authorities

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