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
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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
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