Tag Archives: andrew cumo

Transcript LIPA OVersight Committee Presentation to SUffolk County Legislature 2/27/2013


(*Excerpt ‑ Economic Development and Energy 2/27/13*) CHAIRMAN HORSLEY: All righty.  We will now move to talk to the Oversight Committee.  If I could ask the Oversight Committee to come on up.  Matt Cordero, Chairman.  The members are Shelly Sackstein, … Continue reading

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For LIPA, superstorm battering continues, some pushing bankruptcy as best solution


As Published on http://www.platts.com Public relations fallout from Superstorm Sandy continues to batter the Long Island Power Authority, as one group pushes for its bankruptcy and another blames the utility for a fire that destroyed 130 homes. The Association for … Continue reading

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Governor’s Energy Highway- Where Is It?


Everyone is holding their breath for the release of the action plan resulting from the Governor’s Energy Highway initiative. The report was originally due for its reveal by the end of the summer but now suspiciously appears to be languishing … Continue reading

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LIPA ANNUAL REPORT, $600M PENSION LIABILITY CANNOT BE PREDICTED


What is confusing and quite worrisome is that LIPA is only starting now with  its review of the Maintenance Service Agreement (MSA) to determine its pension liability. This issue has been a known by the LIPA Board Of Trustees for a very long time … Continue reading

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NYS Senate and Assembly bills for regulating LIPA must be reconciled and fully supported by the Governor as soon as possible.


In the wake of NYS Senate Energy Committee hearings on LIPA, the authority has decided after much time to finally review National Grid’s storm charges for 2010 amounting to $223 million. This comes after these charges were questioned by the Suffolk Legislature’s … Continue reading

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