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 PSEG contract. He said he plans to request that the LIPA board commission an independent review of the contract before a planned vote to approve the new PSEG 12-year deal in December.”
“It’s mind-boggling how the legislature could even consider Cuomo’s LIPA proposal without knowing what it will cost consumers,” Cordaro said. “A detailed analysis of its financial impact on ratepayers is needed before any action is taken. It is obvious that it will increase costs but, amazingly, so far no one has tried to determine just how much.”
The LIPA Oversight Committee submitted a Freedom of Information Requesting this very detail……however nothing was forth coming so one has to wonder if there was any detailed analysis to begin with…..