Tag Archives: privatization

“Basically, the governor got everything he wanted in the original bill with very little compromise, if any. There’s no indication of what this will cost ratepayers.”


Cuomo, Legislature reach LIPA deal by Claude Solnik Published: June 20th, 2013 The New York State Legislature is expected to vote today on a deal reached by Gov. Andrew Cuomo and legislative leaders to privatize the operation of the Long … Continue reading

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Storm clouds gather over LIPA revamp – By George J. Marlin


Storm clouds gather over LIPA revamp – By George J. Marlin The following appears in the June 7-13, 2013 issue of the Long Island Business News: Since Gov. Andrew Cuomo unveiled his LIPA reorganization proposal last month there has been … Continue reading

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RESOLUTION OF LIPA OVERSIGHT COMMITTEE


THE LIPA OVERSIGHT COMMITTEE, HAVING CONSIDERED  AND EVALUATED THE PROBLEMATIC LEGAL, FINANCIAL, IRS, REGULATORY,AND ECONOMIC ISSUES PRESENTED BY GOVERNOR CUOMO’S LIPA REORGANIZATION BILL,  AND  THE PROPOSED AMENDMENTS TO THE OPERATIONS SERVICE AGREEMENT BETWEEN LIPA AND PSE&G, AND  HAVING ALSO REVIEWED THE STATEMENTS … Continue reading

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Proposed Cuomo Bill on LIPA Will Increase Electric Rates


The proposed Cuomo bill on LIPA will without question increase electric rates and no absolute rate freeze is possible for any length of time. In fact if the IRS does not approve the proposed structure, rates could increase astronomically. Many of … Continue reading

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LIPA Ratepayers Deserve A Full Review Of All Alternatives – And That Review Should Be Conducted In Full Public View


  The LIA is calling on the governor to let the SERVCO model continue and also – in deference to the governor – continue to fully evaluate the potential for privatization.  Regrettably, the LIA does not call on the governor to fully evaluate … Continue reading

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Division Between LIPA and NG Had Spawned Confusion Over Responsibilities, Lack Of Accountability, Misaligned Incentives


Tangled: Can Gov. Andrew Cuomo Fix the Long Island Power Authority? Written by Jon Lentz on March 25, 2013. http://www.cityandstateny.com/tangled/ (Photo Credit: Bruce Bennett) It was the worst storm to hit Long Island in a generation. Torrential rains and high … Continue reading

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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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LIPA Going Private Will Mean Big Pay Day For Wall Street


Long Island’s Power Problems Mean Big Paydays for Wall Street    By    Robert Lewis : Reporter, WNYC News Long Island Power Authority customers are still paying off debt for a nuclear plant in Shoreham. The plant, which never opened, cost more than $6 … Continue reading

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LIPA Disaster: Blame Cuomo, Not Privatization


LIPA Disaster: Blame Cuomo, Not Privatization Posted by wilderside http://www.onthewilderside.com Andrew Cuomo is the smartest Tea Party Governor in the nation.  Cuomo wins this year’s Scott Walker false narrative award.  Cuomo has done a much better job than Hostess Cakes … Continue reading

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