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.


  • Office State Comptroller would have pre-approval of LIPA contracts and public bidding would remain: but Office State Comptroller would not have pre-approval over contracts between PSEG and third parties


  • Ability for Department of Public Service to make recommendations on incentive compensation and liability for imprudent/unreasonable storm costs


  • Cannot modify or recommend modify of underlying contract compensation


  •  LIPA staffing at minimum levels


  •  9 member LIPA board (5 appointed from Governor and 4 from Legislature)


  •  PSEG would be required to post contracts semi-annually over $250K on website


  •  Securitization: Public Authorities Control Board review 30 days up or down


  •  Eliminate $26 million state franchise tax


  •  PILOT cap at 2% increase


  •  Aspirational renewable /solar language including maintaining programs recently approved by LIPA board. 100MW solar feed-in, 20 MW renewable feed-in tariff and 280 MW renewable RFP

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
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