Tag Archives: pseg

Has The Governor Taken Any Measures To Insure That The PSEG Subsidiary’s Have Safeguards Put In Place To Prevent Abuse?


The current uproar over the involvement of Governor Christie’s team in the closing of the Washington Bridge raises an interesting political irony. Governor Cuomo crafted a deal which placed control of Long Island’s electricity system in PSEG LI, a newly created … Continue reading

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“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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LIPA Legislation Falling Apart?


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 … Continue reading

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Proposed LIPA Legislation Should Be Amended


THE BILL SHOULD BE AMENDED : TO PROVIDE THAT THE LEGISLATION SHALL NOT BECOME EFFECTIVE UNLESS AND UNTIL THERE ARE FAVORABLE  IRS  RULINGS THAT THE LIPA BONDS TO BE ISSUED ARE   QUALIFIED PRIVATE ACTIVITY BONDS, AND THAT THE  REVISIONS TO THE … Continue reading

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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.   … 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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DiNapoli: LIPA plan doesn’t protect customers


June 5, 2013 3:19 PM   By MARK HARRINGTON Newsday State Comptroller Thomas DiNapoli, in a preliminary analysis of Gov. Andrew M. Cuomo’s proposal to restructure LIPA, raises questions about lessened accountability and oversight and whether the new utility would be able to … 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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Testimony of David Daly, PSEG Vice President-LIPA Transition Appearing Before a New York State Senate Joint Committee


TESTIMONY OF DAVID DALY VICE PRESIDENT-LIPA TRANSITION PUBLIC SERVICE ENTERPRISE GROUP PUBLIC HEARING ON THE FUTURE OF LIPA THE COMMITTEE ON INVESTIGATIONS AND GOVERNMENT OPERATIONS THE COMMITTEE ON CORPORATIONS, AUTHORITIES, AND COMMISSIONS NEW YORK STATE SENATE FEBRUARY 27, 2013   Good … Continue reading

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